Global Markets Stabilize Amid Biden's Exit and Focus on Corporate Earnings, Rate Cuts

  • 2 months ago
World markets stabilized on Tuesday as investors shifted focus to corporate earnings and economic data following Joe Biden's exit from the U.S. presidential race.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:03World markets stabilized on Tuesday as investors shifted focus to corporate earnings and economic
00:07data following Joe Biden's exit from the U.S. presidential race.
00:11This development has introduced uncertainty regarding a Republican victory under Donald
00:15Trump potentially affecting fiscal and inflationary expectations.
00:20Vice President Kamala Harris is set to campaign in Wisconsin and the presumed Democratic nominee.
00:25Attention remains on central banks, with markets anticipating two U.S. rate cuts this
00:29year.
00:30U.S. Treasury yields slightly decreased, and upcoming GDP data is expected to show growth
00:35in the second quarter.
00:37Gold prices remain steady at around $2,400.
00:40For all things money, visit Benzinga.com.

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