Author: whatnews

London +0.05% Germany -0.89% France -0.66% France January final services PMI 49.4 vs 49.2 prelimItaly January services PMI 51.2 vs 51.0 expectedSpain January services PMI 52.7 vs 52.5 expectedThe pan-European Stoxx 600 down 0.54% in early trade, with autos shedding to lead losses as all sectors and major bourses slid into the red.Coming up in the session:  French government budget balance and Euro zone PPI on the charts.In the bond market, The yield on US 10-year Treasuries almost flat 3.40%.Germany’s 10-year yield was up seven basis point to 2.13%.Britain’s 10-year yield was up four basis point to 3.05%. Source link

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By Geoffrey Smith  Investing.com — The dollar traded higher early in Europe on Friday, after weak earnings from three of Silicon Valley’s largest companies damped risk appetite more broadly. Amazon (NASDAQ:), Apple (NASDAQ:) and Google owner Alphabet (NASDAQ:), all saw their stocks fall after their reports for the final quarter of the year, ending a risk-on move that had started with the Federal Reserve’s softer language on the outlook on Wednesday. The dollar’s biggest gains in the last 24 hours have been against sterling, after the hinted that it may have finished raising interest rates after a 50 basis points…

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Adani Enterprises (NS:) has become the talk of the town. It was the most-searched stock on Investing.com yesterday, out of the entire universe of listed stocks in India. The relentless selling in this flagship company of the Adani Group, along with all other group companies has created widespread panic among investors.Even after quite a few days amid Hindenburg Reseach’s report (the primary trigger of the ongoing selloff) came out, all entities of the group are hitting lower circuits. The share price of Adani Enterprises fell to a 35% lower circuit in the early session today. However, after a sharp sell-off,…

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LPG Importer and Handler Aegis Logistics’s shares zoomed 8.4% on Friday’s early trades to reach an intraday high of ₹ 388.80 apiece on the National Stock Exchange (NSE) after the company reported robust earnings. Its shares were trading at ₹ 338.55 apiece at 11:00 AM. The company reported a 71.88% increase in its consolidated revenue from operations for the quarter ended December 31, 2022. Its revenue from operations came in at ₹ 2086.74 crores against ₹ 1214.10 crores in the corresponding quarter of 2021. It reported a net profit of ₹ 142.84 crores in the October to December quarter of…

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Getaround (NYSE:GETR) will streamline operations and reduce costs to achieve a leaner path to profitability. These changes also include a workforce reduction, effective immediately, that impacts ~10% of current staff. The restructuring plan also includes significant reductions to other operating expenses, including reducing the company’s contract workforce, and outside professional services. This could take down company’s operating expenses and result in cost savings of between $25M-30M on an annualized run-rate basis. Source link

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Spain’s CaixaBank SA said Friday that its fourth-quarter profit rose 62% compared with the same period a year earlier, thanks to higher net interest income. The bank CABK, +2.46% reported net profit of 688 million euros ($750.6 million) over October to December, beating analysts’ expectations for net profit of EUR632 million, according to a consensus forecast provided by the bank. The Spanish bank said net interest income stood at EUR2.07 billion, up 33% from a year earlier, and compared with EUR1.89 billion expected by analysts. Net interest income, a key driver of revenue for retail banks such as CaixaBank, is…

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Investing.com – Japan equities were higher at the close on Friday, as gains in the , and sectors propelled shares higher. At the close in Tokyo, the added 0.40% to hit a new 1-month high. The biggest gainers of the session on the were NTN Corp. (TYO:), which rose 12.60% or 33.00 points to trade at 295.00 at the close. Z Holdings Corp (TYO:) added 12.21% or 45.70 points to end at 420.10 and Sony Corp (TYO:) was up 6.18% or 710.00 points to 12,200.00 in late trade. Biggest losers included Hino Motors, Ltd. (TYO:), which lost 4.42% or 25.00…

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Fitch has ratings on eight entities within the Adani group. (File)Ratings agency Fitch said on Friday it saw no immediate impact on its ratings of Adani Group entities and their securities, following U.S. short-seller Hindenburg Research’s report last week.Hindenburg’s scathing attack on the conglomerate questioned the firm’s debt levels and use of tax havens, but the Group has called the report baseless and affirmed its financials are strong.”Our ongoing monitoring will be looking closely at any major changes to the rated entities’ access to financing or cost of financing on a long-term basis, unfavourable regulatory/legal developments or ESG-related matters that…

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, part of the industrial mineral space, has rallied by about 40% in the last 3 months pushing the stock to fresh record highs in January 2023, and technical setup suggests that the rally may not be over yet.The stock which is part of the S&P BSE Smallcap index hit a record high of Rs 532 on January 31, 2023. The stock has more than doubled from its July 2022 low of Rs 230.Earlier this week, the stock gave a range breakout which has now opened room for the stock to head towards Rs 600 levels in the next 6…

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