Market Movements as Tech Titans Reveal Earnings Amid Inflation Forecasts

Tech giants like Apple and Amazon prepare to release their earnings, with investors anxiously watching amid increased AI investment costs. European bank earnings and inflation figures are also under scrutiny, influencing central bank rate decisions. Meanwhile, U.S. election outcomes could further impact global economic strategies.

The spotlight shines on mega-tech earnings this Thursday as markets await new data, following the Bank of Japan's decision to maintain its policy.

Apple and Amazon, two of the notable 'Magnificent 7,' are set to release their financial results. Investors remain alert after Meta and Microsoft indicated rising costs due to AI investments, a concern accentuated by Alphabet's earlier remarks on sustained expenditures in AI.

European markets focus on banks, with major players like BNP Paribas and SocGen reporting results while central banks closely monitor inflation trends. In the U.S., the Fed's decisions next week hinge on inflation metrics, compounded by apprehensions about the upcoming election results.

(With inputs from agencies.)