哈希游戏
热门标签

哈希游戏:Wall St Week Ahead-Strong US$ looms over US earnings season

时间:2周前   阅读:5   评论:4

哈希游戏www.hx198.vip)采用波场区块链高度哈希值作为统计数据,游戏数据开源、公平、无任何作弊可能性,哈希游戏开放单双哈希、幸运哈希、哈希定位胆、哈希牛牛等游戏源码下载、出售。

The U.S. currency stands near a 20-year high against a basket of its peers .DXY and is up 15.1% in the past year, lifted by a hawkish Federal Reserve and investors seeking shelter from turbulent markets.

NEW YORK: Companies reporting earnings in coming weeks are likely to mention one common factor gouging their results: the strong dollar.

The U.S. currency stands near a 20-year high against a basket of its peers .DXY and is up 15.1% in the past year, lifted by a hawkish Federal Reserve and investors seeking shelter from turbulent markets.

A strong dollar can be a headwind for U.S. companies as it makes exporters’ products less competitive abroad and hurts multinationals that need to convert their foreign profits back into the U.S. currency.

Each percentage point of year-on-year increase in the U.S. Dollar Index .DXY, which measures the dollar against six other currencies, translates to a 0.5 percentage point hit to S&P 500 earnings growth, analysts at MorganStanley estimated.

"You seemingly can't get a break right now. We're starting to get some relief from oil prices, but you've still got the dollar banging on you," said Bill Stone, chief investment officer at the Glenview Trust Company.

International Business Machines Corp IBM.N, Netflix Inc NFLX.O and Johnson & Johnson JNJ.N were among the companies that in the past week cited the dollar’s strength as a headwind, with Johnson & Johnson joining Microsoft Corp MSFT.O by cutting its guidance due to the impact of the greenback’s rise.

,

皇冠会员手机管理端www.hg9988.vip)是一个开放皇冠会员手机管理端即时比分、皇冠网址代理最新登录线路、皇冠网址会员最新登录线路、皇冠网址代理APP下载、皇冠网址会员APP下载、皇冠网址线路APP下载、皇冠网址电脑版下载、皇冠网址手机版下载的皇冠新现金网平台。

,

Next week’s results from Apple Inc AAPL.O, Microsoft Corp MSFT.O, Coca-Cola Co KO.N and a slew of other companies will give investors a better picture of how businesses are holding up in the face of the strong dollar and soaring inflation.

Investors are also awaiting what the Fed will have to say on those topics at its monetary policy meeting next week, at which it is widely expected to deliver another jumbo-sized 75 basis-point rate increase. Read full story

DOLLAR DOLDRUMS

Overall, some 40% of S&P 500 revenues come from overseas, data from FactSet showed. Information technology leads all sectors with 58% of revenues derived internationally, followed by materials with 56%, while utilities companies source just 2% of their revenues out of the United States, according to FactSet.

The dollar’s strength threatens to combine with high inflation, supply chain issues and other factors to weigh on earnings, analysts said.

“The rate of change on the dollar exhibits a strong negative correlation over time vs. S&P 500 earnings revisions. USD strength comes at an inopportune time for corporates already facing margin pressure and increasingly weaker demand,” Morgan Stanley’s analysts wrote.

So far, 5.1% of the S&P 500 companies that have reported their second quarter results have posted earnings above expectations, nearly half the average of 9.5% over the prior four quarters, according to Refintiv data.

上一篇:皇冠官网 --(www.hg108.vip)

下一篇:Telegram群组导航(www.tg888.vip):Treasure Global announces upsized IPO pricing

网友评论

  • 2022-09-16 00:18:21

    He said the state government’s determination can be seen through several significant achievements last year, including recording the highest ever state revenue at RM5.449 billion.没毛病

  • 2023-01-13 00:43:24

    “The centre, which was opened at 9pm on Thursday, housed a total of 58 victims from 19 families, and all of them have been allowed to go home. 我词穷了,反正很好