US100 mixed on neutral Fed stance, Trump remarks and Alphabet sell-off 🗽
The futures on Nasdaq 100 (US100) gains slightly as markets react to neutral Fed stance, Trump remarks and Alphabet sell-off driven by Apple focusing on AI search engine in Safari. However, US30 futures ar up 1%, and US500 gains almost 0.5%.
- Fed holds rates at 4.5% level. Fed chair Powell signals economic uncertainty and 'no hurry' to cut rates as long as influence from tariffs policy on the US economy and inflation remains uncertain. Powell commented also that the Fed will not make progress on goals this year if tariffs stay
- Alphabet stock is down more than 8% as Apple in the report signalled that Safari search saw less activity among rising popularity from AI-focused search engines; now the company will focus on AI functionality in Safari. What's even more important for stocks,
- Donald Trump commented that 145% tariffs on China are still on the table, and he is 'not looking on many tariffs exemptions'. However, markets somewhat ignore his stance, looking at it as on potential negotiating tactic.
US100 (D1)
The futures on Nasdaq 100 are up 0.2% today but still traded below EMA200 resistance zone (the red line) at 20183 points and weren't able to rise above that level. However, the final market reaction will be more clear after chair Powell will end the press conference.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app
Source: xStation5
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
