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Market Insights Podcast (Episode 324)

Jonny Hart looks back on the week's business and markets news with OANDA Senior Market Analyst Ed Moya in New York. This week they discuss how financial markets reacted to the surprise contraction with first quarter US GDP, Apple and Amazon earnings, and oil markets, including Exxon and Chevron quarterly earnings reports. They also discuss what the week ahead has in store for financial markets.

29-04-2022 14:55 GMT by Edward Moya

US Close - Stocks tumble after massive tech earnings, Oil surges, Gold rebounds as dollar rally exhausted, Bitcoin struggles

US stocks did not stand a chance after mega-cap tech earnings disappointed and a record quarterly gain for Fed Chair Powell’s closely watched employment cost index. Rate hike bets continue to pile up ahead of next week’s FOMC decision. Surging wage pressures could be what is needed to make the Fed even more aggressive with tightening at the June and July Fed meetings. Tech Earnings Apple shares are under pressure as supply constraints could impact this quarter’s sales by up to $8 billion. I

29-04-2022 14:25 GMT by Edward Moya