A U.S. Federal Reserve meeting and Apple and Amazon reporting results will keep investors’ focus in the days ahead on the global rates outlook and on tech earnings, while growth and inflation data from Europe and China are also coming out.A trader works, as a screen broadcasts a news conference by U.S. Federal Reserve Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange in New York City on March 20.
A ratcheting down of rate cut expectations has been a key factor behind the rise in Treasury yields and recent pullback in stocks. Fed futures markets now predict some 35 bps of easing in 2024 down from 150 bps expected at the start of the year.This photo taken on Oct. 30, 2023 shows people visiting an Apple store in Shenyang, in China's northeastern Liaoning province.
Official figures for China’s purchasing managers’ index are due on Tuesday and the Caixin/S&P Global manufacturing PMI survey is expected shortly afterwards. But Beijing has lately found itself in a bind over its currency. The yuan is sliding against a perky dollar but is stronger against its major trading partners - an unwelcome sign for China’s export-reliant economy.A view shows the European Central Bank building, on the day of the monthly news conference following the ECB's monetary policy meeting in Frankfurt, Germany, Sept. 2023.