Will Big-Techs drive growth? What will the week bring?

Although from the Polish perspective it might seem that we have a quiet week ahead of us, nothing could be further from the truth. There will be a lot going on on global markets, and investors' eyes will be focused primarily on the United States. This is where we will learn the next Big-Tech results for the first quarter of 2024 and the FOMC's decision on interest rates.

Big-Tech earnings season

Last December, Jerome Powell suggested upcoming reductions interest rates in the world's largest economy. However, this dovish communication did not go hand in hand with actions, and there are many indications that instead of the expected reductions, we may receive slightly more hawkish messages. In recent weeks, both the Fed chairman and FOMC members have suggested that there are no grounds to believe that inflation is clearly heading towards the inflation target. This is also not helped by the market situation, including: rising oil prices raise concerns about a potential second wave of inflation.

In the coming days, we will also see the continuation of the Big Tech earnings season in the US. Last week, data released from... caused a lot of confusion on the market Tesla, Meta Platforms, Microsoft or Alphabet. However, currently, investors' eyes will be focused on Amazon and Apple, which will soon present their data for the first quarter of 2024. Both companies belong to the "Magnificent 7" and their results may indicate the direction for the entire American market.

We invite you to meet the economist XTB Michał Stajniak, in which he will focus on the key topics of this week.

In today's webinar:

• Czy FOMC Will it lower interest rates in the US?
• Have Big Tech companies positively surprised with their results so far?
• What to expect from Amazon and Apple's results?

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In addition, due to the very dynamic situation in the world, additional ones are available raports Video on the impact of war, pandemic and economic crisis on the global economy.

About the host

Michał Stajniak

Michał Stajniak - Raw Material Market Analyst in XTB. It places particular emphasis on the linkages between the behavior of commodity prices and the currencies of economies heavily dependent on exports of commodities such as oil, iron ore, gold and powdered milk. He is the author of frequent comments comparing commodity price indices with currency pairs such as AUDUSD, NZDUSD, USDCAD, USDNOK, or EURNOK. He represents XTB in the media (including TVN24 BIS, Polsat News, TVP Info, Bankier TV or Onet TV) and is the author of articles in the financial press such as Parkiet, Puls Biznesu and Dziennik Gazeta Prawna. He is a practitioner of the stock market and the derivative market. In his approach, he values ​​fundamental analysis above all, but often uses Fibonacci levels to determine the demand and supply zones needed in a Price Action strategy. A graduate of Quantitative Methods in Economics and Information Systems at the Warsaw School of Economics.

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