The US Federal Open Market Committee and the UK’s Bank of England announce their rate decisions this week. We’re expecting a cut from both, just not this month. Central bankers have been, and are likely to continue to be, in wait-and-see mode — read Chris Giles’s excellent Central Banks newsletter (for Premium subscribers) to get more detail.
Tech earnings reach a peak this week with figures from Apple, Google-owner Alphabet, Amazon.com, Microsoft and Meta. Investors are looking for signs that their investments in artificial intelligence are beginning to pay off. It was excitement about this clutch of companies, which with Tesla and Nvidia were known as the Magnificent Seven, that drove up US share prices last year.
