Stocks flop on feeble earnings reports, oil in the doldrums

LONDON, July 24 - Stocks sagged worldwide on Wednesday as earnings from Tesla, Alphabet and European luxury brands disappointed, while oil prices traded near-six week lows as summer demand failed to surge.

MSCI's broadest index of Asia-Pacific shares outside Japan , lost 0.32%, while Japan's Nikkei , fell 1%. Shares of Google-parent Alphabet , slipped in after-hours trade even as the firm beat revenue and profit targets. Brent crude futures for September rose 84 cents, or 1%, to $81.83 a barrel by 1147 GMT. U.S. West Texas Intermediate crude for September increased 93 cents, or 1.21%, to $77.89 per barrel.

A growing majority of economists in a Reuters poll said the Fed would likely cut rates twice this year, in September and December, as resilient U.S. consumer demand warrants a cautious approach despite easing inflation. Traders suspect Tokyo intervened in the currency market in early July to yank the yen higher, with estimates from BOJ data indicating authorities may have spent roughly 6 trillion yen .

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Why bad news is good news in a bull market: Stocks in TranslationThe major indexes (^DJI,^GSPC, ^IXIC) are in a record-smashing year as bullish calls on the S&P 500 pile up. RBC recently revised its S&P 500 (^GSPC) target ...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

BlackRock bullish on U.K. stocks after elections, Japan stocks are top playBlackRock Investment Institute said in a mid-year outlook report that the prospect of higher-for-longer interest rates made inflation-linked bonds attractive
Fonte: globeandmail - 🏆 5. / 92 Consulte Mais informação »

Stock market news today: Stocks slip en route to sharp weekly losses for S&P 500, NasdaqStocks are facing another rough ride after a global IT outage hit businesses worldwide, with weekly losses in play.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Stock market news today: Nasdaq leads stocks higher after Biden backs outInvestors are surveying a changed political landscape after Biden called off his re-election bid, assessing what it could mean for the Trump trade.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Stock market news today: US stocks waver amid earnings flood, with Big Tech on deckA marquee earnings day brings Big Tech results, in focus as investors assess the future of this year's rally.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Stock market news today: US stocks rise amid earnings flood, with Big Tech on deckA marquee earnings day brings Big Tech results, in focus as investors assess the future of this year's rally.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »