Sterling steady, gilts yields hold higher as Reeves delivers spending review

TradingKey - Storage chip manufacturer SanDisk (SNDK) will release its fiscal 2026 third-quarter results after the market close on Thursday, April 30. Market consensus expects revenue of approximately $4.65 billion and adjusted earnings per share (EPS) of about $14.30. SanDisk’s own guidance provided a revenue range of $4.4 billion to $4.8 billion and adjusted EPS of $12 to $14. By comparison, the company’s second-quarter revenue was $3.025 billion. The market will focus on whether enterprise storage demand driven by AI infrastructure can maintain its explosive growth and the sustainability of NAND price increases.

In early Asian trading on April 27, driven by positive earnings expectations for U.S. tech companies, demand for AI-related stocks such as chips and semiconductors surged, propelling Japanese and South Korean equity markets to record highs. The Nikkei 225 Index touched an intraday high of 60,348.83 points; as of press time, it was up 0.7% at 60,135.21 points. South Korea's KOSPI Index reached a session high of 6,603.01 points and remained up 1.66% at 6,583.07 points as of press time.

Explore the Tesla stock forecast for 2030. This analysis covers TSLA’s pivot to AI, Robotaxis, and Optimus robotics, evaluating bull and bear cases for the $3,000 price target. Gain insights into market cap projections and key growth drivers for long-term investors.

TradingKey - The Federal Reserve is scheduled to hold its monetary policy meeting on April 28-29, with the market widely expecting interest rates to be maintained between 3.50% and 3.75% for the third consecutive time. CME FedWatch data indicates that the market has fully priced in expectations for the Fed to hold steady this month.

TradingKey - On April 21, Beijing time, SK Hynix shares rose nearly 5% during Tuesday’s intraday trading, with the stock price exceeding 1.22 million KRW for the first time to hit an all-time high. The KOSPI index also refreshed its record, reaching 6,355.39 points during the session. The global memory chip industry is currently in a long-cycle upswing, and SK Hynix is one of the primary beneficiaries.