JD Sports Profit Warning Wipes Shine off Shares

Shares fall 20.7 to oneyear low Company says mild weather in September hurt apparel demand Sees FY profit of 915935 mln stg vs 1.04 bln stg earlier Jan 4 Reuters JD Sports Fashion lowered its fullyear profit forecast on Thursday, citing higher costs and subdued consumer spending in the peak season, sending the British sportswear retailer39;s […]
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Oil Extends Gains on Middle East Supply Worries

Shutdown of Libya39;s Sharara oilfield tightens supply U.S. crude inventories fall more than expected API Coming up EIA supply report, 1600 GMT LONDON, Jan 4 Reuters Oil rose more than 1 on Thursday, adding to gains in the previous session on concerns over Middle Eastern supply following disruptions at an oilfield in Libya and heightened […]
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Financials, Realty Lead Rebound in Indian Shares after Drop

BENGALURU, Jan 4 Reuters India39;s benchmark indexes rose on Thursday after easing from near record highs in the past two sessions, aided by a rebound in financials, while realty extended gains on robust sales volumes. The bluechip NSE Nifty 50 index climbed 0.54 to 21,631.85 points, while the SP BSE Sensex added 0.58 to 71,770.60, as of […]
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USD Eases, Fed Minutes Offer Few Clues on Rate Cuts Timeline

LONDONSINGAPORE, Jan 4 Reuters The dollar fell on Thursday, after rising to an almost three week high a day earlier, with minutes of the Federal Reserve39;s last meeting providing few clues on when the United States might start cutting interest rates. Minutes of the December policy meeting released on Wednesday showed Fed officials convinced inflation was […]
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US Auto Sales Likely Jumped in 2023

Jan 3 Reuters U.S. new vehicle sales likely rose by a low doubledigit percentage in 2023 on sustained demand for crossover SUVs and pickup trucks, but analysts fear a challenging year ahead, with high interest rates eating into demand. Automakers ramped up their output to keep up with a surge in consumers interest in new […]
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German Unemployment Edged Up in December

BERLIN, Jan 3 Reuters The number of unemployed people in Germany rose slightly in December, though by much less than analysts had expected, and the 2023 rate was one of the lowest since German reunification, labour office figures showed on Wednesday. The Federal Employment Agency said the number of people out of work increased by […]
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Canadian Factory PMI Hits 312Year Low on Subdued Demand

TORONTO, Reuters Canada39;s factory sector contracted in December at its steepest pace since the early months of the COVID19 pandemic as the rising cost of manufactured goods crimped demand, data showed on Tuesday. The SP Global Canada Manufacturing Purchasing Managers39; Index PMI fell to a seasonally adjusted 45.4 in December from 47.7 in November, its lowest […]
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