The Market Brief
Hey team, global stocks rose on Thursday, lifted by data showing cooling US core inflation and a slew of robust corporate earnings.
Let’s recap yesterday’s session and see what’s next for the market!
Impact Snapshot
🟥 Retail Sales - 8:30am
🟥 Unemployment Claims - 8:30am
Macro Viewpoint
U.S. stock index futures rose on Thursday, ahead of earnings reports from major banks and economic data that could provide insights into the strength of the U.S. economy.
On Wednesday, Wall Street saw its largest one-day gain since November 6, following news that inflation was slowing and three major U.S. banks reported strong results.
With inflation and employment showing little change, investors are now focusing on earnings reports and upcoming policy decisions, as they expect interest rates to remain steady.
Traders are now predicting that the Federal Reserve will lower interest rates by 0.25% in July, reversing earlier expectations after strong job numbers in December.
So far, 82.1% of the 28 S&P 500 companies that have reported fourth-quarter earnings have exceeded expectations.
