Asian Markets Eye Positive Open, Tech in Focus: Markets Wrap [BNN Bloomberg (Canada)]
Microsoft Corporation (MSFT)
Last microsoft corporation earnings: 4/29 04:06 pm
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Source: BNN Bloomberg
Equity futures in Australia, South Korea and China point to early gains, while those in Hong Kong slipped. US contracts nudged higher after the S&P 500 rose 1% on Friday. Japan's markets are shut for a holiday while yen traders remain alert to efforts to support the currency that's at its weakest in more than three decades. Asia technology stocks may move in early trading after earnings from Microsoft Corp. and Google's parent Alphabet Inc. last week sent a clear message that spending on artificial intelligence and cloud computing is paying off. The rally in tech shares has helped trim the drop in global stocks this month to 2.7%, the first monthly loss since October, amid concerns over lingering inflation pressures and conflict in the Middle East. While the correction could be over, “there is a significant risk that it's just a bounce from oversold conditions,” said Shane Oliver, chief economist and head of investment strategy at AMP Ltd. Still, any further selloff is unlikely t
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