GRAPHIC-Take Five: Over to the Fed
From Nasdaq, Inc.:
This week, the Federal Reserve is expected to leave rates unchanged at its Jan. 30-31 meeting. Expectations for rate cuts as early as March have investors bracing for mixed signals. Meanwhile, the Bank of England is expected to keep rates at 16-year highs, with the pound at risk amid concerns of unsustainable spending. All eyes are on China’s PMI data following a broad market selloff, while the upcoming US non-farm payrolls report could provide more insight on the economy. Apple, Microsoft, Alphabet, Amazon, and Meta Platforms are all set to report earnings, with the tech giants’ results playing a crucial role in sustaining the S&P 500’s bull market. European banks are on track to post rising profits and outperforming shares, as the highest rates in recent decades lifted net interest income and record-high shareholder payouts. However, signs of a higher-rate boost peak and ECB’s expected rate cuts could impact the banking sector. Overall, this week it’s business as usual, with central bank actions, tapering, high yielding stocks and Q4 earnings dominating headlines.
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