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Us Earnings

All articles tagged with #us earnings

business2 years ago•3 min saved

"Anticipated Earnings Surge Offers Hope for Stock Market Recovery"

Resilient economy and strong consumer demand are expected to contribute to a slight rise in third-quarter US earnings, potentially providing a boost to the stock market. After three quarters of flat or declining profits, a 1.3% increase in earnings is anticipated for S&P 500 companies. The stock market has experienced a rough stretch, with concerns over rising interest rates and the Federal Reserve's monetary policy. However, the positive economic indicators and potential earnings growth could help support equities. Investors will closely monitor earnings reports, particularly from major banks, and pay attention to the technology sector's performance and outlook.

via Reuters|

#business #consumer-demand #interest-rates

finance2 years ago•3 min saved

Tech Earnings Disappoint, European Markets Mixed

European markets were mixed as tech stocks sank 2% on weak U.S. earnings, while mining stocks added 1.4%. The pan-European Stoxx 600 opened slightly lower, with tech stocks dropping 2% following their U.S. counterparts. In Asia-Pacific, Japan's Nikkei 225 led losses after posting its first trade surplus in 23 months. Nasdaq 100 futures slid as Netflix missed second-quarter earnings expectations, and Tesla shares retreated after a warning of a vehicle production slowdown. German producer prices rose slightly in June, and China's state-owned banks were seen buying yuan to slow declines. Goldman Sachs named Chinese stocks likely to benefit from generative AI, while ASML faces risks amid U.S.-China tensions.

via CNBC|

#european-markets #finance #mining-stocks

finance-and-politics2 years ago•2 min saved

Global Markets React to Tech, Banks, Politics, and Economic Concerns

Asian markets are likely to be influenced by US earnings, banking sector woes, debt ceiling developments, and geopolitical events. Mega tech companies like Microsoft and Alphabet have reported upbeat results, while small and regional US banks are struggling. South Korea's President met with US President Biden, and China's Xi Jinping held talks with Ukraine's Volodymyr Zelenskiy. The yuan has overtaken the dollar for cross-border transactions in China, and central banks remain buyers of US Treasuries. Asian markets will also be sensitive to the US debt ceiling standoff.

via Reuters|

#asian-markets #china #debt-ceiling