Technology companies, which have continued their upward trend in US stock markets since the beginning of the year, continue to be on investors’ radar. While the uncertainty about when the Fed will start cutting interest rates continues, the Fed minutes to be published today may determine the direction of the markets.
Nvidia Expectation: Nvidia’s balance sheet, which has risen nearly 40% since the beginning of the year, is eagerly awaited by investors after the markets close.
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Fed Minutes: Market participants are looking for clues from the Fed’s FOMC minutes, which will be released today, on the bank’s future monetary policy actions. Any signal of a rate cut in the minutes may cause volatility in the markets.
Other Important Developments:
- Walmart announced it will acquire smart TV maker Vizio for $2.3 billion after reporting higher-than-expected profit and revenue.
- US retail chain Home Depot’s profit and revenue beat forecasts, but its sales growth forecast for fiscal 2024 was below expectations.
- US bank Capital One announced that it will acquire Discover in a deal worth 35.3 billion dollars.
- The ounce price of gold continued its upward trend and rose to 2 thousand 31 dollars.
- In European stock markets today, eyes will be on the Eurozone consumer confidence index.
- Asian stock markets are mixed. In China, the rise led by the real estate sector attracts attention.
- In Japan, exports exceeded expectations with an annual increase of 11.9% in January.
General Assessment:
The ongoing balance sheet season in the US and Europe and the release of the Fed minutes may cause volatility in the markets. Investors should closely monitor these developments and determine their risk management strategies accordingly.
