Beat the street: PCE; initial jobless claims; Micron; Apple; Boeing
What next for US stocks with key inflation data just round the corner? Just a few sessions left in the first half of the year, but if you want to trade AI, Micron's earnings are out this week.
Apple is charged with breaching EU tech rules. Plus, find out why Boeing’s shares are heading south ahead of the Wall Street open.
(AI Video Summary)
US PCE inflation data
In this episode of "Beat the street," Angeline Ong and guests navigate the current dynamic financial landscape. Key discussion points include an anticipation of the US PCE inflation data and Durable Goods Orders report—crucial indicators of economic health. Also highlighted is Micron's upcoming earnings, expected to give insight into AI market demand.
NVIDIA and Apple
Despite recent slips in tech stocks like NVIDIA, the stock market remains buoyed by positive trends in AI and the prospects of easing inflation pressures. Notably, EU authorities have accused Apple of breaching tech rules, potentially impacting its market activities.
As stocks like NVIDIA and Apple face varied views, there's an emphasis on the significant upcoming two weeks, historically the best for stocks, suggesting potential market resilience.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets
- Forex
- Shares
- Indices