Meta Platforms, Microsoft, and Tesla reported earnings after the market close on January 28, 2026, covering Q4 2025 results for Meta and Tesla, and Q2 FY2026 results for Microsoft. Overall, the reports delivered a mixed set of beats, underscoring continued optimism around AI while exposing growing divergence in how effectively each company is deploying capital. […]
After months of relatively subdued volatility in FX markets, conditions have shifted abruptly. Over the past four sessions, the USD Index has recorded its worst performance since April 2025 (the days following the initial tariff announcements). With a -0.83% decline yesterday, the greenback has depreciated to levels last seen four years ago, in February 2022. […]
Yesterday we discussed the movements in the JPY, and as anticipated, today we will briefly cover their relevance for global risk markets and the global benchmark, the SP500 The Japanese banking and insurance sectors are among the largest and most important in the world. As of 2024, Japanese banks held approximately USD 17 trillion in […]
In recent years, it has happened on several occasions that Japanese monetary and government authorities (often in coordination with their counterparts) begin to express concern when USD/JPY moves above the 150 level and step into the FX market to stabilize the domestic currency as it approaches the 160 area. The first intervention took place in […]
It has been a few days since we last discussed one of the hottest topics in the market and on everyone’s lips: the relentlessly rising price of gold. Yesterday, gold closed up 3.79%, reaching USD 4,959. Gold is not the only commodity whose price chart is taking on a parabolic or near-vertical shape. In recent […]
It is quite striking to see how Nasdaq valuations have managed to remain so elevated, standing just 3.27% below all-time highs after yesterday’s strong rebound to 25,326 (+1.36%). We highlight this in light of the less-than-stellar recent performance of its major constituents, namely the large-cap tech stocks. Yesterday we discussed Apple, the second-largest component of […]
The company that has reshaped multiple industries and the daily lives of billions of people requires little introduction. Over the past decades, the iPod, iPhone, and iPad have fundamentally redefined how music is consumed, how and where information is accessed, and how users navigate the internet. However, for several years now—arguably since the passing of […]
While global attention is focused with a degree of apprehension on the fratricidal dispute within NATO triggered by the Greenland issue, and markets attempt to assess the potential implications of reciprocal tariff threats between countries on opposite sides of the Atlantic alliance, a number of other significant events and meetings are scheduled for this week. […]
According to reports circulated last week, initially by Japanese broadcaster NHK, Japan’s Prime Minister Sanae Takaichi is planning to dissolve parliament this week and call a snap general election, with February 8 being considered as a possible election date. Japan’s first female prime minister, Takaichi aims to capitalise on the surge in public support for […]
As anticipated in this week’s Weekly Outlook, the U.S. earnings season has begun, as usual led by the banking sector. Expectations were relatively elevated, as banks typically provide a reliable read-through on the overall state of the economy and credit conditions. In addition, sector performance since mid-November 2025 has been decidedly strong: the Invesco KBW […]
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