US money market assets top $6tn for the first time

Apple: The iPhone maker will report its latest quarterly earnings after Wall Street’s closing bell, with analysts anticipating revenue to have risen slightly in the three months to December from a year earlier. Investors will be keen to learn how many iPhones Apple sold during the lucrative holiday season, and for any insight into the company’s China business amid geopolitical tensions between the US and Beijing.

More tech: Facebook parent Meta and Amazon will also report their latest results after the market closes, with both companies expected to report jumps in revenue. Meta’s report comes a day after chief executive Mark Zuckerberg’s disastrous appearance before a US Senate hearing on online child safety, where he was pushed to publicly apologise to families who said their children had been harmed by social media platforms.

Manufacturing: The US manufacturing sector is expected to have shrunk in December, with economists predicting that the Institute for Supply Management’s manufacturing purchasing managers’ index ticked down to a reading of 47, from 47.4. A level below 50 indicates contraction in the sector.

Jobless claims: New applications for US state unemployment aid, a proxy for lay-offs, are expected to have held relatively steady last week at 212,000, compared with 214,000 in the prior seven-day period.


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