Sunday , May 28 2023

5 things to watch on's Wall Street Tuesday


© Reuters. – Here are the top five issues facing Tuesday, July 30 in the financial markets:

1. Fed meeting begins; waited for housing and consumption data

The Federal Reserve begins its two-day monetary policy meeting and the markets are expected to be the first in the United States in more than a decade.

The quarter-point cut is devised, so the markets are likely to focus on Fed President Jerome Powell's future direction of monetary policy. Future federal funds are anticipating another cut in September and estimate that there is more than a 50% chance of a third cut in December.

2. Apple (NASDAQ 🙂 and AMD, in the spotlight after Beyond Meat (NASDAQ 🙂 disappointment

(NASDAQ 🙂 presents its third quarter results after the closing bell. Marketers expect that its service segment – led by iCloud, Apple Music and the App Store – can reduce its reliance on iPhone sales, which make up about 60% of total revenue.

(NASDAQ 🙂 will also present a report after the market closes in a better-than-expected PC environment.

Beyond Meat (NASDAQ 🙂 shares plummeted by more than 12% before opening after one and following an announcement of a 3.25 million share offer just three months after its IPO.

3. The futures of the United States turn negative in the face of bad forecasts in Europe

They point to a downward opening on Wall Street, reversing the small gains recorded overnight, following a series of low-key forecasts and negative data from Europe, underscoring the economic weakness that European Central Bank President Mario Draghi said. Last week I went "from bad to worse."

The German giants Bayer (DE 🙂 and Lufthansa (DE 🙂 have released cautious forecasts.

The eurozone also fell to a minimum of nearly six years in July.

4. Oil expands its rebound while waiting for backup data

He is extending his four-day meeting as he increases to the fourth day of the last five, taking into account the expectations that the Fed's measures will support the economy and hence the demand for fuel oil.

In today's agenda, the US Petroleum Institute will release its weekly data on those before the Energy Information Administration, which will be known on Wednesday.

5. The BoJ and Brexit shake up the currency markets; the dollar holds until the Fed announces

Immediate factors hit the currency markets before the start of the Fed meeting.

He is recording inter-bank highs against the dollar after the Bank of Japan decided to keep its anchor at -0.1%. The Bank of Japan has revised its inflation forecasts downwards and reiterated its intention to take more relaxed measures if necessary, but some speculated that it could deliver on its promise of extremely low rates by the spring of 2020.

He remains under heavy pressure, registering new lower 28 months against the dollar, as newly appointed British Prime Minister Boris Johnson has redoubled his opposition to the Irish border issue, an insurance that seeks to avoid a border between Northern Ireland and Ireland.

The one that follows the development of this coin in relation to a basket of six other major currencies remains firm.

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