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BUSINESS TODAY 26 January 2023

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Name Current Change %Change Open High Low Prev. Value Close US MARKETS DOW JONES 33,852.53 3.07 0.01 33847.80 33933.91 33662.45 33849.46 NASDAQ 10,983.78 -65.72 -0.59 11060.02 11086.02 10944.37 11049.50 EUROPEAN MARKETS FTSE 7,584.03 72.03 0.96 7512.00 7584.53 7512.00 7512.00 CAC 6,722.47 53.50 0.80 6706.67 6734.86 6678.75 6668.97 DAX 14,392.64 37.19 0.26 14429.22 14487.70 14363.32 14355.45 ASIAN MARKETS SGX Nifty 18,894.00 -22.50 -0.12 18916.50 18926.50 18892.00 18916.50 NIKKEI 225 27,968.99 -58.85 -0.21 27886.67 27972.89 27802.71 28027.84 STRAITS TIMES 3,290.49 14.13 0.43 3279.86 3290.56 3270.03 3276.36 HANG SENG 18,597.23 392.55 2.16 18141.56 18645.35 18052.32 18204.68 TAIWAN WEIGHTED 14,879.55 169.91 1.16 14678.23 14879.55 14678.23 14709.64 KOSPI 2,472.53 39.14 1.61 2424.44 2472.53 2421.42 2433.39 SET COMPOSITE 1,635.36 10.97 0.68 1626.14 1636.08 1622.24 1624.39 JAKARTA COMPOSITE 7,081.31 69.24 0.99 7012.11 7081.31 6993.70 7012.07 SHANGHAI COMPOSITE 3,151.34 1.59 0.05 3141.40 3158.57 3137.37 3149.75 26.1.2023 7 MARKETS International Markets Global Indices Trading Date: 25 Jan 2023 Dow Jones, S&P 500, Nasdaq opened lower as quarterly earnings reports send mixed signals WALL Street opened lower on Wednesday as traders prepare for more corporate earnings reports after tech giant Microsoft turned in a mixed performance, with second-quarter earnings beating expectations but rev- enue falling short. Futures for the Dow Jones Industrial Average (DJIA) declined 0.5% in pre-market trading, while those for the broader S&P 500 index dropped 0.7%, and contracts for the Nasdaq-100 fell 1.1%. Shares of software giant Microsoft Corp, which re- ported after the closing bell on Tuesday, were down 2.2% in after-hours trading. While the final quarter of 2022 was more robust than anticipated, AJ Bell invest- ment director Russ Mould noted there is a clear sign of deceleration in the company's Azure cloud computing arm. "Microsoft, like several of its rivals, had already sent a clear message about its view on the immediate outlook by announcing large job cuts – it's not really a surprise to see earnings guidance trimmed accordingly," Mould commented. "A gloomy prognosis on its immediate prospects from Microsoft won't have helped the market's mood and neither will Johnson & Johnson's warnings of a contin- ued impact from inflation," he added. Tesla Inc's earnings and outlook statement, due after the close today, will provide investors with more insight into the electric vehicles maker's decision to cut prices to boost to sales, and the implications for earnings, said Mould. Boeing is also scheduled to report 4Q earnings today, before the market opens Economic data will also be in focus later this week. "Thursday's fourth quarter GDP figures for the US could either reinforce or blow-up expectations for a soft landing for the American economy, with core infla- tion numbers on Friday helping to provide some insight into the Federal Reserve's decision-making ahead of its crunch meeting next week," Mould said. Shares of Microsoft, which reported after the closing bell on Tuesday, were down 2.2% in after-hours trading

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