Beat the street: Fed comments and economic data eyed; NXP; Uber; Lyft
Investors eye Fed speakers and a slew of economic data out this week for hints on whether a springtime rate cut is on the cards. Earnings from NXP Semiconductors could add to further signs of a continued slump in chip demand.
(Video Transcript Summary)
Fed comments on rate cuts eagerly awaited
In this video, host and IG financial analyst Angeline Ong, begins by giving an overview of what will be discussed. She covers a range of topics including expectations of interest rate cuts, the US labour market, comments from the Federal Reserve (Fed) about rate cuts and earnings reports from big companies like Uber, Lyft and Walt Disney.
She discusses the challenges faced by WeWork, a popular co-working space company, and touches on the equity markets and US crude oil prices too. She also mentions the economic data due and the speakers from the Fed who will be speaking throughout the week, as well as what the market expects in terms of future interest rate increases.
Next, Liz Dierkin from tastylive discusses her focus on company earnings and whether interest rates will stay higher for a longer period of time.
Tesla looks to create €25,000 car
They move on to talk about Tesla's plans for a car that will cost €25,000. The host shows a chart that displays how Tesla's shares have been performing and discusses it.
Axel Rudolph from IG joins the show to provide analysis on the S&P 500 and the expectations of interest rate cuts. They discuss the upcoming earnings reports from NXP Semiconductors and Uber, as well as Lyft's growth in the number of active riders.
Bankruptcy rumours stalk WeWork
They also talk about Walt Disney's earnings report and the recent announcement they made about Hulu. Lastly, they mention the troubles that WeWork is facing, including downgrades and rumors of possible bankruptcy.
The video then concludes by looking at falling crude oil prices and giving a final summary of market indicators. The host encourages viewers to follow her on social media for more trading insight.
Overall, this video covers a wide range of topics in the trading world, from interest rates to company earnings and market trends. It provides a snapshot of what's going on in the market and offers insight from various experts.
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