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Weekly Market Report (1/16-1/20 2023)

HeyWelcome to our Weekly Market Report, one of the services in the moomoo Learn Premium.
Here's what happened during the week of Jan. 16 to Jan. 20.

● Singapore Exports Down 20.6% in December in Third Straight Month of Contraction
● Netflix Q4 Earnings Drop, Revenue Rises, Additions Top Forecasts
● Microsoft Plans to Slash Thousands of Jobs

🌟   SG MARKET HIGHLIGHTS
Singapore Second Most Preferred City in Apac for Cross-Border Property Investments in 2023
Singapore is now the second most preferred destination for cross-border real estate investment in the Asia-Pacific, up from third place last year.
It continues to be a focus for core investors due to its strong market fundamentals, CBRE’s latest Asia-Pacific Investor Intentions Survey showed.
>> Read More

Singapore Exports Down 20.6% in December in Third Straight Month of Contraction
Non-oil domestic exports (NODX) in December tumbled 20.6 per cent year on year from a high year-ago base, extending the 14.7 per cent fall in the previous month and marking the third consecutive month of decline.
On a seasonally-adjusted monthly basis, NODX shrank by 3.3 per cent in December, extending the 9.2 per cent decline in the preceding month.
>> Read More

🌟US MARKET HIGHLIGHTS

U.S. Market Pessimism Rebounds Strongly
Bullish sentiment, expectations that stock prices will rise over the next six months, rose 6.9 percentage points to 31.0%.
Neutral sentiment, expectations that stock prices will stay essentially unchanged over the next six months, is unchanged at 36.0%.
Bearish sentiment, expectations that stock prices will fall over the next six months, fell 6.9 percentage points to 33.1%.
Weekly Market Report  (1/16-1/20 2023)


Netflix Q4 Earnings Drop, Revenue Rises, Additions Top Forecasts
Netflix (NFLX) reported Q4 earnings late Thursday of US$0.12 per diluted share, down from US$1.33 a year earlier. Analysts polled by Capital IQ forecast earnings of US$0.48 a share.
Revenue for the quarter ended Dec. 31 was US$7.85 billion, up from US$7.71 billion a year earlier. Analysts were expected sales of US$7.86 billion.
The streaming giant said its global paid net additions stood at 7.66 million in Q4, compared with 8.28 million a year earlier. Analysts polled by Visible Alpha were expecting additions of 4.5 million.
>> Read More

Microsoft Plans to Slash Thousands of Jobs
Microsoft Corp. is preparing to chop thousands of jobs in engineering and human resources, according to published reports Tuesday.
The software giant could slash about 5% of its workforce, or about 11,000 roles, U.K broadcaster Sky News reported, citing sources.
>> Read More
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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