Axiory Market Commentary With Tomasz Wisniewski | Oct 27

By Tomasz Wisniewski|

Published: October 27 2022, 12:31 GMT+0

Axiory Market Commentary With Tomasz Wisniewski | Oct 27

In today’s Market Commentary Tomasz takes a close look at the European Central Bank (ECB), which is expected to raise rates by 75 basis points later this week. This would be the second consecutive jumbo hike and the third increase this year. Also in focus is Meta Platforms Inc, which posted its fourth straight decline in quarterly profit. Investors have been rushing to dump the company’s stock pushing it down 20% and wiping 67 billion USD off its market value.

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