Emerging markets would take cues from the US equity markets. S&P500 results are likely to be better in Q3CY23. Thus, US markets can remain buoyant for some more time despite another two possible rate hikes and would see a decline if the earnings start coming lower than market expectations.
US stocks: S&P, Nasdaq end over 1% higher as AI-fueled optimism weighs
CoreWeave reported strong earnings, easing investor concerns about spending on AI infrastructure and boosting stock prices. Both the S&P 500 and Nasdaq witnessed gains following