新加坡博彩公司总行地址(www.99cx.vip):Wall St Week Ahead-Strong US$ looms over US earnings season

admin 4周前 (09-01) 社会 9 1

新加坡博彩公司总行地址www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。新加坡博彩公司总行地址上最新新加坡博彩公司总行地址会员登录线路、新加坡博彩公司总行地址代理网址更新最快。新加坡博彩公司总行地址开放皇冠官方会员注册、皇冠官方代理开户等业务。

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.

,

皇冠足球平台开户www.hg108.vip)是皇冠体育官网线上开户平台。皇冠足球平台开户面向亚太地区招募代理,开放皇冠信用网代理申请、皇冠现金网代理会员开户等业务。皇冠足球平台开户可下载皇冠官方APP,皇冠APP包括皇冠体育最新代理登录线路、皇冠体育最新会员登录线路。

,

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.

Allbet声明:该文看法仅代表作者自己,与本平台无关。转载请注明:新加坡博彩公司总行地址(www.99cx.vip):Wall St Week Ahead-Strong US$ looms over US earnings season

网友评论

  • (*)

最新评论

站点信息

  • 文章总数:10707
  • 页面总数:0
  • 分类总数:8
  • 标签总数:4241
  • 评论总数:3524
  • 浏览总数:1037848