EMEA Morning Briefing : Markets to Track Fed -2-

Google recorded $65.5 billion of total advertising sales in the fourth quarter, an increase of 11% from the same period last year. Those financial results missed analyst expectations but were a marked turnaround from a year ago, when Google reported its first drop in ad revenue since the beginning of the pandemic.

Microsoft Earnings Jump as AI Demand Boosts Cloud Unit

Microsoft recorded its highest profit growth in more than two years as excitement about artificial intelligence helped power the growing demand for its cloud services.

Microsoft's net income rose 33% to $21.9 billion in the three months through December. That is the strongest quarterly expansion for the company since the quarter ended September 2021.

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Expected Major Events for Wednesday

05:30/NED: Dec Retail turnover

07:00/GER: Dec Foreign trade price indices

07:00/DEN: Dec Unemployment

07:00/TUR: Dec Foreign Trade

07:00/GER: Dec Retail Trade

07:00/UK: Jan Nationwide House Price Index

07:30/SWI: Dec Retail Sales

07:45/FRA: Dec PPI

07:45/FRA: Jan Provisional CPI

08:00/SPN: Dec Retail Sales

08:55/GER: Jan Labour market statistics (incl unemployment)

09:00/ITA: Dec Unemployment

09:00/GER: Jan Bavaria CPI

09:00/GER: Jan North Rhine Westphalia CPI

09:00/GER: Jan Brandenburg CPI

09:00/GER: Jan Hesse CPI

09:00/GER: Jan Baden-Wuerttemberg CPI

10:00/MLT: Nov Registered Unemployed

10:00/MLT: Dec Registered Unemployed

10:00/CRO: Dec Industrial Production Volume Index

10:00/GRE: Nov Turnover Index in Retail Trade

10:00/CYP: Dec PPI

10:00/LUX: Dec PPI

10:00/GER: Jan Saxony CPI

11:00/ITA: Nov Industrial turnover

11:00/IRL: Jan Monthly Unemployment

13:00/GER: Jan Provisional CPI

15:59/UKR: Dec Industrial Production

16:59/SWI: 3Q Locational & Consolidated banking statistics, preliminary data

16:59/SPN: Nov Monthly Balance of Payments

16:59/BEL: Dec PPI

All times in GMT. Powered by Onclusive and Dow Jones.

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This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires

01-31-24 0015ET