Latest news with #tech earnings
Yahoo
15 hours ago
- Business
- Yahoo
US-EU trade deal, Big Tech earnings, Fed meeting: 3 Things
Here are three stories Wall Street is watching on Monday, July 28. The US and EU have agreed to a framework for a trade deal that includes a 15% tariff on most goods from the EU imported into the US. It's a big week for tech earnings, with Meta (META), Microsoft (MSFT), Apple (AAPL), and Amazon (AMZN) all set to report. It's also a huge week for the economy, with the Federal Reserve announcing its latest decision on interest rates on Wednesday, July 30th and the July jobs report being released on Friday, August, 1. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Let's get to the three things you need to know today. First up, US stock futures pushing higher this morning. That's after the US and European Union reached a trade deal. The EU will accept a 15% tariff on most of its exports to the US, while reducing levies on some American products to zero. European Commission President Ursula von der Leyen hailed the agreement for the stability and predictability that it will offer businesses and consumers. US energy stocks moving higher on the back of the deal as Trump said that the EU agreed to purchase $750 billion in American energy products and invest $600 billion in the US on top of existing expenditures. US defense stocks also on the move as the EU agreed to purchase vast amounts of military equipment from the US, according to Trump. Plus, investors are gearing up for a crucial week of earnings reports. Big tech heavyweights Apple, Amazon, Meta, Microsoft are all set to report. Those four companies worth a combined $11 trillion will give investors a key glimpse into the health of businesses ranging from electronic devices and software to cloud computing and e-commerce. A strong showing is critical to sustaining the S&P 500's rally with Meta and Microsoft among the top three point gainers in the S&P this year. And all eyes will be on the Federal Reserve as well this week as the central bank meets in Washington ahead of its policy announcement on Wednesday. The Fed widely expected to keep rates on hold this week despite immense pressure from the Trump White House to cut interest rates. In addition to the Fed decision, investors will digest data including the July jobs report, GDP consumer spending, PMI, and ISM manufacturing.
Yahoo
6 days ago
- Business
- Yahoo
Tech Investors Prepare for Second Quarter Earnings
With great valuations comes great expectations, says Glenmede Vice President of Investment Strategy Mike Reynolds. He discusses upcoming tech earnings with Caroline Hyde on "Bloomberg Tech". Sign in to access your portfolio
Geek Wire
21-07-2025
- Business
- Geek Wire
Madrona's Matt McIlwain called it: A year later, Microsoft and Amazon are outpacing Apple
Speaking on CNBC this afternoon, Madrona's Matt McIlwain noted that he had been on the business news network a year ago with a contrarian call: bullish on Microsoft and Amazon, skeptical on Apple. For anyone who might have been tempted to see some hometown bias in his past perspective, the 12-month scorecard validates his thesis. Amazon is up 25%, Microsoft up 15%, and Apple is down 5%. The Seattle-based venture capitalist acknowledged being 'a little bit wrong in the short term' but maintained that the performance dispersion between these tech giants will continue. Fueling the gains is the fact that Microsoft and Amazon seem to have persuaded the market about the promise of their long-term bets on artificial intelligence, while Apple has struggled on that front. McIlwain views Apple as facing ongoing challenges, while Google presents the most uncertainty — trading at roughly 20x price-to-earnings compared to 30x for its peers, making it 'the trickiest one to guess.' His broader point: the days of Big Tech moving in lockstep are over. The growing dispersion in performance reflects fundamental differences in their businesses and prospects. The Seattle-based venture capitalist's latest comments come in advance of tech earnings season. Google parent Alphabet reports its results on Wednesday, with Microsoft, Amazon and Apple earnings set for next week. McIlwain also weighed in on the reopening IPO window, highlighting Figma as an ideal candidate to test the market. He expressed cautious optimism about the surge in crypto-related filings following Circle's impressive gain since its June debut. Watch the full segment above from CNBC's 'Closing Bell Overtime.'
Bloomberg
21-07-2025
- Business
- Bloomberg
Tech Investors Prepare for Second Quarter Earnings
With great valuations comes great expectations, says Glenmede Vice President of Investment Strategy Mike Reynolds. He discusses upcoming tech earnings with Caroline Hyde on 'Bloomberg Tech'. (Source: Bloomberg)
Zawya
21-07-2025
- Business
- Zawya
European shares softer as EU mulls US countermeasures; Big Tech in focus
European shares were softer on Monday as markets awaited developments in trade talks, as well as a European Central Bank policy meeting later this week, while U.S. futures were brighter ahead of some major tech earnings. The European Union is exploring a broader set of possible counter-measures against the United States as prospects for an acceptable trade agreement with Washington fade, according to EU diplomats. Investors had been hoping for some progress in trade talks ahead of U.S. President Donald Trump's August 1 tariff deadline, with U.S. Commerce Secretary Howard Lutnick still confident a deal could be reached with the EU. The pan-European benchmark STOXX 600 index was down 0.2% as was the UK's blue-chip FTSE 100. The euro was 0.2% higher at $1.1652. S&P 500 futures edged 0.2% higher, while Nasdaq futures were up 0.3%. U.S. indexes are already around record highs in anticipation of more solid quarterly earnings reports. But tariff uncertainty is also casting a shadow over markets, with Trump's August 1 deadline fast approaching. "Let's say that tariffs are pushed off again from August 1, which I think is the rosiest outcome at this point, then I don't think markets will spike another 10% higher. I'm thinking more that we get a grind higher for the rest of the year," said Oliver Blackbourn, multi-asset portfolio manager at Janus Henderson. Markets, meanwhile, are gearing up for a host of big tech company results this week, including Google owner Alphabet , Tesla and IBM. "They are going to be key for sentiment because frankly there's not a lot else to drive things," said Michael Brown, senior research strategist at Pepperstone. "We saw the banks deliver decent results last week, so you'd certainly be looking for the big tech names to keep up with that to reinforce the bull case (for equities)," he said. Investors also expect upbeat news for defence groups RTX , Lockheed Martin and General Dynamics. Higher government spending around the globe has seen the S&P 500 aerospace and defence sector rise 30% this year, while defence stocks in Europe have also hit record highs. MARKETS UNFAZED BY JAPANESE POLITICS The yen firmed on Monday as markets shrugged off the Japanese ruling coalition's defeat in upper house weekend elections. Japan's ruling coalition lost control of the upper house in an election on Sunday, further weakening Prime Minister Shigeru Ishiba's grip on power ahead of the tariff deadline. Ishiba vowed to stay on, which along with a market holiday, limited the reaction. The yen was 0.77% firmer at 147.655 to the dollar and up 0.5% against the euro . "The loss was within the range of expectations, and actually the outlook was even more pessimistic," said Nissay Research Institute chief economist Tsuyoshi Ueno. "In terms of negotiations with the U.S., it is easy to doubt whether a government with such a weak foundation is reliable as a negotiating partner," he added. "For the Bank of Japan, if there is political instability, it will be difficult to raise interest rates, and pressure on the yen will continue." The BOJ still has a bias to raise rates further, but markets imply little chance of a move until late October. Elsewhere, euro zone government bond yields eased ahead of euro zone PMI data and the ECB meeting later this week, at which it is expected to leave rates at 2% following a string of cuts. The euro dipped 0.5% last week, moving off a recent near-four-year top of $1.1830. The dollar index was 0.3% lower at 98.11. U.S. Treasury yields fell, leaving the yield on the benchmark 10-year note down 5.5 basis points at 4.3757%. Most Federal Reserve policymakers, including Chair Jerome Powell, have indicated leaving U.S. rates unchanged right now is warranted in order to gauge the inflationary impact of tariffs. Markets imply almost no chance of a move in July and place a chance of 61% on a September cut and an 80% chance for October. Powell's reticence on rates has drawn the ire of Trump who threatened to fire the Fed chief, before backing down. The spectre of a potential political appointee who would seek to ease policy sharply has investors on edge. In commodity markets, gold firmed 0.6% to $3,368 an ounce , with all the recent action in platinum, which last week hit its highest since August 2014. Oil prices were caught between the prospect of increased supply from OPEC+ and the risk European Union sanctions against Russia over its war in Ukraine could curb its exports. Brent eased 0.27% to $69.09 a barrel. (Reporting by Wayne Cole in Sydney and Lucy Raitano in London; additional reporting by Naomi Rovnick in London; Editing by Shri Navaratnam, Amanda Cooper and Toby Chopra)
