Positive Week for FTSE 100, CAC 40 and S&P 500
Outlook on FTSE 100, CAC 40 and S&P 500 as most global equity indices, except those in China, trade close to multi-decade or record highs.
Levi Strauss to Cut Jobs after Projecting Bleak 2024 on Fragile Wholesale Business
Reuters Levi Strauss Co forecast annual sales and profit below Wall Street expectations on Thursday, and said it would cut 10 to 15 of global corporate jobs as the denim maker seeks to rein in costs amid weakness in its wholesale business. Levi attributed the weak forecast to plans to exit its Denizen brand and cut […]
Dubais Property Boom Shows Signs of Fizzling Out
Growth set to slow but tight supply could prevent severe dip Plans to diversify economy showing signs of progress LONDONDUBAI, Jan 26 Reuters As cranes speckle the Dubai skyline and ultraluxury homes change hands at record prices, signs that the citystate39;s property boom is fizzling out are coming into view. Developers, investors and brokers are […]
Oil Set for Weekly Gain on U.S. Economic Growth, Mideast Supply Concerns
Jan 26 Reuters Oil prices eased on Friday but were set for their biggest weekly gain since October as positive U.S. economic growth and signs of Chinese stimulus boosted fuel demand sentiment. Brent crude futures were down 47 cents, or 0.57, to 81.96 a barrel by 0715 GMT. U.S. West Texas Intermediate crude fell 61 […]
UK Retail Sales Dive in Jan at Fastest Pace in 3 Years CBI
LONDON, Jan 25 Reuters British retail sales volumes slid in January at the fastest pace for three years, according to an industry survey on Thursday which echoed weak official data published last week. The Confederation of British Industry39;s CBI monthly retail sales balance, a gauge of sales versus a year ago, fell in January to […]
German Economy Limps into 2024 as Business Sentiment Falls
Business climate index at 85.2 vs 86.7 forecast Some economists predict second year of recession Red Sea problems weigh on outlook BERLIN, Jan 25 Reuters German business morale unexpectedly worsened in January, declining for the second month in a row as Europe39;s largest economy struggles to shake off a recession and shortlived optimism gives way […]
UK Food Prices to Keep Rising Through 2024, Industry Researcher Cautions
LONDON, Jan 25 Reuters British food and drink prices will continue to rise in 2024, contributing to an extended costofliving crisis, a prominent grocery industry researcher said on Thursday. Food and drink inflation will be between 0.3 and 2.3 by the end of the year, the Institute of Grocery Distribution IGD, whose forecasts on UK […]
Bootmaker Dr Martens Hit by Weak December as US Sales Slide
Jan 25 Reuters Britain39;s Dr Martens said its visibility over wholesale orders remains weak as the bootmaker posted a drop in thirdquarter revenue on Thursday following several profit warnings and a disappointing December trading period. The company, known for its clunky boots with yellow stitching, also said current Red Sea shipping diversions were adding to journey […]
Health Insurer Humana Warns over Hit to 2025 Profit, Shares Sink
Jan 25 Reuters Health insurer Humana said on Thursday an unprecedented increase in medical costs that will hit its earnings this year has also put its 2025 profit target out of reach, sending its shares plunging 15. Medical costs for health insurers were elevated in 2023 and picked up more in the fourth quarter as people, […]
US Regulatory Outlook 2024
This piece outlines the major regulatory developments in the United States across the four themes.