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Philips Posts Q4 Loss, Plans 6,000 Job Cuts, Sees Growth Ahead; Stock Up
Dutch consumer electronics giant Philips Electronics NV reported Monday a loss in its fourth quarter, compared to prior year's profit, even as sales increased. The company further declared a dividend, and said its order book remains strong. Going ahead, the company projects comparable sales growth in fiscal 2023, 2025, and beyond.
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vor 741 Tagen
European Shares Drift Lower In Cautious Trade
European stocks declined on Monday as caution set in ahead of a busy week of U.S. tech earnings and a slew of central bank meetings.
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vor 741 Tagen
Swiss KOF Leading Indicator At 7-Month High Suggests Less Gloom
A leading indicator for Switzerland's economy rose at the start of the year, for a second month in a row, to its highest level in seven months reflecting a less gloomier outlook, survey data from the Zurich-based KOF Swiss Economic Institute showed Monday.
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vor 741 Tagen
FTSE 100 Marginally Lower As Investors Look To BoE
U.K. stocks were moving lower on Monday ahead of key central bank decisions due this week.
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Swedish Economy Shrinks 0.6% In Q4
Sweden's economy contracted in the final quarter of 2022, after expanding in the previous two quarters, preliminary figures from Statistics Sweden showed on Monday. Gross domestic product declined 0.6 percent sequentially in the December quarter, reversing a 0.6 percent rise in the September quarter.
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CAC 40 Retreats Ahead Of Central Bank Meetings
French stocks were moving lower on Monday as investors braced for another round of rate hikes from major central banks.
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DAX Edges Lower Ahead Of GDP Data
German stocks opened lower on Monday as investors braced for a busy week of corporate earnings and central bank policy meetings.
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Asian Shares Mostly Lower In Cautious Trade; China Reopens On Positive Note
Asian stocks fell broadly on Monday as investors looked ahead to a busy week of central bank announcements and earnings updates from U.S. tech heavyweights Amazon, Apple, Alphabet and Meta Platforms.
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vor 741 Tagen
Taiwan Consumer Confidence Improves Slightly On Stronger Expectations
Taiwan's consumer sentiment strengthened for the first time in five months, albeit modestly, at the start of the year, led by the improvement in the households' perception of the general economic outlook, survey data from the National Central University's Research Center for Taiwan Economic Development showed Monday.
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European Economics Preview: Germany GDP Data Due
Quarterly national accounts from Germany and economic sentiment survey results from euro area are the top economic news due on Monday. At 2.00 am ET, quarterly GDP data is due from Sweden. GDP is forecast to grow at a slower pace of 1.2 percent annually in the fourth quarter after rising 2.5 percent in the third quarter.
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European Shares May Drift Lower As Investors Await Central Bank Decisions
European stocks are likely to open on a subdued note Monday as investors look ahead to the interest rate decisions from the Federal Reserve, the European Central Bank and the Bank of England this week for directional cues.
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vor 742 Tagen
Sensex, Nifty Marginally Higher In Early Trade
Indian shares were marginally higher on Monday after last week's brutal sell-off. A cautious undertone prevailed ahead of the crucial Union Budget on Feb. 1 and a slew of central bank policy meetings due this week.
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vor 742 Tagen
Asian Markets Mixed Amid Cautious Trades
Asian stock markets are trading mixed on Monday, following the broadly positive cues from global markets on Friday, and as traders remain cautious ahead of a busy week, when the US Fed, Bank of England and European Central Bank are due to lift interest rates in an effort to bring inflation down from a multi-decade high. Asian markets closed mostly higher on Friday.
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vor 742 Tagen
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