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Mega Cap Earnings

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Mega-cap earnings set the tone for a mixed premarket as energy profits climb
markets1 month ago

Mega-cap earnings set the tone for a mixed premarket as energy profits climb

US stock futures tick higher before Friday’s open as Amazon tops revenue estimates with booming AWS growth and Apple cautions on near-term guidance despite iPhone strength; Microsoft surges after a big day, while ExxonMobil and Chevron report robust Q2 profits thanks to elevated crude prices. A high-profile AI-focused hedge fund, Situational Awareness, is unwinding, and Trump’s push for tariffs on Iran adds a geopolitical twist to sanctions talks. The IPO market remains selective, with Reformation essentially flat on its debut and Jersey Mike’s opening below its offer price as more founders stay private.

via CNBC|
#geopolitics#markets#mega-cap-earnings
"Middle East tensions and rising yields weigh on Asia shares"
finance2 years ago

"Middle East tensions and rising yields weigh on Asia shares"

The benchmark 10-year Treasury yield rose above 5%, reaching its highest level since 2007, as a strong U.S. economy led investors to expect high interest rates for an extended period. This, combined with concerns over a wider conflict in the Middle East, pushed global shares to seven-month lows. The surge in bond yields has tightened monetary conditions without central banks taking action, allowing the Federal Reserve to signal it will likely stay on hold at its policy meeting next week. Mega-cap companies such as Microsoft, Alphabet, Amazon, and Meta Platforms are set to report earnings this week, supported by strong consumer demand. The U.S. dollar remains strong, and the European Central Bank is expected to leave interest rates unchanged.

via Reuters|
#finance#global-bond-sell-off#mega-cap-earnings