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Thyssenkrupp Stock Down On Q1 Loss, FY24 Warning; To Cut 2,370 Jobs
Shares of thyssenKrupp AG were losing around 9 percent in the morning trading on Germany's XETRA after the industrial engineering and steel company reported Wednesday a net loss in its first quarter, compared to prior year's profit as sales and order intake were lower as expected due to market effects. The company also trimmed its earnings and sales forecast for fiscal 2024 on weak demand.
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547 dias atrás
European Shares Inch Higher As UK Inflation Unexpectedly Holds Steady
European stocks were flat to slightly higher on Wednesday as investors digested mixed earnings updates and weaker-than-expected U.K. inflation data.
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547 dias atrás
Pound Falls After U.K. Inflation Data
The British pound weakened against other major currencies in the European session on Wednesday, after data showed that the U.K. consumer price inflation remained unchanged in January, while the rate was forecast to rise.
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547 dias atrás
FTSE 100 Climbs As Inflation Holds Steady; Miners Slump
U.K. stocks traded higher on Wednesday as investors assessed the latest U.S. and U.K. inflation readings.
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547 dias atrás
CAC 40 Nudges Higher In Cautious Trade
French stocks traded higher on Wednesday after falling notably the previous day on fading Fed rate-cut hopes.
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547 dias atrás
DAX Little Changed As Early Rate-cut Hopes Fade
German stocks were little changed on Wednesday as hotter-than-expected U.S. inflation data dented hopes for early rate cuts and geopolitical tensions continued in the Middle East and eastern Europe.
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547 dias atrás
Asian Shares Retreat As Traders Pare Rate Cut Bets
Asian stocks followed Wall Street lower on Wednesday as higher-than-anticipated U.S. consumer inflation data released Friday shrank the odds of early rate cuts by the Federal Reserve before July.
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547 dias atrás
more news
Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Wednesday.
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547 dias atrás
Pound Falls After U.K. CPI, PPI Data
At 2:00 am ET Wednesday, the Office for National Statistics released U.K. consumer and producer prices for January.
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547 dias atrás
Pound Mixed Ahead Of U.K. CPI, PPI Data
At 2:00 am ET Wednesday, the Office for National Statistics releases U.K. consumer and producer prices for January. Inflation is seen rising to 4.1 percent from 4.0 percent in December. Output prices are expected to decline 0.5 percent on year, in contrast to the 0.1 percent gain a month ago.
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547 dias atrás
European Shares To Open On Sluggish Note Amid Fed Worries
European stocks may open on a subdued note Wednesday as stronger-than-expected U.S. inflation data poured cold water on investor hopes for an imminent interest-rate cut by the Federal Reserve.
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547 dias atrás
Malaysian Ringgit Falls To Near 4-month Low Against U.S. Dollar
The Malaysian ringgit weakened against the U.S. dollar in the Asian session on Wednesday.
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547 dias atrás
European Economic News Preview: UK Inflation Data Due
Consumer and producer prices from the UK and revised GDP data from the euro area are the top economic news due on Wednesday. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for January. Inflation is seen rising to 4.1 percent from 4.0 percent in December. Output prices are expected to decline 0.5 percent on year.
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547 dias atrás
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