Markets mixed worldwide as investors eye US economic clues, megatech earnings due this week

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Global Stock Markets News

US Economic Data,Magnificent Seven

LONDON, Oct 30 — Global stock markets diverged yesterday as many investors sat on their hands ahead of a slew of US economic data releases and tech earnings, and as bond yields...

Putrajaya gives private firm RM83.76m fund to set up Melaka stage buses in five-year deal, transport minister calls it ‘vital service’

Long-term maintenance strategies for Gombak Tunnel will be developed due to Selangor’s vulnerability to natural disasters, says Selangor MBThe stock markets are waiting for five of the 'Magnificent Seven' US tech giants that will report over the next three days, including Amazon, Apple, Facebook-parent Meta, and Microsoft.

“When a mega-cap stock reports earnings, the stock market pays extra attention not only to the report itself, but also to any guidance,” said Patrick O’Hare, an analyst at Briefing.com. Together, they should provide more clues about the health of the world’s largest economy and the direction of the Federal Reserve’s interest rate policy.

“The relentless climb in Treasury yields continues and threatens to overshadow any news, good or bad, on the earnings front,” he said.The London, Paris and Frankfurt stock markets all closed lower yesterday while Asian markets ended mixed. Oil prices initially recovered some of Monday’s losses after the US government said it would add to its Strategic Petroleum Reserve, but then resumed their recent slide on expectations of a coming over-supply.

 

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