From Nasdaq, Inc.:

Nasdaq’s IR team provides a daily roundup of the markets and the economy. Meanwhile, Andy Kessler emphasizes that profits can serve as a purpose. Jerome Powell hints at potential rate cuts in 2024, with Nvidia emerging as the world’s third-largest company. Market sentiment remains mixed, with a focus on economic indicators and corporate earnings.

In an eventful week, equities, gold, and oil prices rose, while the dollar and treasury yields fell. The global economy, led by the US, is performing better than expected, but inflation remains a concern. The focus shifts next week to the US job report, Fed Chair Powell’s testimonies, ECB decision, and corporate earnings. Key data points and reports are expected in various regions.

On the macro front, US workers face pay freezes, South Korea experiences inflation, Germany’s exports grow, and Australia’s economy faces challenges. Federal Reserve’s Powell’s testimony on rate cuts and inflation, RBNZ’s potential actions if the Fed eases, and China’s economic goals dominate headlines. Corporate news includes reports from Tesla, Disney, and developments in the oil and energy sectors.



Read more at Nasdaq, Inc.:: Fed Chair Powell at Capitol Hill Today