Fed policy, blue-chip earnings in focus after rocky week
HOPES of accommodative central bank policies have been a key needle mover in global equity markets since June, dictating sentiment in the face of US-China trade tensions.
With that in mind, the US Federal Reserve's policy decision on Wednesday will be the week's main event, where investors are taking a rate cut of 25 basis points as a given, with further easing from September.
If cuts meet expectations, "it will inaugurate the beginning of a new Fed easing cycle but anything other will trigger an aggressive symmetrical response across a swath of risk assets", Vanguard markets managing partner Stephen Innes said.
The Fed's decision is sandwiched by those of the Bank of Japan (BOJ) on Tuesday, and the Bank of England (BOE) …
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Swiss watch exports plunge as China and Hong Kong demand dries up
Huawei starts sales of new Pura 70 smartphone amid scrutiny on chips
BP reshapes its leadership team as some executives leave company
Deliveroo returns to order growth on strong international demand
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Danone beats Q1 sales forecasts, keeps 2024 goals