📆 Monday, January 29
► European stocks began the week cautiously, with the Stoxx 600 index hovering near its highest level since January 2022, buoyed by energy sector gains. Global investors await pivotal events in the coming week, including the Federal Reserve and Bank of England's rate decisions, and US payroll data. The global market is also closely monitoring the Middle East conflicts as according to the US Iranian-backed militants killed three service members, with President Joe Biden pledging to retaliate. Oil and gold prices rose in response to the heightened geopolitical tensions.
► Also US futures are trading little changed after pausing the rally on Friday, as investors processed Intel’s disappointing results and awaited earnings from major tech firms like Apple and Microsoft. The USD remained stable, while Treasury yields edged lower amidst market anticipation of central bank moves and economic indicators. Investors are especially awaiting the Federal Reserve's policy decision and signals regarding the future of quantitative tightening. The currency and bond markets are likely to react to the alignment of the Fed's actions with market expectations.
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