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Global Markets React to Key Data and Policy Expectations
2024-07-26 09:00:08
Markets
Economy

Global Markets React to Key Data and Policy Expectations

European and Asian stocks show mixed reactions amid Fed rate cut expectations and tech sector weakness. Despite a Chinese policy easing outlook, the CSI 300 faces its worst week since February.

Meanwhile, US GDP growth accelerates, prompting concerns about inflation risks. In the corporate world, Mercedes-Benz reports a 19% earnings drop, while Eni raises profit guidance.

Elsewhere, the Nasdaq 100 experiences a tech slump, and the yen gains traction, fueling speculation of a BOJ rate hike. Hong Kong stocks rebound on hopes of Chinese policy easing, with notable gains in various sectors.

Amidst uncertainty, the DAX and Wall Street exhibit stability, with Ford facing challenges in the electric vehicle market. Analysts anticipate future US interest rate cuts and identify opportunities in the current market climate.

Related news on that topic:

Tech Sell-Off Sends Nasdaq Sinking Amid Earnings Disappointments

The stock market experienced a significant decline as the Nasdaq Composite and S&P 500 slid amidst concerns over AI trade and economic uncertainty due to disappointing earnings from Alphabet and Tesla. The Dow Jones Industrial Average managed to remain slightly positive. Tech stocks, including chip stocks, suffered a major sell-off, with Nvidia's stock gaining slightly despite the volatility. Traders are anticipating larger rate cuts from the Federal Reserve and are closely monitoring the upcoming Personal Consumption Expenditure Price Index update. The US economy grew by 2.8% in Q2, surpassing economist expectations. Meanwhile, Ford's stock slumped after missing Q2 earnings and projecting a significant loss for its EV business. On the other hand, Tesla, Lucid, and American Airlines saw their stocks rise. The earnings calendar is also in focus, with major tech companies like Apple, Amazon, Microsoft, and Meta set to report soon, as the tech sector grapples with the aftermath of the recent sell-off.

Stock Markets Tumble Amid Tech Sell-Off and Economic Growth

Global stock markets experienced a significant decline due to concerns over the growth of tech companies. The Nasdaq and S&P 500 saw a sharp decrease, while the Dow Jones remained positive. The sell-off was driven by disappointing earnings from tech giants like Alphabet and Tesla. However, the US economy provided some relief as GDP data showed stronger-than-expected growth in the second quarter. This data suggests that the economy is growing at a faster pace and may support a potential rate cut by the Federal Reserve. The tech sell-off is seen as a healthy market correction, as investors rotate away from overvalued tech stocks driven by AI enthusiasm. As the market normalizes, small-cap stocks are expected to perform well. Despite the volatility in the market, experts remain optimistic about the future, with seasonality indicating more upside potential.

Read 15 more recent news on this topic

The press radar on this topic:

Yahoo Finance
26. Juli 2024 um 13:07

European Stock Futures Steady Ahead of Key US Data: Markets Wrap

Finance
Economy
Technology
Politics
European stocks steady; Asian shares mostly higher as traders weigh Fed rate cut expectations vs tech weakness. Taiwanese shares tumble 4.3% as trading resumes after Typhoon Gaemi. China's bond yields hit record low; CSI 300 heads for worst week since February. US GDP growth quickens, but PCE data eyed for inflation risk. Mercedes-Benz earnings drop 19%; Eni raises profit guidance. Oil pares gains. Nasdaq 100 falls 1.1% on tech slump; small caps outperform on rate cut bets. Yen gains, Tokyo in..
Business - South China Morning Post
26. Juli 2024 um 02:37

Hong Kong stocks rebound from 3-month lows as China policy easing hopes revived | South China Morning Post

Finance
Politics
Economy
Hong Kong stocks rebounded 0.8% on China easing hopes; Haier, JD.com, Zhongsheng gained; 10-year bond yield hit record low; traders bet on US Fed rate cut; Ugreen Group surged 93% on debut; other major Asian markets rose; VIX index climbed to 3-month high.
Tagesschau - Wirtschaft und Börsen-Nachrichten
26. Juli 2024 um 20:19

DAX expected to be stable Will the stock market now return to short-term calm?

Finance
Economy
The DAX is likely to end the week on a stable note as US tech stocks continue to decline. The Nasdaq 100 has formed a technical head-and-shoulders pattern, which suggests a downward trend reversal. Mercedes-Benz Cars recorded a result drop of more than a quarter in the second quarter.
n-tv.de
25. Juli 2024 um 21:22

Ford crashes: Wall Street finds no clear direction after roller coaster ride - n-tv.de

Finance
Economy
Technology
Uneven development on US stock markets; Ford with price losses due to lower profitability in the electric car business and costly quality problems; Honeywell with price decline; IBM with price jump after quarterly figures; Hasbro with price increase thanks to strong demand for digital games; Commerzbank sees no recession in the US, but expects the US Federal Reserve to cut interest rates soon; Analyst sees intact upward trend in Big Techs and opportunity to enter the ongoing bull market.
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