From Nasdaq: 2024-08-01 07:15:54

Nasdaq 100 E-Mini futures are up +0.36% as Meta Platforms reports strong Q2 results and Fed Chair Powell’s dovish comments boost sentiment. The Federal Reserve keeps rates steady. Nvidia surges +12%, AMD gains +4%, and Match Group climbs +13% in yesterday’s trading session. On the economic data front, U.S. employment figures showed mixed results.

Investors await reports from Amazon, Apple, Intel, and other companies today. U.S. ISM Manufacturing PMI and S&P Global Manufacturing PMI data are anticipated. Corporate earnings season continues, while bond yields and European market activities fluctuate. U.K. Bank of England expected to lower rates.

Asian markets close in the red. China’s Shanghai Composite Index falls on weak manufacturing data and declining property sales. Japan’s Nikkei 225 also closes lower following Bank of Japan rate hike. Japan’s manufacturing sector contracts in July, while the yen’s strength impacts stocks and real estate. Bank of Japan expects wage and price growth to exceed expectations.



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