Corporate earnings ahead, Fed officials on rate cuts pace

Investing.com -- Dow futures and Nasdaq futures both inched down on Tuesday ahead of a slew of fresh quarterly earnings reports from several major companies. Texas Instruments will be among a host of businesses unveiling their latest results, with traders keen to see if the semiconductor firm provides more insight into the outlook for chip demand during a surge in excitement around artificial intelligence.

Global real gross domestic product growth was seen at 3.2% for both 2024 and 2025, matching the rate in 2023. IMF Managing Director Kristalina Georgieva said on Monday she expects the latest forecast to be above 3%, but did not provide a specific figure. However, comments from these officials seemed to indicate some lingering disagreement over the pace of the drawdowns.

Birol’s comments -- made in an interview with Bloomberg -- came after both the International Energy Agency and the Organization of the Petroleum Exporting Countries recently slashed their demand growth forecasts on concerns over China.

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