Ipek Ozkardeskaya
Swissquote Bank Ltd
The US bonds extended their rally after a relatively strong US 20-year bond auction. Stocks rallied. Microsoft and Nvidia hit a fresh record.
Today, expect the Federal Reserve (Fed) minutes to be much less exciting for bond traders. The Fed minutes will come as a reminder that the falling long-term yields were a major reason why the Fed decided to keep rates steady at the latest meeting. Tanking yields mean that the Fed must stay alert.
In individual new, Nvidia is due to release earnings after today’s closing bell. The company will attempt to beat its own prediction of $16bn sales in the Q3, up from $13.50bn a quarter earlier and around $10bn more than the Q3 of last year. Expectation that Nvidia will beat its own projection is… high.
Elsewhere, HP, Lowe’s and Best Buy will also expected to report earnings today and their sales are expected to have slowed due to weaker consumer and corporate spending.
This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
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