📆 Thursday, August 3
► Stocks around the world continue to fall, with losses in Wall Street leading the way. This drop in stocks follows sharp selling on Wednesday after rising concerns about slowing corporate earnings, sharp selling in tech stocks and a Fitch downgrade.
► Attention is being directed towards the Bank of England's rate decision (11:00 UTC+0) then later to Apple and Amazon as they are due to report their quarterly earnings after NYSE close
► Markets expect a 25 basis-points increase by the Bank of England to combat UK inflation. A surprise 50-bp rate hike would intensify global selling. UK equities would fall particularly sharp
► Tech shares in Europe, led by German chipmaker Infineon Technologies, have taken a hit due to disappointing forecasts, resulting in a decline in Europe's regional benchmark equity index for the third day. Infineon's weak forecasts follows Qualcomm's (yesterday) and AMD's downbeat revenue forecasts
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