Market Dynamics: From UK Budget to Big Tech

Wednesday is set to be an eventful day for investors with a slew of major market-moving events, including the UK budget, Big Tech earnings, and growth figures from the U.S. and Europe. Additionally, bitcoin is nearing a record high, and the EU has decided to increase tariffs on Chinese electric vehicles.

Wednesday promises to be a pivotal day for investors as a comprehensive calendar of significant market-moving events is slated for release. These include earnings reports from banking giants and leading tech companies, the unveiling of the UK budget, as well as key economic data from both the U.S. and Europe.

Adding to the day's complexity, bitcoin is approaching a new record high, while the European Union has decided to hike tariffs on electric vehicles produced in China. Concurrently, fresh polls have highlighted the high stakes in the upcoming U.S. presidential election, which appears to be heading for a tight finish.

Market participants are poised for cautious trading, especially as the UK reveals its first budget under a Labour government in 14 years. Meanwhile, the technology sector continues to define market optimism, with key earnings from Meta Platforms and Microsoft sought after for indicators on the broader economic momentum.

(With inputs from agencies.)