Global markets were a mixed bag on Tuesday as investors awaited key reports on U.S. inflation and the Federal Reserve’s policy meeting.
Major indices like the S&P 500 and Dow Jones Industrial Average posted slight losses, while Europe’s FTSE 100 and Germany’s DAX also faced downward pressure.
In Asia, Tokyo’s Nikkei 225 edged higher following the Bank of Japan’s meeting, while Hong Kong’s Hang Seng and Shanghai Composite struggled. Australian and South Korean markets saw modest moves.
Tech giants like Nvidia are thriving amid the AI boom, with the company’s value reaching $3 trillion post-stock split. This growth highlights the resilience of companies in the tech sector.
Looking ahead, traders are monitoring inflation data and the Federal Reserve’s interest rate decision on Wednesday. Expectations for rate hikes and economic projections remain uncertain amidst mixed economic signals.
Oil prices and currency exchange rates remained relatively stable, reflecting a cautious sentiment among investors awaiting key economic reports.