The Trump administration's weak resolve to carry out its threat of tariffs has shaken global investors confidence in the newly appointed president and his top staff. Global financial markets are shifting attention away from Trump's hollow proclamations that seem to be increasingly not followed through.
Investors reacted to the latest batch of earnings, including results from AMD, Alphabet, Chipotle Mexican Grill, Uber Technologies, and Walt Disney Co. The Trump administration flip-flopped again on processing parcel deliveries from China after delaying tariffs on Mexico and Canada.
GOOG AMD DIS UBER CMG
GOOG AMD DIS UBER CMG
Investors shifted their attention to mega-cap tech companies after Microsoft, Tesla, Meta Platforms, and IBM released their quarterly results. The European Central Bank lowered its key lending rates, and the bank said the disinflation process is well on track. Indian investors awaited the fiscal year budget this Saturday.
The Federal Reserve is widely anticipated to hold rates steady later today after a two-day policy meeting. Investors are awaiting the release of the Fed's outlook on inflation, economic growth, and the jobless rate. U.S. international goods deficit hit a new record high in 2024.
ASML LOGI META MSFT DHR TMUS SBUX
ASML LOGI META MSFT DHR TMUS SBUX