- It's a big week for central banks, with policymakers in the United States, Japan and Britain all due to reconsider lending rates and markets on edge over more earnings from U.S. tech giants.Here's your look at what's happening in markets in the coming week, from Kevin Buckland in Tokyo, Ira Iosebashvili and Rodrigo Campos in New York and Amanda Cooper in London.
The huge run-up in tech stocks may have set a high bar for their results. Google-parent Alphabet, whose earnings were one of the triggers for the recent selloff, actually reported better-than-expected revenue, but investors grew wary that rising spending on AI infrastructure could squeeze margins, sending the shares 5% lower.
4/STICKY ISSUES The Bank of England meets on Thursday and right now, markets see a roughly 48% chance that rates will fall for the first time since March 2020. Growth is modest and consumer inflation has returned to 2%. Yet wage growth and service-sector inflation are proving sticky and running hotter than a number of policy-setters at the Old Lady of Threadneedle Street, as the Bank of England is known, would like.
WARSAW, Poland — Is the 19th century Champagne on the bottom of the Baltic Sea still fit for a toast?In Venezuela, voters head to the polls to elect a president. The steep selloff in markets in recent days is shining a spotlight on the Federal Reserve, which concludes its July monetary policy meeting on Wednesday.
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