During the day, the publication of balances. The rise of the dollar led the pharmaceutical Johnson & Johnson cut its adjusted annual earnings forecast IBM Corp. to warn of a nearly $3.5 billion hit. In this context, the actions of IBM fell 5.3% and those of J&J fell 1.5%.
On the other hand, the papers of Halliburton rose after the oil service provider reported a 41% increase in your quarterly earnings adjusted. Also, the toymaker Hasbro Inc. reported a quarterly profit above expectations.
At the same time, Apple shares bounced a 2.7%, after down 2% in the previous sessionwhen a report said the company planned to slow hiring and spending growth next year.
In the second quarter earnings season, Analysts expect the S&P 500’s year-over-year aggregate profit to grow 6%, down from the 6.8% they estimated at the start of the quarter.according to Refinitiv data.
Rising inflation had initially led markets to expect a 100 basis point rise in interest rates at the meeting of the Federal Reserve this month, until some policymakers signaled a 75 basis point increase.
And in the international exchange market, the dollar recorded its third consecutive day of declines, as markets saw less chance of the Federal Reserve raising interest rates by a percentage point this month.
European Stock Exchange
European stocks hit a more than five-week high on Tuesdays, after a report that Russian gas flows to Europe through the Nord Stream 1 pipeline are to resume in time allayed some concerns about a power supply crisis on the mainland.
The sources told Reuters the pipeline, which accounts for more than a third of Russian natural gas exports to the European Union, is expected to resume operation on Thursday, but at less than its capacity of some 160 million cubic meters per year. day.
Among the most representative indicators, the pan-European STOXX 600 index closed with a 1.4% riseits highest level since June 10, recording its third consecutive day of gains and the German DAX rose 2.7%the highest rise among national indices.
Source: Ambito
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