📆 Thursday, January 26
► European markets displayed mixed sentiments as investors navigated through a slew of earnings reports and anticipated the ECB's policy decision, which are expected to hold rates. The Stoxx 600 Index saw a slight decline of 0.1%. Key players in the tech sector, like STMicroelectronics, faced downturns amid softer customer orders and a cautious revenue outlook. Meanwhile, financial firms like SEB and telecom giant Nokia also reported results that swayed market perceptions, underlining the region's varying corporate health.
► In the US, market participants are closely observing the Nasdaq 100 futures following Tesla's earnings miss and a 6% drop in extended trading. Tesla's Q4 performance disappoints with sluggish 3% sales growth, a sharp decline in profit margins from 16% to 8.2%, and a slowing trend despite record deliveries, leading to skepticism about its high valuation (our chief analyst Robert still views Tesla as too expensive and continues to sell every spike). IBM, however, was able to comfortable beat earnings on all accounts with earning revenue accelerating – IBM is trading 7.5% higher which will resulut in a huge profit for our community. With the Federal Reserve's January-end meeting around the corner, investors are particularly keen on the upcoming GDP data, seeking to gauge the economy's growth trajectory. The data, along with other key indicators like inventories and new home sales, are expected to influence the market's rate cut expectations and provide insights into the US economic health.
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