Morning Bid: BOJ hikes, Fed next
Investors in Europe will wake up to a volatile yen after the BOJ raised interest rates in a long-awaited move and a growing divide in the AI world following contrasting earnings from tech bellwether Microsoft (NASDAQ:
With the BOJ out of the way, investors will now be waiting for the Federal Reserve to indicate that rate cuts in the U.S. are around the corner even if the central bank stands pat on rates later on Wednesday. Meanwhile, quarterly results from major tech firms are highlighting a divide in the AI landscape as chipmaker Advanced Micro Devices (NASDAQ:In contrast, Microsoft disappointed investors with its slow cloud growth suggesting that the payoff from the billions in AI investments may take longer than investors might have hoped.
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