eToroTeam
๐Ÿ“ฐ WEEKLY ANALYST: Utilities Take the Lead! ๐Ÿš€ Check out this weekโ€™s market overview from eToroโ€™s global analyst team, packed with the latest market data and investment insights! ๐Ÿ’ผ ๐Ÿ›‘ Risky Assets Slip, US Bonds in the Spotlight ๐Ÿ›‘ It was a rough week for risky assets! Major equities in the US, Europe, and Japan took a hit, dropping 3-6% ๐Ÿ“‰. $OIL and $BTC werenโ€™t spared either, both down by 7% ๐Ÿ›ข๏ธ๐Ÿ’ฐ. But there was one safe haven โ€“ US Treasuries! The TLT bond ETF surged by 3% ๐Ÿ“ˆ. ๐Ÿ‘€ Fed Watch: Whatโ€™s Next? Investors are wary of the Fed's next move as concerns of a slowdown grow. With a rate cut decision and an updated dot plot expected on September 18th, markets are bracing for volatility. Will the Fed go for a 0.25% or 0.50% cut? The odds are 70% for a smaller cut. Stay tuned! ๐Ÿ•ต๏ธโ€โ™‚๏ธ ๐Ÿ“† Key Events to Watch This Week Monday: Appleโ€™s iPhone 16 launch ๐Ÿ“ฑ โ€“ will Chinese competitors steal the show? Tuesday: Trump vs. Harris debate ๐Ÿ—ณ๏ธ โ€“ sparks will fly in the ABC studio! Thursday: ECB rate decision ๐Ÿ’ถ โ€“ all eyes on Christine Lagarde for future guidance. ๐Ÿ“ˆ Sector Spotlight: Utilities Shine! After being last in 2023, Utilities have rocketed to the top in 2024, boasting a 21% earnings growth in Q2 . Financial Services follow with 17%, while last yearโ€™s stars, Tech and Consumer Discretionary, struggle to keep up. Energy is barely hanging on with a 1% return. Time to electrify everything? โšก ๐Ÿ” ECB Under Pressure: Lagarde's Next Move With the ECB expected to cut rates by 25 bps, will Lagarde shift her tone amidst easing inflation and economic recovery? A dovish outlook could pressure the euro but boost the DAX and STOXX 600 ๐Ÿ“‰๐Ÿ“Š. ๐Ÿ“‰ US Inflation: Will It Drop Further? Wednesdayโ€™s US CPI report is crucial! Headline inflation is forecasted to dip to 2.6%, the lowest since March 2021. But can we rely on it? The strong services sector poses a risk ๐Ÿฆ. ๐ŸŽ‰ Earnings & Events Apple iPhone 16 launch (Sept. 9) ๐Ÿ“ฑ Microsoft CoPilot AI update (Sept. 16) ๐Ÿค– Trump-Harris Debate (Sept. 10) Chinaโ€™s Trade Data, UK GDP & Unemployment, US CPI & PPI, ECB Decision โ€“ all lined up this week! ๐Ÿ—“๏ธ Big Earnings Ahead: $ORCL (Oracle Corporation), $GME (GameStop Corp.), $ADBE (Adobe Systems Inc) report earnings. Keep an eye on $DELL (Dell Technologies Inc C) and $PLTR (Palantir Technologies Inc.) as they enter the S&P 500 on Sept. 20 ๐Ÿš€. ๐Ÿ“ข Stay informed, stay ahead! Keep following our feed for the latest updates, insights, and market movements! For more information and updates on the markets, donโ€™t forget to follow our eToro Analysts: @AntoineFraysse , @majorusa, @Analista-eToro, @jwesth, @xmolinaj, @JPvOudheusden, @joshgilbert9, @pmajtkowski, @samnorth7, @Nezatron, @Bretman
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