{"id":27322,"date":"2022-10-26T05:41:30","date_gmt":"2022-10-26T05:41:30","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/10\/26\/european-markets-seen-lower-with-tech-stocks-in-focus\/"},"modified":"2022-10-26T05:41:30","modified_gmt":"2022-10-26T05:41:30","slug":"european-markets-seen-lower-with-tech-stocks-in-focus","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/10\/26\/european-markets-seen-lower-with-tech-stocks-in-focus\/","title":{"rendered":"European Markets Seen Lower With Tech Stocks In Focus"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks may open lower on Wednesday, with tech stocks likely to be in focus after Alphabet and Microsoft posted disappointing earnings results. <\/p>\n<p>Google parent Alphabet said it would slow hiring and control expenses after earnings and revenue missed expectations.<\/p>\n<p>Microsoft Corp, which is battling a slumping PC market and a strong dollar, forecast second-quarter revenue below Wall Street targets across its <span class=\"landLinks\">business<\/span> units.<\/p>\n<p>Earnings from Apple and Amazon are scheduled for Thursday.<\/p>\n<p>Asian <span class=\"landLinks\">markets<\/span> followed Wall Street higher amid signs that longer-term yields may have peaked and that Fed rate increases are already working to slow the world&#8217;s largest <span class=\"landLinks\">economy<\/span>. <\/p>\n<p>The dollar flirted with a three-week low versus major peers, while the British pound hung close to the six-week peak reached on Tuesday after new Prime Minister Rishi Sunak pledged to lead the country out of a &#8220;profound economic crisis&#8221;.<\/p>\n<p>Gold traded slightly higher while oil prices fell after industry data showed U.S. crude oil stockpiles rose more than expected in the week ended Oct. 21.<\/p>\n<p>Overnight, U.S. stocks rallied to score a three-day winning streak after a sharp pullback by Treasury yields and better than expected third quarter earnings from the likes of General Motors and Coca-Cola.<\/p>\n<p>The Dow rose 1.1 percent, the tech-heavy Nasdaq Composite jumped 2.3 percent and the S&amp;P 500 added 1.6 percent to reach their best closing levels in over a month as weak data on housing prices and consumer confidence stoked hopes the Fed will slow its aggressive pace of interest rate hikes.<\/p>\n<p>European stocks closed higher on Tuesday as investors digested a slew of strong earnings updates and looked ahead to upcoming policy announcements from the ECB and the Federal Reserve.<\/p>\n<p>The pan-European STOXX 600 index rose 1.4 percent to close at its highest level since Sept 20. The German DAX gained 0.9 percent and France&#8217;s CAC 40 index climbed 1.9 percent while the U.K.&#8217;s FTSE 100 ended marginally lower. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>European Markets Seen Lower With Tech Stocks In Focus<\/a><br \/>\n<br \/>2022-10-26 05:41:30<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks may open lower on Wednesday, with tech stocks likely to be in focus after Alphabet and Microsoft posted disappointing earnings results. Google parent Alphabet said it would slow&#8230;<\/p>\n","protected":false},"author":2,"featured_media":27323,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-27322","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/27322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=27322"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/27322\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/27323"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=27322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=27322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=27322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}