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Nvidia's Decline Spurs Investor Caution Amidst Market Uncertainty

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The week kicks off on a weak note following a moody trading session across Europe and the US on Friday.

This week, the US will reveal its latest GDP update on Thursday. US growth is expected to be revised slightly higher from 1.3% to 1.4% down, but that’s down from 3.4% printed a quarter earlier. And on Friday, investors will focus on core PCE data – the Federal Reserve’s favorite gauge of inflation. The latter better be soft enough to prevent a broader selloff in US indices. On the individual front, FedEx must change its rate policy that leads to such a strong yen selloff in the first place.

 

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Fed's Hawkish Tone, Economic Data to Shape Market Outlook This WeekMarket Overview Analysis by Ipek Ozkardeskaya covering: EUR/USD, USD/JPY, Nasdaq 100, S&P 500. Read Ipek Ozkardeskaya's latest article on Investing.com
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