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Puma Expects Q2 Sales Growth Below FullYear Target

April 26 Reuters German sportswear maker Puma on Wednesday said it expected secondquarter sales to grow at a low to midsingledigit percentage rate, below its fullyear target, due to high inventory levels and ongoing challenges in the market. The company said it expected its profit and margins to be under more pressure in the first half […]
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Vopak Raises 2023 Outlook on Strong Tank Storage Demand

April 26 Reuters Dutch tank storage company Vopak on Wednesday raised its 2023 core profit outlook, with favourable storage demand expected to persist for the rest of the year. Vopak has bet on increasing demand for storage of oil and gas products coming from long distances, as several markets ebb away their dependency on Russian supplies. […]
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StanChart Profit Tops Forecasts on Rising Rates

HONG KONG, April 26 Reuters Standard Chartered PLC StanChart on Wednesday said firstquarter profit jumped 21, beating expectations, as rising interest rates buoyed income from its cash management and retail banking businesses. Chief Executive Bill Winters said he now expects income for the emerging marketsfocused lender to grow around 10 this year, the top of a […]
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Saab Profits, Orders, Swell as Countries Buy Military Gear

STOCKHOLM, April 26 Reuters Swedish defence equipment maker Saab39;s Q1 results beat forecasts as countries continued to stock up on surveillance gear and weapons because of the war in Ukraine. Order intake at the company that makes a range of military and civilian hardware doubled to 17.02 billion crowns 1.66 billion from 8.1 billion, while its […]
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Gold Holds Tight Range as Traders await Fed Cues

Recessionary fears providing floor for gold prices analyst U.S. PCE data due this week April 26Reuters Gold prices stuck to a narrow range on Wednesday as traders strapped in for U.S. economic data for further guidance on the Federal Reserve39;s monetary policy stance. Spot gold was little changed at 1,995.67 per ounce by 0825 GMT, […]
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Indian Shares Fall on US Recession Fears; Metals Slide

BENGALURU, April 26 Reuters Indian shares fell on Wednesday, dragged by metals, as rising recession fears in the United States offset cautious optimism in domestic markets in a busy earnings week. The Nifty 50 was down 0.29 to 17,717.25 as of 952 a.m. IST, while the SP BSE Sensex lost 0.26. Ten of the 13 major sectoral […]
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U.S. Consumer Confidence Declines, U.S. Stocks Lower

PREVIOUS TRADING DAY EVENTS 25 April 2023 Announcements  According to the U.S. Conference Board Consumer Confidence Index figure, which was released at 101.3, lower than expected and down from 104.0 in March, consumer confidence experienced a decline. There are now more pessimistic views about the economic outlook, even as current conditions improved. Consumers became more […]
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