📆 Wednesday, February 28
► European markets had a slow start, with the Stoxx Europe 600 showing minimal changes. Tech stocks took a hit, whereas insurers and utilities sectors saw gains. Specific stock movements included ASM International seeing a drop due to a disappointing forecast, and Reckitt Benckiser Group declining by up to 10% because of reduced sales.
► US stock futures also show a slight decline, with investors recalibrating their expectations for rate cuts amidst strong economic indicators. The tech sector is particularly in focus, with Salesforce and Snowflake set to report earnings. Traders are holding back from making big bets ahead of critical economic data including US GDP (today), inflation figures, and updates from central banks. The anticipation revolves around how these updates will shape monetary policy directions.
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