🚨🚨Global Equity Markets Today 1 Feb
US Markets
- **S&P 500**: Flat near 4,900 amid mixed earnings (e.g., Meta +5% on ad revenue beat vs. Chevron -3% on weak oil demand).
- **Nasdaq**: Up 1.2%, led by AI chipmakers (AMD +6%) post-strong guidance.
- **Dow Jones**: Down 0.4% on Boeing’s safety concerns (-8%) and Goldman Sachs’ profit miss (-4%).
Asia/Europe
- **Hang Seng**: Fell 1.8% on China’s weak manufacturing PMI (49.2 vs. 50.0 expected).
- **DAX**: Rose 0.7% on upbeat German factory orders.
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Forex & Central Banks
- **USD**: DXY index dipped to 103.2 as markets priced in a 70% chance of a March Fed rate cut.
- **EUR/USD**: Rose to 1.0850 after Eurozone inflation cooled to 2.7% (vs. 2.9% forecast).
- **USD/JPY**: Dropped to 146.50 on safe-haven yen demand amid Middle East tensions.
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Commodities
- **Oil**: Brent crude fell 2% to $79/bbl on rising US inventories and OPEC+ output concerns.
- **Gold**: Jumped 1.5% to $2,050/oz as Fed dovish bets and Middle East risks boosted demand.
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Key Events & Data Today
- **US Non-Farm Payrolls**: Forecast: 180K jobs added (prev. 216K). A miss could fuel rate-cut bets.
- **Amazon & Apple Earnings**: Results likely to dictate tech sector momentum.
- **BOE Rate Decision**: Expected to hold rates at 5.25%, focus on inflation outlook.
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Key Risks & Trends
- **Tech Earnings Volatility**: Apple’s China sales and Amazon’s cloud growth in focus.
- **Middle East Tensions**: Red Sea disruptions and Iran-linked risks threaten oil flows.
- **Central Bank Pivot**: Markets increasingly pricing in Fed/ECB rate cuts by mid-2024.
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Notable Stock Movements
- **Meta Platforms**: +5% pre-market after ad revenue beat.
- **Boeing**: -8% on FAA safety audit delays.
- **Samsung**: -3% as chip demand misses estimates.
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Technical Outlook
- **S&P 500**: Neutral near 4,900. Key support: 4,800; resistance: 4,950.
- **Bitcoin**: Holds $42,000; resistance at $44,000, support at $40,000.
- **EUR/GBP**: Bullish above 0.8600; breakout targets 0.8700.
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Conclusion:
Today’s focus is on US jobs data, tech earnings, and central bank signals. Weak payrolls could fuel risk assets (stocks, gold), while Middle East risks and oil volatility persist.
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