Microsoft and technology annoy Wall Street and the Paris Stock Exchange

Microsoft is the grain of sand that will hinder the upward momentum of the Parisian market? The US computer giant released its second-quarter results on Tuesday, following the shutdown on Wall Street. While the performance exceeded expectations, thanks to the sustained demand in the “cloud”, which more than offset the decline in sales of personal computers, the group has warned that its business will be less buoyant than expected this quarter. Revenue could be more than $1 billion lower than expected. Faced with this slowdown, Microsoft, like many others in “tech”, will lay off. 10,000 jobs, equivalent to about 5% of the world’s workforce, are under threat. This gave the creeps: the Microsoft stock fell by 3.3% on the stock exchange.

In its wake, it carries Apple (-1.6%) and Alphabet (-3.6%) in New York, as well as, in Paris, Dassault systems (-1.79%) or Teleperformance (-1%). “ Microsoft’s results paint a more realistic picture of the outlook for the year than investors seemed to have been persuaded. Job cuts, lower than expected revenues and pessimistic forecasts are fast becoming the norm observes Craig Erlam, market analyst at Oanda. After the American banks, the Gafams are next on the list and “ if we refer to Microsoft, we are facing difficult times “, he adds.

Germany should escape the recession

In closing, the Bedroom 40 manages to resist, losing only 0.09%, at 7,043.88 points. However, this is its fourth session of declines since January 1 (for 14 gains). In New York, the Dow Jones loses 1% and the Nasdaq Composite 1.6%. In addition to Microsoft, the American rating enshrines the achievements of boeing (-2.5%). The aircraft maker suffered a loss of $663 million in the fourth quarter, impacted by supply chain issues, but rebounding aircraft sales and orders buoyed revenue. IBM And You are here they will publish their results after the US shutdown.

Disappointing corporate results overshadowed the pleasant surprise related to the improving business climate in Germany. The Ifo index in fact stood at 90.2 points in January (+1.6 points), confirming that the leading economy in the Eurozone should avoid recession. This is in line with new predictions from the German government’s annual economic report, which it predicts 0.2% growth this year and no longer a contraction. Perversely, the renewed investor confidence strengthens the idea in the European Central Bank (ECB) that it can continue to raise its reference rates to fight inflation.