U.S. retail earnings reports are poised to reveal the economic impact of fluctuating tariffs and assess the stock market’s recovery. Walmart’s warning about potential price increases due to tariffs has heightened investor scrutiny of retailers’ responses to the evolving trade landscape. These reports will also provide insights into consumer spending, a crucial component of the U.S.
Asian stocks advance as Fed’s rate cut lifts mood
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.