Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0....The ECB is expected to leave interest rates unchanged at Thursday’s meeting but will likely give the market further guidance that interest rates will come down again at the September 12 meeting. Financial markets are currently pricing in an additional 45 basis points of interest rate cuts in 2024.
US earnings season continues apace with notable releases from financial heavyweights BlackRock, Goldman Sachs, Bank of America, and Morgan Stanley. In addition, Netflix, a member of the Magnificent Seven, and chip giant Taiwan Semiconductor Manufacturing will also open their books., will come under scrutiny after the sharp correction seen on Thursday.
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