among them, an outperforming tech sector and a resilient labour market. the federal reserve has a role too. so far it s been able to cool inflation without tipping the economy into a recession. that s called a soft landing and it s buoying wall street. stocks are rallying in anticipation of interest rate cuts that the fed has signalled this year, which would let interest rates fall from a 22 year high. when interest rates go down, it makes it cheaper for businesses and individuals to borrow money. so spending increases and usually that makes stock prices go up. meanwhile, it s a different story for the chinese stock markets, which have been struggling in the new year. chinese premier li qiang pledged to take forceful and effective action to support market confidence. shares in mainland china and in hong kong have been hovering at their lowest points in as many years. this comes despite somewhat upbeat signals at the end of last year. for more on what we can expect from china,
the wind moves than five clear manchester city and aston villa and city have a game in hand despite missing some big names due to injury liverpool boss is pleased with how his site is reacting. pleased with how his site is reactinu. , ., , reacting. everything was better. so reacting. everything was better. so we reacting. everything was better. so we put - reacting. everything was better. so we put them | reacting. everything was - better. so we put them under pressure and scored some wonderful goes and we all know sometimes it is an angel on the foot and all these balls, something, it was well plate anyway. impacts from the bench again as well so, it turned into a pretty good evening. i think we were really good. to keep think we were really good. to keep the think we were really good. to keep the game more or less levelled keep the game more or less levelled and we had more chances levelled and we had more chancesin levelled and we had more chances in the first
record more than a year ago. the dow and nasdaq also closing higher. i spoke to tribeca investment partners, who told me what s driving the rally. 2024 we re heading to a good start. certainly, the investor optimism has returned after the first couple of weeks of a little bit of weakness. investors have decided 2024 is going to be a year where interest rates will head lower locally and the economic activity will slow down but not as bad as feared previously, so all that combined, it s good to see the nasdaq pushing higher, led by big tech, and everybody else heading the right way. big tech we re hearing some good things, some lay offs as well? sure. i do think big tech is going through for 2024, certainly they ve had a great start, but i do think they will slow down somewhat because of the things you talk to. their earnings were slowed somewhat because costs are higher. i do think that the ai related sectors within the big tech will do betterjust because there s a pheno
partners, who told me what s driving the rally. 2024 we re heading to a good start. certainly the investor optimism has returned after the first couple of weeks of a little bit of weakness. investors have decided 2024 is going to be a year where interest rates will head lower locally and the economic activity will slow down, but not as bad as feared previously. so all that combined, it s good to see the nasdaq pushing higher, led by big tech, and everybody else heading the right way. big tech we re hearing some good things, some lay offs as well? sure. i do think big tech is going through for 2024, certainly they ve had a great start, but i do think they will slow down somewhat because of the things you talk to. their earnings were slowed somewhat because costs are higher. i do think that the ai related sectors within the big tech will do better just because there s a phenomenal amount of growth. but every part of big tech is going to experience slowdown because of high
and automatic forfeits for teams whose supporters shout racist abuse. hello and welcome to sportsday i m hugh ferris. here s the best of what s coming up on the programme four goals. five points clear. liverpool extend their lead at the top of the premier league with victory at bournemouth. chelsea do the same in the wsl. a laurenjames hattrick provides the leaders with a win over manchester united. and no chance against novak. the ten time champion hits top form as he heads to the quarter finals of the australian open. also coming up on sportsday. sale sharks slip out of the champions cup after being blown away by holders la rochelle. we ll have the results from the competition s final group stage games. and england will be without harry brook for their test seires in india the batter s heading home for personal reasons. hello again. with a game to go of the premier league s staggered winter break, liverpool are going to end it five points clear at the top of the table