Market Pulse
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▲ Bullish
FED
Fed’s Powell says rate cut ‘on the table’ as soon as September
The Federal Reserve's Chairman Powell stated that a rate cut is possible as early as September, which could lead to increased borrowing and spending, thus boosting the US economy. This news may positively impact US equity prices as lower interest rates can make borrowing cheaper and increase consumer spending.
▲ Bullish
FED
Powell says labor market not a source of significant inflation pressure
Federal Reserve Chairman Powell stated that the labor market is not a significant source of inflation pressure, which could lead to the Fed maintaining its current monetary policy stance. This news may have a positive impact on US equity prices as it reduces the likelihood of aggressive interest rate hikes.
▲ Bullish
CONSUMER
Abercrombie & Fitch beats quarterly profit estimates on strong apparel demand
Abercrombie & Fitch reported better-than-expected quarterly profits, driven by strong demand for apparel, which may indicate a positive trend for the retail sector. This news could boost US equity prices, particularly for retail stocks, as it suggests consumer spending remains robust.
▲ Bullish
CONSUMER
Capri bets on Michael Kors revival to forecast annual profit above estimates
Capri, the parent company of Michael Kors, forecasted annual profits above estimates, driven by a planned revival of the Michael Kors brand, which may indicate a positive trend for the luxury retail sector. This news could boost US equity prices, particularly for luxury retail stocks, as it suggests a potential turnaround for the brand.