Chinese tech’s big return? | MarketTalk: What’s up today? | Swissquote
Federal Reserve (Fed) Chair Jerome Powell’s testimony yesterday went smoothly and in line with the previous remarks that the Fed is not in a hurry to cut the rates.
All eyes are on today’s US inflation update. The US headline inflation is expected to steady near 2.9% y-o-y in January, core inflation may have eased from 3.2% to 3.1%. A set of softer-than-expected inflation numbers could help sooth inflation worries and encourage a deeper retreat in the US dollar and a further advance across the major peers. While a stronger-than-expected set of inflation figures could fuel worries, back a further...