The financial reporting season for US stocks continues This week Microsoft, Tesla, Intel, Boeing and other major companies will release their financial reports one after the other. In addition, the Bank of Japan will release records its monetary policy meeting after last week’s interest rate meeting; a series of economic data this week will also be released, including the manufacturing PMI values of major economies in January and the CPI in the fourth quarter of last year. Here are the important events of the week:
Financial reports from Microsoft, Tesla and Intel kick off the week of tech stock earnings
US stock earnings season began, and the market focused on the performance of technology stocks in the fourth quarter of last year’s calendar year. This week, technology stocks were led by Microsoft (MSFT-US) and Texas Instruments (TXN-US). ) Semiconductor equipment giant ASML (ASML-US) took the lead. ) followed by electric vehicle giants Tesla (TSLA-US), Intel (INTC-US), and telecom giants Verizon (VZ-US), AT&T (T-US). ), Boeing (BA-US) US) are also due to report earnings and issue forecasts.
According to FactSet statistics, as of last week, 11% of the companies in the S&P 500 Index have published their financial reports, and more than 60% of them have revenues and profits that are better than Wall Street’s expectations, namely 70% of the companies are expected to suffer losses, which is the highest average ratio in the last 10 years.
According to FactSet, Wall Street analysts expect the average profit of 500 companies in the first quarter to shrink by 1.1% and revenue to grow by 2.7%, but the average corporate profit is expected to grow by 4.6% and revenue by 1.5. % in the third quarter, and will grow by 10.5% and revenue by 4.6% in the fourth quarter.
Bank of Japan releases minutes of ECB monetary policy meeting Lagarde speaks
After the Bank of Japan raised interest rates without warning in December, the mid-January interest rate meeting remained unchanged, but inflation forecasts rose to reflect companies continuing to pass on raw material prices to consumers, and sticking to the YCC plan . This week, the Bank of Japan is expected to release the minutes of the monetary policy meeting to release more views on interest rates and inflation; at the same time, the President of the European Central Bank Christine Lagarde will also speak on the economic situation.
The PMI indices of major economies such as the United States and Germany are released
After experiencing economic weakness in the second half of last year, major economies such as the United States will release economic data such as manufacturing PMI values this week The market expects the manufacturing boom in France, Germany, and the United Kingdom is expected to rise, and the US manufacturing PMI is also expected to be slightly lower US durable goods orders in December last year are also expected to turn positive from negative growth in the previous month, up 2.5% from November, driven by peak season usage.
