Assassin’s Creed Mirage, the 13th installment in Ubisoft’s popular franchise, is set to be released on October 5th, a week earlier than originally planned. To help players determine when they can start playing, Ubisoft has provided global release times for both PC and console. In general, the game will be available in the early hours of October 5th, with some regions getting a head start on PC late in the evening of October 4th. Pre-loading is already available for Mirage.

For instance, in Los Angeles, the game will be playable on PC starting at 10 p.m. PDT on October 4th, while console players can start at midnight PDT on October 5th. Similar release times apply to other regions such as Montreal, London, Stockholm, Kyiv, Mexico City, Sao Paulo, New York, Paris, Abu Dhabi, Johannesburg, Shanghai, Tokyo, Seoul, and Sydney. It’s worth noting that Assassin’s Creed Mirage will also be released on the iPhone 15 and iPhone 15 Max Pro in the first half of 2024, although the exact release date is yet to be announced.

As the release date approaches, Ubisoft has urged fans to avoid sharing spoilers. Mirage follows the character Basim Ibn Ishaq, who was introduced in Assassin’s Creed Valhalla, and promises a return to the series’ roots with an emphasis on stealth and linear storytelling. To learn more about the game, players can check out hands-on previews and interviews with Narrative Director Sarah Beaulieu. The successful early release of Assassin’s Creed Mirage marks an exciting moment for fans of the franchise eagerly awaiting the next installment.

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The Stock Market’s Earnings Crisis: A Major Issue Demands Attention.

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Wall Street analysts’ optimistic forecasts for corporate earnings are expected to decline, indicating a potential downturn in the stock market. While analysts have been positive about profits, recent data suggests a shift in sentiment. In the past six months, aggregate earnings per share forecasts for S&P 500 companies have increased by 1.4%, while sales estimates have risen by just under 1%. However, estimates for profit margins have only slightly increased due to the moderation of higher staff pay. Additionally, upward revisions to earnings per share (EPS) forecasts for 2023 and 2024 have accounted for around 58% of all revisions, up from less than 40% earlier this year.

Historically, during economic expansions, the percentage of upward revisions tends to reach around 80% after a recession. However, during times of concern over a potential slowdown, the number typically does not exceed 60% to 70%. Furthermore, early signs indicate that earnings estimates have peaked, with EPS forecasts for the third quarter of 2023 dropping by about 0.4% in recent weeks. The Federal Reserve’s potential interest rate hikes could also contribute to additional cuts in earnings estimates. Although the rate of inflation has been declining, the Federal Reserve is expected to maintain elevated rates, which may negatively impact the economy and company sales.

These developments are particularly significant considering the current expensive valuation of the stock market. The S&P 500 is trading at approximately 18 times the expected EPS for its constituent companies over the next twelve months, compared to just over 16 times at the beginning of the year. The stock market’s optimism regarding earnings growth, reflected in an increased ratio despite rising bond yields, implies potential downsides if analysts reduce EPS estimates. Investors should approach the market with caution.

Overall, the article highlights the likelihood of falling corporate earnings forecasts and its potential impact on the stock market. While analysts have been positive, recent data suggests a shift in sentiment. This comes as EPS forecasts have increased, albeit at a slower pace than sales estimates. The percentage of upward revisions in earnings forecasts has also risen, indicating optimism. However, signs of peaking earnings estimates have emerged, which could be exacerbated by potential interest rate hikes. Considering the already expensive valuation of the stock market, downside risks are present if EPS estimates are cut.

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