Look ahead: Netflix; ECB rate decision; UK jobless rate; Japan trade
Netflix’s earnings under the spotlight as analysts expect the streaming giant to have added the least number of subscribers in five quarters during April-June.
The European Central Bank (ECB) is expected to keep rates unchanged a month after it cut interest rates for the first time five years.
Plus, look out for the latest jobless rate print out of Britain and fresh trade figures from Japan.
(AI Video Summary)
Global economic indicators
In today's financial "Look ahead" hosted by Angeline Ong, key trading updates and expectations were highlighted, focusing on global economic indicators such as Japan's trade balance, the UK's unemployment rate, ECB's interest rates decisions, and the US jobless claims. Special attention was given to currency movements, particularly the strength of the EUR/USD pair and potential central bank interventions.
Market activities and interest rate cuts
The video also touches on corporate performances with an emphasis on Netflix's upcoming earnings report, which could influence NASDAQ 100 trends. Chris Vecchio from tastylive notes a significant market interest in interest rate cuts and a shift from mega-cap to small-cap stocks, describing current market dynamics as mid-stage bullish, based on historical comparisons to other significant market periods.
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