Shares Fall, 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.

រឿងរ៉ាវនៅតែបន្ត

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.

ព្រឹត្តិការណ៍សំខាន់ៗក្នុងសប្តាហ៍នេះ៖

• 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)

• US MBA mortgage applications, Philadelphia Fed non-manufacturing activity, Wednesday

• 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

ចលនាសំខាន់ៗមួយចំនួននៅលើទីផ្សារ៖

ភាគហ៊ុន

• S&P 500 futures fell 0.3% as of 3:37 a.m. New York time

• Nasdaq 100 នាពេលអនាគតបានធ្លាក់ចុះ 0.6%

• អនាគតនៅលើឧស្សាហកម្ម Dow Jones បានធ្លាក់ចុះ ០,៤%

• Stoxx Europe 600 បានធ្លាក់ចុះ 0.1%

• The MSCI World index was little changed

• អនាគត S&P 500 បានធ្លាក់ចុះ 0.3%

• Nasdaq 100 នាពេលអនាគតបានធ្លាក់ចុះ 0.6%

• សន្ទស្សន៍ MSCI Asia Pacific Index បានកើនឡើង 0.3%

• សន្ទស្សន៍ MSCI Emerging Markets បានកើនឡើង 0.2%

រូបិយប័ណ្ណ

• សន្ទស្សន៍ប្រាក់ដុល្លារ Bloomberg មានការផ្លាស់ប្តូរបន្តិចបន្តួច

• ប្រាក់អឺរ៉ូត្រូវបានផ្លាស់ប្តូរតិចតួចនៅតម្លៃ ១.១៧២៣ ដុល្លារ

• ប្រាក់ផោនអង់គ្លេសបានផ្លាស់ប្តូរតិចតួចនៅ $1.2327

• ប្រាក់យ៉េនជប៉ុនត្រូវបានផ្លាស់ប្តូរបន្តិចបន្តួចក្នុងតម្លៃ ១១១,៤៩ ក្នុងមួយដុល្លារ

• ប្រាក់យន់នៅឯនាយសមុទ្របានកើនឡើង 0.1% ដល់ 6.7746 ក្នុងមួយដុល្លារ

រូបិយប័ណ្ណ Cryptocurities

• Bitcoin បានធ្លាក់ចុះ 0.9% ទៅ 22,690.21 ដុល្លារ

• អេធើរបានធ្លាក់ចុះ 3% ដល់ 1,551.68 ដុល្លារ

មូលបត្របំណុល

• ទិន្នផលនៅលើរតនាគាររយៈពេល 10 ឆ្នាំបានធ្លាក់ចុះចំណុចមូលដ្ឋានមួយទៅ 3.44%

• ទិន្នផល 10 ឆ្នាំរបស់អាឡឺម៉ង់បានធ្លាក់ចុះ 2.13 ចំណុចមូលដ្ឋានដល់ XNUMX%

• ទិន្នផល 10 ឆ្នាំរបស់ចក្រភពអង់គ្លេសបានធ្លាក់ចុះ 3.23 ចំណុចជាមូលដ្ឋានដល់ XNUMX%

ទំនិញ

• ប្រេងឆៅកម្រិតមធ្យម West Texas បានកើនឡើង ០,៩% ស្មើនឹង ៧៣,៩៦ ដុល្លារក្នុងមួយធុង

• មាសអនាគតបានធ្លាក់ថ្លៃ ០,១% មកនៅត្រឹម ១ ៧៤៧,៧០ ដុល្លារក្នុងមួយអោន

រឿងនេះត្រូវបានផលិតឡើងដោយមានជំនួយពី Bloomberg Automation ។

- ដោយមានជំនួយពី Richard Henderson ។

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