Twitter and Intel Earnings Lift Nasdaq 100. APAC Stocks to Open Mixed
NASDAQ 100, HANG SENG, ASX 200 INDEX OUTLOOK:
Both Twitter and Intel beat EPS estimates, but Intel’s forward guidance disappointed investors
Asia-Pacific markets are positioned to open mixed. Japanese markets are shut for a holiday
Twitter, Intel, Jobless Claims, Asia-Pacific at Open:
Wall Street equities edged toward all-time highs on Thursday as investors digested strong corporate earnings amid revitalized reflation hopes. Asia-Pacific markets however, may continue to trail behind US peers due to the spread of the Delta variant of Covid-19 in the region.
The US earnings season has fared well so far, with around 86% of S&P 500 companies beating analysts’ EPS forecasts. 22 out of 25 companies reported earnings on Thursday have delivered positive surprises, including Twitter and Intel. Here is a quick update: