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APAC Daily Digest – July 26, 2022; What's happening in markets and what to consider next
In this final pivotal week of trading for July; markets are bracing for the Federal Reserve meeting that will help Wall Street direct its expectations for the rest of the year. Meanwhile, big tech bellwether earnings reports are ahead for Apple, Alphabet and Microsoft, in this this make or break week, which will either validate the S&P500's 8.3% gain off its low, or see selling pressure return. Sentiment in consumer spending stocks will dampen further on Tuesday after Walmart dropped its profit forecasts for the second time this year, reflecting the pain the consumer is having from inflation. Meanwhile gold giant ... (full story)