Stock markets today: U.S. futures fall ahead of tech earnings

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 99%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Wall Street futures followed global markets lower Tuesday amid a bevy of U.S. earnings reports and an update on economic growth.

Dozens of the nation's biggest companies, including Microsoft and Amazon, are due to report earnings this week. McDonald's rose before the bel l after the fast food chain reported higher-than-expected sales and profit in the first quarter.

On Thursday, the U.S. releases new data on economic growth during the first three months of the year. Economists believe growth slowed in that time due to interest rate hikes that are being used by the U.S. Federal Reserve to cool stubbornly high inflation. Economists expect growth to slow to 1.9% at an annual rate, down from 2.6% in the final quarter of 2022.

Late Monday, First Republic Bank said its depositors pulled more than US$100 billion out of the bank during last month's crisis, as fears swirled that it could be next. Shares are plunging before the opening bell Thursday. At midday in Europe, the FTSE 100 in London fell 0.3% and the CAC 40 in Paris retreated 0.6%. The DAX in Frankfurt was essentially unchanged.

India's Sensex advanced less than 0.1% to 60,105.07. Singapore and Bangkok declined. New Zealand and Australian markets were closed for a holiday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock markets today: Global stocks lower ahead of U.S. dataGlobal stocks and Wall Street futures declined Monday ahead of a U.S. economic update that is expected to show growth slowing.
Source: CTVNews - 🏆 1. / 99 Read more »