Look ahead: Fed rate decision; Japan consumer confidence; eBay; Pfizer; Qualcomm
Traders eye Fed chair Jerome Powell for clues on how the central bank is dealing with the complexities surrounding ‘sticky inflation’.
US interest rates are expected to stay on hold. Japan releases its latest consumer confidence print. After Amazon’s results, investors brace for earnings from eBay, Pfizer, Qualcomm, and GSK.
(AI Video Summary)
Spotlight on Japan's economy
In today's "Look ahead" financial market overview, Angeline Ong discusses key insights and anticipations for 30 April. The focus is on Japan, particularly consumer confidence and the Nikkei 225's movements, highlighting an example of inverse polarity in technical analysis. Attention is also on the Japanese yen, with potential for central bank intervention. In the US, crucial data releases include the ADP employment change, manufacturing numbers, and Federal Reserve's interest rate decision, with the market keen on future rate cut expectations and inflation commentary.
Notable earnings reports
Additionally, notable earnings reports from companies like Amazon, GSK, Aston Martin, Pfizer, QUALCOMM, Kraft Heinz, AIG, and eBay are discussed, with a particular interest in eBay's revenue performance and future outlook.
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