Global shares subdued after US tech earnings disappoint

due at the close of trading on Friday, would also cause some "quirky price action" in tech mega-caps, Spencer said.its heavy weightings of tech giants like Microsoft and Apple - may exacerbate moves in these stocks during the ongoing earnings season, Spencer added. But he also predicted that ever-optimistic tech investors would use sustained price weakness as a "chance to reload.

The U.S. Federal Reserve and the European Central Bank meet next week, with both expected to raise rates again after their most aggressive monetary tightening cycle in decades. Investors had "thought the game was about to be over, but it looks like we are going into extra innings," said Ken Mahoney, chief executive of Mahoney Asset Management. "There will be a lot of destruction in the economy," he added, if the Fed remains resolute to bring inflation down to its target of around 2%.

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