The worse-than-expected earnings may press Walmart down!
Asia stocks grow with greenback
On Wednesday, Asian stocks grew ahead, while the greenback along with commodities held revenues as market participants shook off disappointment about Donald Trump's failed healthcare bill and also focused on an improving outlook for global surge.
The good cheer didn’t extend to the British pound which turned to be on the skids as the British government sent a letter to Brussels. It was a formal start of the country's exit from the European Union.
MSCI's broadest index of Asia-Pacific stocks outside Japan soared 0.2% and back toward recent 21-month highs. Australia's main index grew 0.8% to its highest value since mid-2015.
Japan's Nikkei N225 gained 0.1%, with a number of ex-dividend shares dropping about 130 points from the index. Spreadbetters pointed to modest opening revenues for European bourses, while S&P 500 futures gained 0.1%.
The British pound dipped 0.3%, hitting $1.2414 after British Prime Minister Theresa May signed a letter, which notifies the European Union of the UK’s intention to leave the bloc.
Twitter reported encouraging earnings results. Cisco's earnings beat estimates, but revenue declined for the fifth quarter in a row.
Stocks rise and drop on their earnings reports. Let's review those which reported recently.
The giant chip maker exceeded analysts’ expectations. Even with a global GPU shortage!
OPEC will hold a meeting on March 4, where it should announce its decision on further oil output.
The risk-on is back on the market as investors focus on the projections for a stronger-than-expected economic rebound and the Fed’s pledge to prolong support for the rest of the year.