From Nasdaq:

Asia-Pacific equity markets saw mixed results today, with Japan and Hong Kong down, while India and Australia rose. U.S. equity futures point to a lower open amid anticipation of the January Personal Income & Spending report and core PCE Price Index reading. January inflation data shows concern over inflation stalling, setting the stage for potential market movement.

In the international economy, Germany’s retail sales fell in January due to elevated inflation and borrowing costs. The United Kingdom saw consumer credit grow in January, driven by higher borrowing through credit cards. In the domestic economy, today brings January Pending Home Sales data and weekly Initial and Continuing Jobless Claims reports, alongside news of a government shutdown postponement.

Yesterday, U.S. markets experienced a down day due to declines in Technology and Communication Services sectors. Axon Enterprise Inc. saw gains following a strong quarter and guidance, while major market indicators show varied year-to-date performance. Today, companies like Salesforce, HP, Snowflake, and Okta are in the spotlight after reporting quarterly results, with varied market reactions. WW faces pre-market trading losses after issuing disappointing fiscal 2024 guidance.

ACI Worldwide, Anheuser-Busch InBev, Dell, and Zscaler are among the companies expected to report quarterly results after the market closes today. Looking ahead to Friday, markets will be watching for manufacturing PMI data from Japan, China, the Eurozone, the UK, and the US. The thought for the day: “The best revenge is not to be like your enemy.” – Marcus Aurelius.



Read more at Nasdaq:: Daily Markets: January Core PCE Today, Manufacturing PMI Tomorrow