- US equity-index futures fell after Microsoft and Alphabet's parent company, Alphabet, reported mixed big-tech earnings, setting the stage for peers still reporting this week.
- Contracts on the Nasdaq 100 fell 0.6%, while those on the S&P 500 fell 0.4%. In premarket trading, Alphabet fell as much as 7% after its cloud unit reported a lower-than-expected profit. Microsoft, on the other hand, rose after its cloud business results exceeded expectations.
- With earnings season in full swing, investors are looking for evidence on how companies are dealing with high interest rates, as well as whether consumer spending is shifting due to inflation. Meta, the parent company of Instagram and Facebook, is scheduled to report later Wednesday, while Amazon is scheduled to report on Thursday.
- Europe's stock index fell as earnings from some of the region's largest consumer-facing and fin-tech firms fueled fears that a global economic slowdown is harming corporate profits.
- Country Garden defaulting on its dollar bond declared for the first time.
