Dell Technologies Stock Slips Despite Strong Earnings Reports, While Markets Globally Mixed

Dell Technologies stock fell by 17%, despite the company reporting strong quarterly results. The company’s revenues increased by 6% to $22.24 billion, exceeding analysts’ expectations, and net profit rose to $955 million or $1.32 per share. Meanwhile, the main indices on Wall Street are trading positively, with the Dow Jones and S&P 500 up by 0.1% each, while the Nasdaq is also up by 0.1%. In Europe, the DAX index is down 0.2%, the POTSI is up 0.4%, and the KAC is trading stably. The US debt market sees government bonds trading slightly higher as inflation in France rose to 2.7% in May and driven by energy prices.

In Asia, the Nikkei index climbed 1.2% while the Hang Seng climbed 0.8%. Shares in Japan and China experienced significant movements as well; in China, core inflation rose to 1.9% in May while in Japan it increased to an annual rate of -3%. The Purchasing Managers’ Index in manufacturing sector showed a contraction in activity in China while it showed expansion in Japan’s services sector activity expanded for a second consecutive month at its fastest pace since March last year.

At 15:30 Israel time, investors will be closely watching for updates on inflation data that could impact government bond yields further as they continue to fall towards their lows of last year. Other market indicators include Eurozone consumer price index and France’s consumer price index which will be published later today in Great Britain house price index and Germany retail sales index will also be released . It seems like this trade overview encompasses a wide range of market indicators and developments that could impact investors’ decisions moving forward