Europe Shares Slip, Traders Scale Back Rate Cut Expectations

Lindt Spruengli jump on beating 2023 sales estimates Hugo Boss drops on Q4 EBIT miss STOXX down 0.4 Jan 16 Reuters European shares opened lower on Tuesday as investors reined in expectations of interest rate cuts following recent comments from European Central Bank officials, while shares of Lindt Spruengli jumped on upbeat results. The panEuropean […]
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Oil Prices Mixed amid Economic Concerns, Red Sea Issues

Jan 16 Reuters Oil prices were mixed on Tuesday, after posting losses the previous session, as broad economic concerns outweighed continued tensions in the Middle East that led to more tanker diversions. Brent crude futures gained 3 cents, or about 0.04, to 78.15 a barrel at 0647 GMT. The contract had settled 14 cents lower […]
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UK Regular Wages Growth Slows to 6.6 in 3 Months to Nov

LONDON, Jan 16 Reuters Growth in British wages excluding bonuses slowed to 6.6 in the SeptembertoNovember period compared with the same period a year earlier, official data showed on Tuesday. Economists polled by Reuters had forecast a 6.6 rise in the Office for National Statistics39; measure of regular earnings. The Bank of England has been […]
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TSMCs Q4 Profit to Slide 23, Focus on Rebounding Demand

Analysts expect fourthquarter profit of T226.4 bln Q4 revenue flat but beat company expectations Stock price has soared on chip demand for AI applications Earnings call at 0600 GMT on Thursday TAIPEI, Jan 16 Reuters Taiwan Semiconductor Manufacturing Co Ltd, is expected to report a 23 drop in fourthquarter profit on Thursday, but analysts predict […]
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