Tech Sector Rises as Markets Await Fed Decision
Optimism over Anthropic's IPO boosts global stocks ahead of the US monetary policy meeting.
Macroeconomics Editor: Fabricio Marcilio 1 min read
The technology sector is posting gains for the second consecutive day. This movement is supported by the announcement of Anthropic's initial public offering. Optimism regarding artificial intelligence influenced markets in Asia and Europe overnight.
Investor attention is shifting toward the two-day Federal Reserve meeting. Expectations point to interest rates remaining unchanged during this round. Analysts predict that the tone of the statement could pave the way for a hike in December.
Global companies are reporting mixed quarterly results. HSBC posted profits below expectations and saw its shares fall in London and Hong Kong. Conversely, Novartis raised its earnings forecast and Coca-Cola also revised its projections upward.
Microsoft has launched a voluntary severance program for approximately 60,000 employees. The measure seeks to balance high investments in artificial intelligence infrastructure with capital efficiency. The plan covers workers in several countries including the United States and India.
Boeing reported a reduction in its quarterly loss due to the performance of its defense sector. The market is monitoring these corporate figures while awaiting the final decision from the American monetary authority next Wednesday.
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