Market Rundown: Big Tech Earnings, Global Economy, and Military Spending

Big Tech and Energy Earnings

• 💡 This week, major tech companies including Apple, Amazon, Meta, and Microsoft are scheduled to report their earnings.
• ⚡ Energy giants such as BP, Shell, Chevron, and Exxon Mobile will also release their financial results.
• 📈 The commentary from these firms on tariffs and the global economic outlook will be closely monitored by investors.

Market Sentiment and Global Economy

• 📊 Equity sentiment has seen a lift recently due to a perceived softening of the US administration's trade stance.
• 🌏 Overnight, Asian equities saw only slight gains, European shares opened modestly higher, and Wall Street futures indicate a mixed start.

Notable Stock Movements and Labor Disputes

• 🚀 Deliveroo's share price surged by up to 16% after receiving a $3.6 billion offer from US firm DoorDash.
• ☕ Starbucks faced a rejection of its 2% annualized pay rise offer by the union Workers United, with 81% of representatives opposing it.

Global Military Spending and Geopolitics

• 💰 World military spending reached $2.72 trillion last year, a 9.4% increase from 2023, marking the steepest rise since the Cold War.
• 🌍 This surge is attributed by the Stockholm International Peace Research Institute to heightened geopolitical tensions in the Middle East and Europe.

Canadian Election Update

• 🗳️ Canadians head to the polls today, with the ruling Liberal Party, led by Prime Minister Mark Carney, reportedly leading the opposition Conservatives in opinion polls.