Company results buffer equities from Fed decision worries

An employee passes share price information displayed on an electronic ticker board inside the London Stock Exchange Group’s offices in London, the UK. Picture: BLOOMBERG VIA GETTY IMAGES/LUKE MACGREGORBetter-than-expected earnings from a raft of US and European companies helped steady global stock markets on Wednesday, cutting through gloom caused by rising interest rates and the threat of an energy crunch due to Russian gas supply cuts.

Futures for the US S&P 500 and Nasdaq and rose 1% to 1.5%, while a pan-European equity index was up 0.4% . A range of sectors reported solid earnings too, from carmaker Mercedes-Benz and luxury firm LVMH to energy firm Equinor and food producer Danone. Indosuez’s Manuel noted industrials and consumer discretionary firms better reflected the pressures than tech and healthcare companies.Growth and inflation

"[Company earnings] are helping equities but bonds are pricing in more economic weakness than equity markets,” Nordea chief analyst Jan von Gerich said. The supply shortfalls and possible energy rationing were among issues highlighted by the International Monetary Fund on Tuesday, when it cut global growth forecasts.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Business Maverick: US futures up on earnings, while Asia stocks dip pre-Fed: Markets wrapUS equity futures rallied on Wednesday after resilient earnings from Google parent Alphabet and an upbeat outlook from Microsoft helped alleviate some of the wider caution in markets. I am super excited right now, I can now pay my bills and take good care of my family.. Thank you for bringing happiness to my home with just R10,000 i got R100,000 in 7days James_Alderson8
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »

Business Maverick: China tech lifts Asian stocks from pre-Fed torpor: Markets wrapStocks in Asia received a fillip on Tuesday from China’s technology sector, helping to alleviate some of the caution in global markets ahead of a hotly anticipated Federal Reserve interest-rate hike.
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »