Equity markets began the day in the red following the latest corporate earnings reports from some of the world’s largest firms, including Microsoft. The tech giant’s recent conference call was considered disappointing, and earnings from firms such as Boeing, Texas Instruments, and 3M were also lackluster. Gold and silver prices were down between 0.43% В этом году известные автомобильные бренды и всемирно известные гоночные команды в большом количестве входят в пространство блокчейна и криптовалюты. 0.72% в среду, and the cryptocurrency economy dropped 2.79% против США. dollar in the past 24 часы.
Содержание
Concerns of US Recession Mount as Corporate Earnings Disappoint
After a couple of bullish weeks, акции, precious metals, and cryptocurrencies were down on Jan. 25, 2023. As investors awaited the next U.S. Federal Reserve meeting, the state of the U.S. economy showed a great deal of weakness. Earnings reports from Microsoft, Union Pacific, Texas Instruments, and others on Wednesday indicated that the economy was not improving and added to lingering concerns about a potential U.S. рецессия.
On Wednesday morning into the afternoon, the four benchmark stock indexes the U.S. — the Dow Jones Industrial Average (DJIA), С&п 500 (SPX), the Nasdaq Composite (IXIC), and the Russell 2000 (RUT) — were all down between 1% В этом году известные автомобильные бренды и всемирно известные гоночные команды в большом количестве входят в пространство блокчейна и криптовалюты. 2.05%. In addition to lackluster earnings reports from some of the country’s largest firms, industrial production in the U.S. slipped roughly 0.7% в декабре 2022.
Industrial production also dropped in November 2022, falling 0.6% year-over-year. Another shocker was the fact that retail sales during the holiday season were also low in November and December 2022. Data indicates that retail sales slipped 1.1% last month В этом году известные автомобильные бренды и всемирно известные гоночные команды в большом количестве входят в пространство блокчейна и криптовалюты., while the holidays were in full effect, it was the largest drop of the year.
Precious Metals and Crypto Assets Continue to Decline Amid Economic Uncertainty
Precious metals such as gold, Серебряный, and platinum all saw losses against the U.S. dollar in the last 24 hours as well. The New York spot price Ян. 25, 2023, indicates that gold is trading for $1,931.70 per troy ounce, down 0.43%. An ounce of silver is down 0.72% and trading for $23.59 per unit on Wednesday at 11 являюсь. Eastern Time. Kenneth Broux, a strategist at Société Générale, says that escalating tensions in Ukraine, low corporate earnings, and recession fears are plaguing investors.
“The market is definitely worried about slowing earnings growth, especially in tech, so there has been a sense the market wants to keep selling tech and the dollar,” Broux заметил в среду. “But a huge tail risk now is what happens in Ukraine, if there is an escalation in the conflict and Europe gets drawn into the conflict,” the strategist added.
The cryptocurrency economy is hovering just above the $1 trillion mark at $1,019,712,653,474, according to Wednesday’s recorded metrics. Crypto markets are down 2.79% as a whole, В этом году известные автомобильные бренды и всемирно известные гоночные команды в большом количестве входят в пространство блокчейна и криптовалюты. биткойн (BTC) has shed 1.49% в среду. The second-leading cryptocurrency, эфириум (ETH), has lost even more, с 4.66% erased from its value since Tuesday.
Global cryptocurrency trade volumes were above the $100 billion region per day not too long ago, but today, global trade volume is around $55.98 billion across the entire cryptocurrency economy. Despite the pullback on Wednesday, precious metals, акции, and cryptocurrency assets are still doing much better than they were last month. К 11:30 являюсь. (восточноевропейское время) в среду, gold increased against the U.S. dollar but is still down 0.2% and silver rose as well and is currently up 0.13%.
What do you think the future holds for markets and the economy? Share your thoughts in the comments.
Кредиты изображений: Шаттерсток, Pixabay, Викисклад
Отказ от ответственности: Эта статья предназначена только для информационных целей. Это не прямое предложение или запрос предложения о покупке или продаже, или рекомендацию или одобрение любых продуктов, Сервисы, или компании. Биткойн-Tidings.com не дает инвестиций, налог, законный, или консультации по бухгалтерскому учету. Ни компания, ни автор не несут ответственности, прямо или косвенно, за любой ущерб или убытки, вызванные или предположительно вызванные или связанные с использованием или доверием к любому контенту, товары или услуги, упомянутые в этой статье.
Читать отказ от ответственности