Traders are rotating back into tech stocks on renewed confidence that AI spending will pay off ahead of results from Microsoft Corp. and Alphabet Inc. due after the close. Attention is also turning to the Federal Reserve, which is widely expected to...
Traders are rotating back into tech stocks on renewed confidence that AI spending will pay off ahead of results from Microsoft Corp. and Alphabet Inc. due after the close. Attention is also turning to the Federal Reserve, which is widely expected to leave interest rates unchanged on Wednesday. Treasury yields edged higher ahead of the decision, while the dollar was little changed. SK Hynix unveiled plans to return about $45 billion more to shareholders after profit surged a stronger-than-expected seven-fold, reflecting the resilience of an AI infrastructure rollout that’s propelling chip demand. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
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Bloomberg — Markets (EN)