Global tech stocks stage tentative recovery after Meta rout
Tech stocks staged a tentative rebound across financial markets on Friday as stellar results from Amazon (.AMZN) convinced traders not to give up on a sector weakened by a global monetary tightening cycle and the historic crash of Facebook owner Meta.
Analysis: Amazon notches up sunny sales, despite client shift to ‘multicloud’,
Amazon.com Inc has racked up four straight quarters of cloud computing sales growth, a streak analysts are calling impressive and easing concerns that a customer shift toward multiple cloud vendors would hurt its leading market share.
Corteva eyes annual sales above expectations on solid demand
Corteva Inc (CTVA.N) on Wednesday forecast 2022 sales above market expectations as the insecticide and seed maker benefited from strong demand and higher prices.
Insurer MetLife’s quarterly profit beats on higher investment gains
MetLife Inc’s (MET.N) fourth-quarter profit rose nearly 7% to surpass Wall Street estimates on Wednesday, as strong investment gains cushioned the hit from higher pandemic-related claims in some parts of its business.
ECB on hold but may acknowledge inflation risks
The European Central Bank is all but certain to keep policy unchanged on Thursday but could acknowledge that inflation could stay high for longer than it had projected, a signal that some may take as a hint at a faster exit from stimulus.
Banks open fixed income front in Europe’s data price battle
The price of bond market data has risen by half over the past five years, which could prompt some users to quit the market and damage liquidity, industry body AFME said on Thursday.
ING shares dip 4% after earnings; provisions rise on inflation worries
ING Groep NV (INGA.AS) reported higher-than-expected provisions in its fourth quarter earnings report on Thursday, as the largest Dutch bank braced for the impact of higher inflation on customers.
Caterer Compass feeds share price rise with strong revenue recovery
Compass Group (CPG.L), the world’s largest catering firm, said on Thursday its first-quarter revenue was near pre-pandemic levels and stuck to its annual forecast, lifting its shares.
EXCLUSIVE India LIC’s embedded value set at over $66.8 bln, govt official says
State-run Life Insurance Corporation of India’s (LIC) embedded value has been finalised at more than 5 trillion rupees ($66.82 billion), a government official who is overseeing what is expected to be the country’s largest IPO said on Thursday.
Explainer: The U.S. yield curve has been flattening – Why you should care
The U.S. Treasury yield curve has been flattening over the last few months as the Federal Reserve prepares to hike rates, and some analysts are forecasting more extreme moves or even inversion.
