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On April 30th, Amazon (AMZN.O) reported Q1 2026 cloud revenue growth that exceeded Wall Street expectations, primarily driven by increased corporate investment in cloud computing services. Amazon Web Services (AWS) revenue grew 28% to $37.6 billion in Q1 2026, while analysts had previously expected an average increase of 25.08% to $36.61 billion. However, in volatile after-hours trading, the companys stock price fell 2%, and it projected second-quarter operating profit between $20 billion and $24 billion, slightly below the median analyst estimate of $22.62 billion.On April 30th, Microsoft (MSFT.O) reported revenue growth in its cloud business for Q3 of fiscal year 2026, while spending increased less than expected. Microsofts capital expenditures for Q3 of fiscal year 2026 increased by 49% to $31.9 billion, compared to institutional expectations of $34.9 billion. Total capital expenditures for the second quarter were $37.5 billion. Azure cloud computing revenue grew by 40% as expected in the quarter, faster than the 39% growth in the previous three months. This performance may alleviate market concerns: previously, the slow rollout of Microsofts Copilot 365 assistant for enterprises and its over-reliance on OpenAI may have eroded Microsofts early lead in the AI race. Furthermore, this also helps justify data center spending—although this spending has put pressure on cash flow, major cloud providers are expected to invest over $600 billion in AI infrastructure this year.Googles earnings call will begin in ten minutes.Qualcomm (QCOM.O): Leading hyperscale custom chip collaborations are expected to begin initial deliveries later this year. We look forward to providing information on opportunities including data center and physical AI at our Investor Day on June 24.On April 30th, Federal Reserve Chairman Jerome Powell told reporters at the end of his final press conference as Fed chairman on Wednesday, "Wont see you next time." This statement implicitly indicated that Kevin Warsh, not Powell, would be the one to attend the post-meeting press conference at the Feds next policy meeting in mid-June. This playful remark also confirmed Powells earlier promise: although he plans to continue serving as a Fed governor for some time after his term expires in May—due to concerns about the Trump administrations continued attacks on the Feds independence—he will not attempt to act as a "shadow chairman" to undermine Warshs authority.

Fears of Stagflation Caused by Tightening Policies Increase As Asian Stocks Fluctuate

Haiden Holmes

Jun 15, 2022 11:11

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Asia-Pacific stocks were mixed this morning, Wednesday. Ahead of a U.S. Federal Reserve meeting that is likely to provide strong tightening decisions, U.S. share markets continued to decline.


Nikkei 225 dropped 0.67 percent at 10:49 PM ET (2:49 AM GMT).


The KOSPI decreased by 1.21 percent.


Australia's ASX 200 index declined 0.38 percent.


Hong Kong's Hang Seng gained 1.14 percent .


Shenzhen Component rose 0.49 percent and Shanghai Composite rose 0.90 percent.


China's industrial output climbed by 0.7% year-over-year in May, according to statistics released on Wednesday, which was marginally higher than market estimates. In April, a decrease of 2.9% was seen, whereas Investing.com had expected a decrease of 0.7%.


Nonetheless, as Beijing saw clusters of COVID-19 breakouts, the city's officials warned on Tuesday that the city was in a "race against time," heightening concerns that the reinstatement of harsh restrictions might harm the city's economy and global supply chain.


The S&P 500 finished down for the fifth consecutive day due to concerns that Fed measures to tighten monetary policy to calm raging inflation might lead to stagflation.


Investors are now betting on aggressive interest rate rises, such as 75 basis points from the Fed, which would be the largest increase since 1004


Steve Englander, director of global G10 FX research at Standard Chartered Bank, wrote in a note, "Inflation is front and center in the headlines and asset markets, and few are voicing worry about over tightening the monetary policy."

After their greatest decline in decades, Treasuries stabilized. Two-year rates recovered after reaching a level not seen since 2007, while 10-year yields retreated from around 3.5 percent.


Barbara Ann Bernard, chief investment officer of Wincrest Capital Ltd., told Bloomberg, "The sooner they are explicit about how rapidly they would increase interest rates and what amount of inflation they consider acceptable, the sooner the markets will settle down."


The Bank of England will announce its policy decision on Thursday, while the Bank of Japan will announce its decision on Friday.


Bitcoin's value on the cryptocurrency market steadied at $22,000.


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