LONDON, April 23 - Global shares rose on Tuesday, driven by a recovery on Wall Street, where investors focus on earnings reports from the U.S. megacaps, while the yen hit a new 34-year low against the dollar, prompting a warning from Japanese officials.
Against that backdrop, gold is heading for a week-on-week drop of 3.2%, its largest this year, while oil has backed off last week's highs. Tuesday brings a wealth of big-cap earnings, including Tesla, PepsiCo , UPS , opens new tab, Lockheed Martin , opens new tab and Halliburton , opens new tab Traders now expect the first Fed rate cut to come most likely in September and see just 40 basis points' worth of cuts this year, compared with expectations for 150 bps of cuts at the beginning of the year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Premarket: Stocks rise ahead of Big Tech earningsGold is heading for a week-on-week drop of 3.2 per cent, while oil has backed off last week’s high
Source: globebusiness - 🏆 31. / 66 Read more »
Stocks rebound, AI in Big Tech, Tesla: Trading TakeawaysAfter a tumultuous start to the second quarter, stock market indices (^DJI, ^IXIC, ^GSPC) are seeing a solid day of green to kick off the trading week...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Big 6 tech stocks downgraded by UBS on 'collapsing' earningsUBS Chief Investment US Equity Strategist Jonathan Golub downgraded the 'Big Six' tech stocks - Amazon (AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL), Nvidia ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stocks bounce back with Big Tech earnings in viewBig Techs are the highlight as hopes rest on this week's flood of earnings to reassure and reignite the market.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks moving higher ahead of this week's Big Tech earningsEquity markets (^DJI, ^IXIC, ^GSPC) are all moving higher Monday morning as several Big Tech companies are set to report earnings later this week. Yahoo...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stocks bounce back with Big Tech earnings aheadBig Techs are the highlight as hopes rest on this week's flood of earnings to reassure and re-ignite the market.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »