Monday Market Must-Knows: July 24, 2023

EarningsReports: Ready to Ride the Wave?

In the upcomingweek, expect high market volatility with major companies like Cadence DesignSystems, NXP Semiconductors, Microsoft, General Electric, Verizon, Visa,Google, General Motors, Meta, Thermo Fisher, AT&T, Boeing, Coca-Cola, LambResearch, Union Pacific, Amazon, Intel, Ford, MasterCard, Bristol-Myers Squibb,McDonald's, and Northrop Grumman reporting earnings.

Manufacturing data from various countries, including France, Germany, UK aswell as the EU, will be released on Monday, potentially impacting the pound andthe euro's trading.

The focus will be on the U.S. Federal Reserve's announcements and ChairmanJerome Powell's statements. A rate increase is widely expected, but somespeculate the Fed might pause due to concerns about the economy, unemployment,and inflation. The rate announcement is on Wednesday at 11 AM ET, followed bythe press conference at 2:30 PM ET.

Traders should be prepared for significant market movements driven by earningsreports, manufacturing numbers, and central bank decisions throughout the week.

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