Look ahead: Fed; Japan Tankan; UK GDP; Adobe
The US Federal Reserve’s policy meeting comes a day after the latest inflation reading raised expectations that interest rates have peaked.
Japan’s manufacturers swing into focus with the release of the latest Tankan survey. UK GDP and trade data could move the pound. Plus, Adobe is seen reporting an 11% rise in Q4 revenue.
(AI Video Summary)
Japanese economy looking positive
In Japan, the Tankan index will be released, which measures the state of the economy. Experts predict a high reading of 10 for the last quarter, the highest since the beginning of 2022. This means that things are looking up for Japan's economy.
UK to reveal key data
Over in the UK, we'll get to see the monthly GDP figures, trade data, and industrial production numbers to get a sense of how the economy is doing, especially in the industrial sector. These numbers are important because they give us an idea of how well businesses are doing and how much they are producing.
Fed to decide action on interest rates
In the US, all eyes are on the Federal Reserve (Fed) as they make a decision about interest rates. Money markets have already factored in a pause in rate hikes, meaning there likely won't be any changes for now. Traders are even predicting a possible rate cut in the coming months. This can have a big impact on stocks, so traders are approaching the market with caution.
Current stock performances
Speaking of stocks, Wall Street futures are currently down a bit, which means that the market might not open with a lot of enthusiasm. Traders are waiting to see the outcomes of key events like the Fed meeting before they dive in.
On the business front, Adobe, a software company, is expected to announce a significant increase in revenue for the last quarter. They are projected to make over $5 billion, which is a 10.8% rise. This is good news for Adobe and demonstrates their success in the market.
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
