{"id":1979253,"date":"2023-07-21T07:34:02","date_gmt":"2023-07-21T11:34:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/global-shares-subdued-after-us-tech-earnings-disappoint\/"},"modified":"2023-07-21T07:39:07","modified_gmt":"2023-07-21T11:39:07","slug":"global-shares-subdued-after-us-tech-earnings-disappoint","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/global-shares-subdued-after-us-tech-earnings-disappoint\/","title":{"rendered":"Global shares remain subdued following disappointing earnings from US tech companies."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fglobal-shares-subdued-after-us-tech-earnings-disappoint%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1979253&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><strong>Global stocks\u200d edge lower after disappointing tech earnings<\/strong><\/p>\n<p>By Naomi Rovnick and Stella Qiu<\/p>\n<p>LONDON, SYDNEY (Reuters) &#8211; Global stocks edged lower on Friday after disappointing tech \u200cearnings sapped \u2063risk appetite, while the dollar soared against \u2062the yen after a report \u200dthat the Bank of Japan is leaning towards keeping its yield curve\u200c control policy in place next week.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>The MSCI World \u200dindex of global shares, which has risen more than 16% this year, dipped 0.3%. Europe\u2019s STOXX \u200d600 was flat and Germany\u2019s tech-heavy Dax slipped 0.3%.<\/p>\n<p>Following steep\u200c post-earnings plunges in Tesla \u2064and Netflix earlier in the week and chipmaker TSMC warning of a drop in 2023\u2063 sales, \u2063a sub-index of European technology shares lost 0.9%.<\/p>\n<p>The moves came \u200bafter Wall Street\u2019s tech-heavy Nasdaq share index  fell 2% on Thursday, its biggest one-day loss since March. Investors took profits amid concerns\u200b about \u200c<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/shareholder-regulator-pushback-ended-ubs-wealthfront-deal-sonntagszeitung-reports\/\" title=\"Shareholder, regulator pushback ended UBS-Wealthfront deal, SonntagsZeitung reports\">tech stock valuations<\/a>, which have been supported by exuberance \u200babout the potential of artificial\u200c intelligence that has helped the Nasdaq gain about 40% year-to-date.<\/p>\n<p>\u201cThe market got very over-bought,\u201d said Patrick Spencer, vice chair of equities\u2064 at Baird. \u201cIf you haven\u2019t played this market, you\u2019ve missed\u2063 out.\u201d<\/p>\n<p>A special rebalancing of the multi-trillion dollar Nasdaq 100 \u200ddue at \u2062the close of \u2062trading on Friday, would also cause some \u201cquirky price action\u201d in tech mega-caps, Spencer said.<\/p>\n<p>The overhaul of the index \u200b\u2013 designed to reduce its heavy weightings of tech giants like Microsoft and\u2064 Apple \u2013 may exacerbate moves in these\u2063 stocks during the ongoing earnings season, Spencer added. But he also \u2063predicted that ever-optimistic tech investors would use sustained price weakness as a \u201cchance to reload.\u201d<\/p>\n<p>Futures trading indicated the S&#038;P and the Nasdaq 100 would each add around\u2063 0.2% in early New \u200cYork dealings.<\/p>\n<h2>YEN ON THE RUN<\/h2>\n<p>The\u2063 dollar headed for\u2064 its largest one-day rise against the yen in a month after sources familiar with the Bank of Japan\u2019s thinking said central bank officials were\u2063 leaning towards \u2062maintaining its yield-control policy at next week\u2019s policy meeting.<\/p>\n<p>\u201cMarkets were\u2062 building up expectations,\u201d for an end \u200dto ultra-dovish BoJ policy, \u201cwhich now looks unlikely to play out,\u201d said Guillaume Paillat, a multi-asset manager at Aviva Investors.<\/p>\n<p>The dollar jumped 1.3% on the day to purchase 141.8 yen, its biggest rise since late April. Just a week ago, it\u2062 was trading below 138.<\/p>\n<p>Japan\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/global-shares-subdued-after-us-tech-earnings-disappoint\/\" title=\"Global shares remain subdued following disappointing earnings from US tech companies.\">benchmark 10-year government bond yield sank 5\u2063 bps<\/a>\u2064 to\u200d 0.41%, the lowest \u2064level since July 6, \u200bright \u200bbefore speculation for a\u2062 hawkish tweak to policy this month began to ramp up.<\/p>\n<p>The U.S. Federal Reserve and the European Central Bank also meet next week, with both expected to raise rates\u2063 again after their most aggressive\u2064 monetary tightening cycle in decades.<\/p>\n<p>The Fed\u2019s outlook will be watched \u2062closely as the U.S. central bank \u2064balances above-target inflation in an economy that appears to be plodding along, with the \u2063potential for rate rises implemented so far to cause\u200c a deep recession.<\/p>\n<p>In bond markets, Treasuries settled down after spending the previous session braced for more Fed hawkishness \u2064in response to an unexpected drop \u2063in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jobless-claims-increase-again-pausing-downward-trend-with-biggest-jump-since-march\/\" title=\"Jobless Claims Increase Again, Pausing Downward Trend With Biggest Jump Since March\">weekly unemployment claims<\/a>.<\/p>\n<p>Two-year Treasury yields, which track interest rate expectations, were flat on the day at around 4.84% in European trading.<\/p>\n<p>Ten-year Treasury yields were flat at 3.854% after spiking 11\u200d bps the previous day.<\/p>\n<p>Elsewhere, oil prices were higher. Brent crude futures\u200d were\u200d up\u2062 1% at $80.41 per\u200d barrel and U.S. \u200dWest Texas Intermediate crude futures rose 1% to $76.40.<\/p>\n<p>Gold prices were flat at $1,970 per ounce.<\/p>\n<p>  (Reporting by Naomi Rovnick and \u200dStella Qiu; Editing by Lincoln Feast, Jane Merriman and Conor Humphries)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/global-shares-subdued-after\/attachment\/german-share-price-index-dax-graph-is-pictured-at-the\/\"><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/global-shares-subdued-after\/attachment\/a-man-walks-past-an-electric-monitor-displaying-japans-nikkei-2\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Recording Artists Natasha Owens responds to Jason Aldean \u2064and CMT \u201ccontroversy\u201d with anti-woke and \u200cconservative music.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>News Commentator \u2064and Podcaster, \u2064Jess Weber, discusses the latest assault\u2064 on our \u2064language, \u200dmorals and values.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Pastor Tom Hughes and Pastor Billy Crone discuss the striking predictions in\u200c the \u2064Bible and modern day life. We discuss end\u200b times prophecies and \u200chow we are truly living in the last days.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Pastor Tom Hughes and Pastor Billy Crone discuss the \u2063striking predictions in the Bible and modern day life. We discuss\u200d end \u2062times prophecies and how we are \u200ctruly living in the last days.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Georgina Lee and Faith Hung HONG KONG\/TAIPEI (Reuters) &#8211; Investors are putting aside geopolitical tensions to pile in\u200d to Taiwan stocks, with\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Diane Bartz and Krystal Hu WASHINGTON\/NEW YORK (Reuters) \u2013 Top AI companies including OpenAI, Alphabet and Meta Platforms have made voluntary\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Sam Nussey and Miho Uranaka TOKYO \u2063(Reuters) \u2013 Taiwan chipmaker Powerchip Semiconductor Manufacturing Corp aims to list a joint venture being\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>STOCKHOLM (Reuters) \u2013 OpenAI\u2019s head of trust and safety \u2063Dave Willner is leaving \u200cthe company, he said in a LinkedIn post on\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Global stocks dipped on Friday as underwhelming tech earnings dampened investor sentiment, while the dollar surged against the yen on news that the Bank of Japan is likely to maintain its yield curve control policy. The MSCI World index was affected by these developments.<\/p>\n","protected":false},"author":66,"featured_media":1979254,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1979253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1979253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1979253"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1979253\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1979254"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1979253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1979253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1979253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}