19 min listen
Equities: Q3 earnings, China restart, and the robust economy
FromSaxo Market Call
ratings:
Length:
16 minutes
Released:
Oct 25, 2023
Format:
Podcast episode
Description
Today we discuss the Q3 earnings season and in particularly earnings yesterday from Microsoft and Alphabet (Google) with Microsoft being the big winner according to investors as the cloud business grew faster than estimated at 24% y/y while Google's cloud business disappointed. On a positive note, advertising revenue growth from both Google and Snap suggest that companies remain positive on their outlook for the economy. In China, Xi Jinping visited the PBoC for the first during his leadership and new economic aid measures are being launched, but the market is still not buying the turnaround case on China. Finally, we talk about the recent economic figures confirming a robust US economy and early signs that Europe's economy might be turning around, with Peter Garnry.
Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here.
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Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here.
Click here to open an account with Saxo
Released:
Oct 25, 2023
Format:
Podcast episode
Titles in the series (100)
Will US jobs report extend current momentum?: Link to slide deck: https://bit.ly/3L6i4WN - Markets are calm ahead of today's US August Nonfarm Payrolls report which is expected to show continuous job gains in the US economy. In today's podcast we discuss the positive week in global equities le... by Saxo Market Call