{"id":584983,"date":"2023-01-27T05:34:27","date_gmt":"2023-01-27T05:34:27","guid":{"rendered":"https:\/\/omni48.com\/?p=584983"},"modified":"2023-01-27T06:43:37","modified_gmt":"2023-01-27T06:43:37","slug":"marketmind-stumbling-away","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/marketmind-stumbling-away","title":{"rendered":"Marketmind: Stumbling away"},"content":{"rendered":"<p>A look at the day ahead in European and global markets from Ankur Banerjee Chip giant Intel&#8217;s (INTC.O) grim earnings report along with mixed U.S data that showed a resilient economy but a labour market that remains tight will likely dominate investors&#8217; minds and dictate Friday&#8217;s trading. The U.S. chip bellwether expects to lose money in the current quarter as two pillars of its success in the past few years &#8212; the PC and data centre businesses &#8212; face slowing demand. &#8220;We stumbled &#8230; we lost momentum,&#8221; said Chief Executive Pat Gelsinger. In contrast, European chipmaker STMicroelectronics cited strong demand from automotive and industrial customers on Thursday as it beat earnings and sales targets. Meanwhile, better-than-estimated U.S. GDP data has provided a fillip to investors for some risk-on rally, with MSCI&#8217;s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) at a nine-month high and set for its best ever January performance. The Japanese yen rose against the dollar after Tokyo&#8217;s<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A look at the day ahead in European and global markets from Ankur Banerjee. Chip giant Intel&#8217;s (INTC.O) grim earnings report along with mixed U.S data that showed a resilient<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,24],"tags":[],"class_list":["post-584983","post","type-post","status-publish","format-standard","hentry","category-news","category-stocks"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/584983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=584983"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/584983\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=584983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=584983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=584983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}