(Il Sole 24 Ore Radiocor) – After one dips session, conditioned by fears about growth in China and the United States, investors remain at the window, with the European stock exchanges who move uncertain about which direction to take. On the one hand, in fact, there are the fears about growth, the Chinese one in particular (the hope is that Beijing can introduce support measures), and on the other hand there is the hope that the quarterly season bring good news on both sides of the Atlantic. Special observers are the tecnologici, awaiting the accounts of American big techs and after Xiaomi’s leap in China (+ 5.4%), after the company said it intends to mass-produce its electric cars in the first half of 2024 ..
Waiting for the numbers of US big techs
After the big banks, it is the turn of the numbers of the big US techs, much awaited by the market: «The results of the American investment banks have been well beyond the rosiest expectations, thanks to the record commissions on M&A operations. We also expect positive quarterly results from major technology companies, but more in line with expectations and with declining growth rates compared to the very high levels of the previous quarters », says Luigi Nardella of Ceresio Investors. Microsoft, Alphabet and Amazon “continue to benefit from strong demand for their cloud computing services,” he adds. Even Apple and Facebook “should announce good results, despite some recent problems for the supply of the new iPhones and the effects on Facebook of the new privacy settings contained in the latest iOS updates on Apple devices.”