“Tech giant’s surprising earnings report sends stocks soaring, highlighting the growing importance of data-driven decision making in the ever-changing stock market landscape.”
European markets are set for a mixed open as investors await key data releases, including preliminary euro zone inflation data for October and third-quarter gross domestic product (GDP). German GDP recorded a 0.1% quarterly decline, which was slightly better than expected. Inflation in Germany was estimated at 3.8% for October, the lowest since August 2021. On an EU-harmonized basis, prices fell 0.2% month on month. In Asia-Pacific markets, Japan stocks recovered after the Bank of Japan’s monetary policy decision, while other regional markets fell due to unexpected contraction in China’s manufacturing activity. U.S. stock futures also edged lower after a relief rally in the previous session.
