Global markets experienced a mixed day on Tuesday as investors eagerly awaited key reports on U.S. inflation and the Federal Reserve’s policy meeting. While the S&P 500 and Dow Jones Industrial Average futures dropped slightly, the FTSE 100 in the UK fell after a rise in the unemployment rate.
Asian markets saw the Nikkei 225 rise in anticipation of the Bank of Japan’s meeting outcomes, while Hong Kong’s Hang Seng and Shanghai Composite experienced declines. Australia’s S&P/ASX 200 also slipped, while South Korea’s Kospi managed to gain.
Despite recent economic data showing mixed results, there is hope for a controlled slowdown to avoid recession and ease inflation pressures. Additionally, companies in the AI sector like Nvidia are still thriving despite the economic climate.
Looking ahead, the Federal Reserve is set to announce its decision on interest rates with expectations of minimal changes. The market is keeping a close watch on reports on inflation and developments in global crude oil prices.
Overall, the global market remains volatile as investors brace for impactful economic reports and central bank decisions in the coming days.