Stocks and oil are rising, and global shipments of smartphones have fallen: what you need to know in the morning
Briefly about the main points on international markets.
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American indices rose on Thursday
The S&P 500 added 1.1%, the high-tech Nasdaq added 1.8%, and the Dow Jones index added 0.6%. Investor sentiment improved after the publication of new US GDP data. According to them, the economic growth of the States in the last quarter of 2022 slowed down less than expected. Overall, the country’s GDP grew by 2.9% year-on-year, although economists expected growth at the level of 2.6%.
- Tesla shares rose by 10.97%.
- The price of Microsoft shares increased by 3.07%.
- The price of Apple shares increased by 1.48%.
- Gold fell by 0.25% to $1,941.90 per ounce.
Shares of the Asia-Pacific region mainly grow
The broad index of Asian shares (excluding Japan) MSCI AC Asia ex Japan Index rose by 0.1% today, Japan’s Nikkei added 0.2%, South Korea’s Kospi and Singapore’s STI increased by 0.7% and 0.5%, respectively, and the Hong Kong Hang Seng was practically unchanged. Investors in Asia were also optimistic about data on the growth of the American economy, which turned out to be better than expected.
Oil prices continue to rise
Brent futures added 0.3% to $87.77 a barrel in today’s trading, while WTI contracts rose 0.4% to $81.35. Both of these indicators increased by more than 1% yesterday.
The rise in oil prices comes on the back of stronger-than-expected economic growth in the United States, as well as hopes for a quick recovery in demand in China, as the number of COVID-19 cases and deaths from it has declined significantly compared to last month’s peak levels.
Global smartphone shipments fell to a 2013 low
According to research company IDC, 1.21 billion smartphones were shipped in 2022, which is the lowest annual shipment volume in the last nine years.
The study notes that global shipments of smartphones fell sharply in the fourth quarter of 2022 (usually, on the contrary, this is the period of large holiday purchases).
At the end of last year, manufacturers shipped 300.3 million devices, which is 18.3% less than in the same period of 2021. Everything is due to weak macroeconomic indicators and a drop in consumer demand in most countries of the world, according to the authors of the study.
At the same time, according to IDC, Apple was able to maintain its position as the number one smartphone manufacturer in the world with a 24.1% market share. In the fourth quarter, the American technology giant shipped 72.3 million iPhones, which is 14.9% less than in the same period last year. The decrease occurred despite the fact that Apple recently released the new iPhone 14 line.
Samsung, the second largest player in the smartphone market, in the fourth quarter reduced its shipments of mobile devices to 58.2 million, which is 15.6% more than a year earlier.
The Chinese electronics manufacturer Xiaomi, which occupies the third largest place in the industry, shipped 33.2 million devices during the quarter, which is 26.3% less than last year.
Source: Ministry of Finance
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