Markets have been a little calmer so far this week. By and large, stock markets around the world have enjoyed modest gains over the past couple of sessions, as many large US companies prepare to report their latest quarterly earnings. Microsoft (MSFT) and Meta (META) will release their respective reports later today, although only after market hours. Starbucks (SBU) plummeted as much as 6.7% in after-hours trading yesterday after the coffee company revealed slumping store sales. A mixed bag for tech stocks so far, with Super Micro Computer (SMCI) falling 15% after poor results, while Seagate (STX) jumped 9% after beating Q1 sales estimates.
Currencies have recovered some demeanour in recent sessions, extreme swings appear to be out of fashion for the time being and the volatility has died down somewhat. Even cryptocurrencies aren’t interested in drama anymore, Bitcoin has been flat as a pancake for the past week already and is currently showing no inclination of going anywhere. Gold has also been relatively stable after coming down from last Tuesday’s record high and is now hovering above $3,300 an ounce. Dull trading conditions all round.
Famous last words perhaps, as the economic calendar really perks up later today. The latest ADP employment figures are sure to raise some eyebrows, as will first quarter GDP growth, but the main event of the day will be the PCE Price Index, which is predicted to reveal lower inflation across the board. Markets may slow down a little tomorrow as much of the world takes the day off for Labour Day. Friday raises the stakes once again however with the latest round of NFP data. Enjoy the calm while it lasts.
Cảnh báo rủi ro : Giao dịch các sản phẩm phái sinh và đòn bẩy có mức độ rủi ro cao.
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