Some of the world's largest companies are expected to present their second-quarter results in October.
Tech giants Meta and Microsoft on October 24, Apple and Amazon on October 26, and Google on October 30. Currently, the possibility of an even more severe global economic slowdown hangs in the air, and lackluster earnings could further add to the uncertainty.
Given the unprecedented nature of the US Federal Reserve tightening and the growing macroeconomic uncertainty.
Because their products become more expensive in other countries and the reduction in income from abroad has a negative impact on the results. Google, for example, is expected to grow revenue by less than 10%, up from 40% growth in 2021.
The strengthening of the dollar especially punishes companies listed on the US stock exchange.
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