Day: February 4, 2023
4th Quarterly Miss in Q4 Shares in Google parent company Alphabet are down around 5% ahead of the open today as traders digest the company’s Q4 earnings reported late yesterday. The company undershot both EPS and revenues forecasts with EPS of -$1.05 vs $1.17 forecast and revenues of $76.04 billion vs $76.17 forecast. Underwhelming Q4 […]
US Jobs Up Next On the back of the FOMC meeting this week, today’s US jobs report will draw plenty of attention. However, instead of the headline NFP results, the bigger focus will likely be on wage growth data. With the Fed having pivoted to a smaller .25% hike this time around, and sounding more […]
US equities posted a good performance on Thursday, with the SPX almost testing 4200 points and NASDAQ jumping 3.56%, very close to 13000 points, the highest level since the end of August. The FOMC meeting was a nothingburger with the FOMC statement and Powell comments indicating a strong bias towards a much less hawkish stance, […]
MSCI Makes New Ground It’s been a busy week for markets across the board this with plenty of volatility to enjoy and with the NFP still to come, there might still be more volatility yet. With plenty of action in US earnings as well as the February FOMC, BOE and ECB meetings, we’ve seen a […]
Daily Market Outlook, February 3, 2023 Trifecta of Tech Disappointment Weighs On Risk Sentiment Ahead of NFP’s Asian equity markets took their lead from a late day slide on Wall Street as gains were conceded into the close of trade, although US markets ultimately posted solid returns on the day, they finished well off their […]