The Market Screener Marketscreener

This week is one of the busiest this year for corporate results. After Microsoft, Alphabet, Tesla and Apple, it’s Amazon’s turn to present its earnings after the bell today. Investors will be closely watching, as they await tomorrow’s Fed meeting.

Investors bet on the right horse last week. The Magnificent Seven came to the market’s rescue, despite fears about the trajectory of the economy and rates, and talks about stagflation in the US. This morning, tech is also lifting indices.

Yesterday’s lower-than-expected US GDP reading showed that the price component rose more than expected. Investors were eagerly awaiting today’s March inflation reading to get more clue about the health of the economy and the Fed’s future monetary policy.

Earnings season is picking up pace, and the market is becoming increasingly unpredictable in how it reacts to new earnings reports. Good results aren’t enough to go up, bad ones aren’t necessarily taking a stock down, and a company can be criticized one day and worshipped the next. And now economic data is bringing old fears back...

Investors saw yesterday’s weak economic data as a sign that all hope isn’t lost when it comes to rate cuts this year. This led indices to remain in the green for a second consecutive day. Strong corporate earnings are also helping to lift investor sentiment.

The main global indices have been bouncing back since Monday after a very difficult week. The arrival of a slew of results from very large companies could act as a further catalyst for equity markets, and give back a little joie de vivre to investors.