The value vs. value trap debate over European banks will roll into 2023 based on 2024 consensus, for an ROE nudging 10%.
US multi-industrials such as Eaton, Fortive and Dover have reduced exposure to volatile end markets like energy over the years.
Inflation and rising interest rates have battered many industries—including technology.
BENGALURU, Nov 29 Reuters India39;s bluechip stock indexes rose for a sixth straight session on Tuesday, boosted by consumer goods and metal stocks, while hopes of faster easing of COVID19 curbs in China underpinned investor sentiment. The NSE Nifty 50 index rose 0.3 to settle at 18,618.05, and the SP BSE Sensex climbed 0.28 to 62,681.84, both […]
LONDON, Nov 30 Reuters The dollar eased from a oneweek high on Wednesday ahead of a speech by Federal Reserve Chair Jerome Powell, while optimism over a possible loosening in China39;s COVID restrictions set it on course for its biggest monthly loss since late 2010. Euro zone inflation in November showed the first monthly deceleration […]
Nov 30 Reuters Credit Suisse shares and bonds took another hit on Wednesday in a sign the embattled Swiss bank is struggling to regain investor confidence ahead of a planned 2.4 billion fundraising to help pay for a major overhaul. After opening higher, the shares tumbled more than 1.5 to a new record low in their […]
NEW YORK, Nov 29 Reuters The greenback edged lower against the Japanese yen on Tuesday with Federal Reserve chairman Jerome Powell due to speak on Wednesday, while the Aussie dollar jumped as sentiment improved on hopes that China would reopen from COVID shutdowns. Powells comments will be evaluated for any new signs of hawkishness, with […]
Pennon Group slips on lower halfyear profit Consumer discretionary stocks lead gains Mining stocks climb FTSE 100 up 0.4, FTSE 250 adds 0.2 Nov 30 Reuters The FTSE 100 edged higher on Wednesday, supported by consumer discretionary and energy stocks, even as investors maintained a cautious stance ahead of Federal Reserve Chair39;s speech for clues […]
EDF, KHNP and Westinghouse Electric make initial bids Final bids expected by the end of September 2023 1,200 MW unit expected to be completed by 2036 PRAGUE, Nov 30 Reuters France39;s EDF, South Korea39;s KHNP, and U.S.Canadian group Westinghouse Electric have made initial bids to build a new unit at the Czech Republic39;s Dukovany nuclear […]
Nov 30 Reuters Citigroup on Wednesday forecast global growth to slow to below 2 next year, echoing similar projections by major financial institutions such as Goldman Sachs, Barclays, and J.P. Morgan. Strategists at the brokerage cited continued challenges from the COVID19 pandemic and the RussiaUkraine war which skyrocketed inflation to decadeshigh levels and triggered aggressive […]