Акциялар кулап, Microsoft Signals Darker Tech Outlook: Markets Wrap

(Bloomberg) — Equity markets slipped on Wednesday after tech giant Microsoft Corp. and a slew of other major firms forecast slowing earnings, while lackluster US business activity data reminded investors of the likelihood of recession in the world’s biggest economy.

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Contracts for the Nasdaq 100 fell more than 0.5%, after a two-day rally in the underlying index ground to a halt on Tuesday when Microsoft warned of decelerating revenue growth in its cloud-computing business. Earnings reports from companies such 3M Co. and chipmaker Texas Instruments Inc. also reinforced concerns about the health of corporate America and added to investors’ jitters as they await updates from the likes of Tesla Inc. and IBM Corp.

Europe’s Stoxx 600 equity index weakened too, with shares in major software firms such as SAP SE and Sage Group Plc. feeling the heat from Microsoft and Dutch chip-tool maker ASML Holding NV posting a profit miss.

“The risks that dominated 2022 trading would seem to still pose major hurdles to a lasting equity bull market; namely, economic uncertainty, approaching recession, and a hawkish Fed actively wanting to keep financial conditions from loosening,” Bank of America strategists told clients in a note.

The Federal Reserve is widely expected to raise interest rates by 25 basis points at its upcoming meeting and expectations it will soon wind down its policy-tightening cycle have weighed on the dollar and Treasury yields. The dollar, down around 1.8% this year, was hurt on Tuesday by data showing US business activity still in contractionary territory.

However, the greenback’s gauge held around flat on Wednesday, as the yen, euro and pound retreated and the global market mood soured.

үзгүлтүксүз Story

The euro slipped for the first time in six sessions, while the pound edged lower as data showed sharp declines in factory costs, fanning speculation that the Bank of England is close to completing its rate-hiking cycle. The Australian dollar on the other hand jumped to the highest since August after scorching inflation figures, that boosted rate-hike bets and sent 10-year Australian yields soaring about 10 basis points.

Elsewhere, oil prices steadied after Tuesday’s sharp decline caused by the weak US business activity, while gold inched lower after recent gains that pushed the precious metal to the highest level since April.Bitcoin fell as much as 2.5% and faced its first two-day drop this year.

Бул аптада негизги окуялар:

• Earnings for the week include: Abbott Laboratories, ASML Holding, AT&T, Boeing, International Business Machines, NextEra Energy, Tesla (Wednesday); American Airlines, Blackstone, Comcast, Diageo, Intel, LVMH Moet Hennessy Louis Vuitton, Mastercard, SAP, Southwest Airlines, Visa (Thursday); American Express, Charter Communications, Chevron, HCA Healthcare (Friday)

• АКШнын MBA ипотекалык арыздары, Philadelphia Fed өндүрүштүк эмес ишмердүүлүк, Шаршемби

• US fourth-quarter GDP, new home sales, initial jobless claims, Thursday

• US personal income/spending, PCE deflator, University of Michigan consumer sentiment, pending home sales, Friday

Базардагы негизги кадамдардын кээ бири:

запасы

• S&P 500 фьючерстери Нью-Йорк убактысы боюнча саат 0.3:3ге карата 37% төмөндөдү

• Nasdaq 100 фьючерстери 0.6% төмөндөдү

• Dow Jones Industrial Average келечеги 0.2% га төмөндөдү

• Stoxx Europe 600 0.1% төмөндөдү

• MSCI World индекси бир аз өзгөргөн

• S&P 500 фьючерстери 0.3% төмөндөдү

• Nasdaq 100 фьючерстери 0.6% төмөндөдү

• MSCI Азия Тынч океан индекси 0.3% жогорулады

• MSCI өнүгүп жаткан рыноктор индекси 0.2% жогорулады

Акчалар

• Bloomberg Dollar Spot Index анча деле өзгөргөн жок

• Евро 1.0889 долларга аз өзгөрдү

• Британ фунту 1.2327 долларга аз өзгөрдү

• Жапон йени бир аз өзгөрүп, бир доллар 130.27 га чыкты

• Оффшордук юань 0.1% жогорулап, 6.7746 доллар үчүн XNUMX болду

Cryptocurrencies

• Bitcoin 0.9% га төмөндөп, 22,690.21 XNUMX долларды түздү

• Этер 3% га төмөндөп, 1,551.68 долларды түзөт

байланыштар

• 10 жылдык казына кирешеси бир пунктка төмөндөп, 3.44%

• Германиянын 10 жылдык кирешелүүлүгү үч базалык пунктка төмөндөп, 2.13% түздү.

• Британиянын 10 жылдык кирешеси төрт базистик пунктка төмөндөп, 3.23% ды түздү.

баалануу

• West Texas Intermediate мунайынын баасы 0.2% га жогорулап, баррели 80.33 долларга чыкты

• Алтын фьючерстери 0.1% га төмөндөп, унцийи 1,949.60 долларга жетти

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