31st July – Markets digest huge night of Earnings, Interest rates & Tariff announcements

Huge session for markets overnight with Microsoft and Meta Earnings, Tariff/trade policy and central banks all active in the news. Mark Gardner from MPC Markets provides a comprehensive overview of the current market landscape,focusing on key events such as the Federal Reserve's decision to hold rates, significant earnings reports from tech giants Microsoft and Meta, and the implications of Trump's copper tariffs. He discusses the volatility in commodities, particularly copper, and analyzes the potential long-term effects of these policies on the market. The conversation also touches on theperformance of equities, the future of major tech companies, and upcoming economic indicators.TakeawaysThe Federal Reserve's decision tohold rates was more hawkish than expected.Microsoft and Meta reportedoutstanding earnings, significantly impacting their stock prices.Trump's copper tariffs, whileinitially alarming, may present buying opportunities in the long run.BHP's operations are less affectedby US copper tariffs than initially thought.The performance of mega-cap techcompanies is overshadowing smaller stocks in the market.Microsoft's Azure cloud servicesare gaining traction, impacting competitors like Amazon.Apple's lack of innovation posesrisks to its market position in the coming years.Meta's data capabilities positionit well in the AI landscape.Upcoming earnings reports will becrucial for market direction.