ECB, growth and employment in focus for the euro area
Today will give financial markets a full picture of the health of the Eurozone economy, with growth and employment numbers, while the ECB is expected to cut interest rates further. In the US, the quarterly earnings season continues, today it is the turn of Apple, Mastercard and Visa.
The first indications coming from the quarterly reports look positive, with a majority of results exceeding market expectations, starting with those of the tech biggies Microsoft and Meta. Today, the accounts of Apple and Nokia are expected for the tech sector, and Visa and Mastercard for the financial sector.
On the macroeconomic front, all eyes will be on the Eurozone, with data on economic performance in the fourth quarter and the ECB’s decision on rates (a new cut is expected). From the US, with the Fed remaining firm, will come Q4 2024 GDP data and the first indications on PCE prices.
Our forecast analyses point to a still positive base scenario for equities, but there are many waiting signals at the operational level. On the bond front, there is still room for yields to fall, especially on corporate bonds. Finally, volatility is seen to remain broadly under control.
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NOTES AND WARNINGS
Analysis automatically generated by kbmeter.com. Analysis date: 30 January 2025 - 7:10 AM GMT+1
This content is provided for informational purposes only and should not be considered financial advice. All scores and assessments are based on the previous trading day’s closing prices. Futures indications refer to the date and time of the analysis.
