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Swiss Market Ends Weak

Swiss Market Ends Weak

After a positive start and a subsequent retreat, the Switzerland stock market rallied higher Thursday morning, but slipped into the red around mid afternoon and finally ended the day's session on a weak note.
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Pound Advances On BoE Comments

Pound Advances On BoE Comments

The pound climbed against its major counterparts in the European session on Thursday, following hawkish comments from policymakers of the Bank of England at the Treasury Select Committee hearing on the February monetary policy report.
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U.S. Weekly Jobless Claims Rebound From Nine-Month Low

U.S. Weekly Jobless Claims Rebound From Nine-Month Low

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rebounded by slightly more than expected in the week ended February 4th. The Labor Department said initial jobless claims rose to 196,000, an increase of 13,000 from the previous week's unrevised level of 183,000.
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Ralph Lauren Reaffirms FY23 Revenue Growth Outlook - Update

Ralph Lauren Reaffirms FY23 Revenue Growth Outlook - Update

While reporting its financial results for the third quarter on Thursday, luxury fashion house Ralph Lauren Corp. (RL) said it expects revenues to increase mid- to high-single digits in constant currency for the fourth quarter. Including last year's 53rd week, the Company expects reported revenue to increase 1% to 2% in constant currency to last year.
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BoE Chief Says Inflation Likely To Remain Persistent

BoE Chief Says Inflation Likely To Remain Persistent

Bank of England Governor Andrew Bailey said he is concerned about the continued persistence of inflation but forecast the rate to ease sharply this year. At the Treasury Select Committee hearing, Bailey said policymakers are concerned about persistence of inflation. That is why the monetary policy committee raised the interest rate.
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Baxter International Guides Q1, FY23 Adj. EPS Well Below Estimates; To Cut 5% Jobs - Update

Baxter International Guides Q1, FY23 Adj. EPS Well Below Estimates; To Cut 5% Jobs - Update

While reporting financial results for the fourth quarter on Thursday, health care company Baxter International Inc. (BAX) initiated earnings, adjusted earnings and sales growth guidance for the first quarter and for the full-year 2023. The company said the guidance for 2023 reflects a challenging first half of the year due to increased cost of sales resulting from elevated costs of inventory produced in the second half of 2022, reflecting the significant inflationary pressures the company experienced, that will impact earnings when the related inventory is sold in 2023. Baxter expects the impact from these inflationary pressures on its earnings to begin to ease in the second half of the year.
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Interpublic Q4 Adj. EPS Tops Estimates; Boosts Dividend 7%

Interpublic Q4 Adj. EPS Tops Estimates; Boosts Dividend 7%

Interpublic Group of Cos., Inc. (IPG) reported Thursday that net income available to IPG common stockholders for the fourth quarter declined to $297.2 million or $0.76 per share from $357.9 million or $0.90 per share in the prior-year quarter.
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