European Midday Briefing: Mood Subdued as China Underwhelms on Stimulus
More fiscal spending under the incoming U.S. government is expected to mean a higher terminal fed funds rate than previously seen, SEB Research said. It now expects the rate at 3.25%-3.50%, but with ...
U.S. Futures, European Stocks Mixed as Markets Mull Fed Rate-Cut Prospects
In Europe, the Stoxx Europe 600 was flat in morning trading. Zealand Pharma added 8% and Dino Polska rose 8%. On the other hand, Vistry Group sunk 13.2%, and Serco Group lost 11.2%. The FTSE 100 lost ...
Arista Is a High-Performance Networking Behemoth With a Wide Moat
We view Arista Networks as the technology leader in high-speed switching for enterprise networking. We expect Arista to maintain its top market of high-speed ports above 100 gigabits and for it to ...
China Auto Sales Rose Sharply in October on Subsidies, Robust Demand
Chinese car sales rose sharply in October, thanks to government subsidies and robust demand during the National Day holiday period. Retail sales of passenger cars rose 11.3% to 2.26 million units in ...
Treasury volatility gauge plunges after market navigates election and Fed
The market's navigation of the week's two big events saw investors sharply pare back bets on volatility. The ICE BofAML MOVE index, a measure of expected volatility in the Treasury market, had reached ...
Morningstar1h
Sony Raises Sales Outlook as Profit Jumps on Game Strength — Update
Sony Group raised its annual revenue forecast after delivering a second-quarter profit beat, buoyed by earnings from its game business. The solid results are a positive sign for the Tokyo-based ...
Naver's Core Search and E-Commerce Businesses Look Solid and Others Are Improving Profitability
Naver has historically generated strong cash flow. Its free cash flow to equity/sales ratio, or FCFE/sales, averaged 20% over the past seven years, which indicates strong operational and financial ...
Chinese stock futures slump after stimulus announcement
Hang Seng futures tumbled 3.1%, after the Hang Seng HK:HSI finished 0.7% lower ahead of the announcement. China has approved a bill raising the ceiling on local government debt by 6 trillion yuan, or ...
Cartier Owner Richemont's Sales Fall as Luxury's China Woes Linger — Update
Cartier owner Richemont said weaker consumer spending in China hurt sales, particularly at its watch brands, as a luxury downturn that is hurting most players in the industry rumbles on.
Serco Group Loses Bid for Australian Immigration Contract
Serco Group said it was unsuccessful in its re-bid to provide immigration services to Australia's Department of Home Affairs, and its current contract is due to end on Dec. 10.
Morningstar2h
China to raise local government debt ceiling by $840 billion
China has approved a bill raising the ceiling on local government debt by 6 trillion yuan, or $840 billion, Xinhua News reported from a press conference. China was expected to make a stimulus ...
Cartier Owner Richemont's Sales Fall as China Woes Drag on
Cartier owner Richemont said a decline in consumer spending in China hurt sales as a luxury downturn that is hurting most of the players in the industry rumbles on.