Dirhams & Dollars

The world’s three largest tech companies will be under the microscope this week as markets wait to hear if their performances will live up to the hype. Can Amazon continue to grow its e-commerce business at double digit rate? Will Facebook see any impact from the ongoing concern that it spreads fake news? And just what is driving Google’s stock, which is up almost 30 per cent on the year. Maybe all three companies will impress us. After all, Netflix proved last week that some tech results are certainly backed by solid performance, but it they fail to impress, it could rise concerns over another dreaded tech bubble forming in the markets. After all, the Fed will be meeting this week, and Janet Yellen and crew will certainly be looking at whether it should continue its cheap-money policy.