News Summary 2023 Week#04 : Earning

ASIA

• Markets in China and Australia are closed for a holiday
• Bank of Japan emphasizes need to keep current monetary policy.
• Purchases of JGBs as one of many options of action that it can take to keep its yield curve controlled within its tolerance range.
• South Korea’s economy marks first contraction since 2020
• Lithium’s got a strong year ahead of it — and China’s reopening will boost this stock, analyst says [EV]

EUROPE

• European markets closed lower on Wednesday
• data showing improved business sentiment in Germany and an uptick in eurozone services and manufacturing activity.
• Germany’s Ifo says business sentiment is brighter, no technical recession expected
• Germany announces it will send 14 of its Leopard 2 battle tanks to Ukraine
• Arms manufacturer Rheinmetall shares hit all-time high

US

• Tesla reports record revenue and beats on earnings
• Microsoft shares shed after-hours gains, turn negative
• IBM dipped nearly 2% despite exceeding analyst expectations.
• IBM may be taking share from competitors, Link says
• Chevron adds 2.5% following buyback, dividend announcement