Good news is bad news, and too much news is confusing. | MarketTalk: What’s up today? | Swissquote

Show notes

European and US markets nosedived yesterday on the back of ‘good news is bad news’ and the futures hint at a bearish start to Thursday’s session. Growth on both sides of the Atlantic Ocean came in better than expected, but inflation in the Eurozone ticked higher than expected and gave a positive jolt to the euro. UK budget on the other hand went quite smoothly for the pound. The bad news were countered by the tamed Bank of England (BoE) easing expectations. The BoJ refrained from changing policy today.
For now, the US dollar remains bid despite yesterday’s weakness, the 2-year yield spiked higher – as the Fed doves scaled back their Federal Reserve (Fed) cut bets. Investors continue to monitor the jobs data... and earnings!
Microsoft and Meta released their Q3 earnings yesterday, after the bell, and the results were good but the forecast and extra spending plans didn’t please, respectively. Apple and Amazon are due to announce earnings after the bell today.
Listen to find out more!