Tech Earnings and the Fed to Test the Fragile Market Sentiment
From Investing.com: 2025-01-29 05:18:00
Risk appetite improved as US tech stocks rallied, but the outlook remains uncertain amid the ongoing AI battle. Fed expected to keep rates unchanged despite Trump’s pressure, with Powell’s press conference likely to impact the dollar. BoC expected to cut rates, but loonie’s reaction may be muted due to concerns over US tariffs. Today’s agenda includes Fed meeting and tech giants’ earnings releases, with market participants eager for insights on AI divisions. Dollar continues to recover, while crypto market experiences high volatility with gold and Bitcoin prices fluctuating. ECB meeting tomorrow could impact euro’s performance.
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