FTDS - Weekly Market Outlook: Central Banks And U.S. Earnings. Will The BoJ Hike Rates?

2024-07-27 00:01:00 ET

Summary

• Global markets experienced a volatile week, influenced by a tech selloff, China growth concerns, and anticipation of central bank decisions and US earnings reports.
• Despite the volatility and tech-led selloff, US equity funds saw inflows.
• Central bank meetings, particularly the FOMC and BoJ, and US NFP data will be key drivers of market sentiment in the coming week.

By Zain Vawda

Week in Review: Sentiment Overshadows US Earnings and Data

A tumultuous week for global markets fraught with risk, volatility and a whole lot of opportunity is drawing to a close. The tech selloff in US Megacap tech stocks accelerated in the early part of the week, compounded by concerns around growth in China. A rally on Friday by the SPX and Nasdaq 100 was led by a rebound in tech stocks, with Meta, Microsoft and Amazon leading the way....

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