📆 Tuesday, January 30
► Markets remain with reduced trading activity as investors anticipate key events this week, including the Federal Reserve's policy decision and a flurry of US tech earnings, with investors closely watching for Microsoft, Alphabet, Apple, Amazon, and Meta’s results. This week's outcomes are critical for assessing whether the high valuations of US megacap tech companies are justified amidst expectations of earnings growth and potential rate cuts.
► European markets displayed restraint, with the Stoxx 600 (up 0.2%) inching to a two-year high. Spain and France reported GDP figures, with Spain's GDP expanding more than expected in Q4 2023 and France's GDP showing stagnation. Inflation rates in Spain saw an uptick. Anticipation of the upcoming Bank of England rate decision and a flurry of major earnings reports kept trading cautious.
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