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Berita Valas
Canadian Market Down Sharply As Hotter-than-expected U.S. Inflation Data Weighs
The Canadian market is down sharply on Tuesday with the mood turning extremely bearish after data showing a bigger than expected increase in U.S. consumer price inflation dashed hopes of an interest rate cut by the Federal Reserve in March.
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562 days ago
Swiss Market Ends Weak Amid Interest Rate Uncertainty
The Switzerland market ended weak on Tuesday, although the downside was less pronounced than that of the major markets in Europe. Data showing a slowdown in Swiss consumer price inflation helped limit market's losses.
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562 days ago
European Stocks Close Notably Lower On Hotter-than-expected U.S. Inflation Data
European stocks closed notably lower on Tuesday as hotter-than-expected U.S. consumer price inflation dashed hopes of an interest rate cut by the Federal Reserve. Investors also digested the latest batch of regional economic data and corporate earnings updates.
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562 days ago
U.S. Dollar Spikes Up As Strong Inflation Data Dents Early Rate-cut Prospects
The U.S. dollar firmed against its major counterparts in the New York session on Tuesday, as hotter-than-expected inflation data for January reduced the possibility of a rate cut by the Federal Reserve in May.
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562 days ago
Coca-Cola Q4 Profit Down 3%, But Meets Estimates
Beverages giant Coca-Cola Co. (KO) reported Tuesday a profit for the fourth quarter that declined 3 percent from last year, reflecting steeply lower other income and higher interest expense, despite a 7 percent revenue growth. Adjusted earnings per share met analysts' expectations, while quarterly revenues topped it.
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562 days ago
U.S. Consumer Prices Rise 0.3% In January, Slightly More Than Expected
A highly anticipated report released by the Labor Department on Tuesday showed consumer prices in the U.S. increased by slightly more than expected in the month of January. The Labor Department said its consumer price index rose by 0.3 percent in January after inching up by 0.2 percent in December. Economists had expected consumer prices to edge up by 0.2 percent.
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562 days ago
WK Kellogg Swings To Profit In Q4; Guides Net Sales Above Estimates
WK Kellogg Co. (KLG) reported Tuesday net income for the fourth quarter of $15 million or $0.18 per share, compared to a net loss of $152 million or $1.77 per share in the prior-year quarter.
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562 days ago
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U.S. Consumer Prices Rise Slightly More Than Expected In January
A highly anticipated report released by the Labor Department on Tuesday showed consumer prices in the U.S. increased by slightly more than expected in the month of January.
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562 days ago
Ecolab Guides Q1 Adj. EPS Above Estimates - Update
While reporting financial results for the fourth quarter on Tuesday, Ecolab Inc. (ECL) said it expects adjusted earnings for the first quarter in a range of $1.27 to $1.37 per share and adjusted earnings for the full-year 2024 in a range of $6.10 to $6.50 per share.
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562 days ago
Bay Street May Open Higher On Firm Commodity Prices; U.S. CPI Data Eyed
U.S. consumer price inflation data, due before the opening bell, is likely to set the mood for the Canadian market early on Tuesday, although higher crude oil and bullion prices look set to trigger some buying in resources shares.
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562 days ago
InMode Q4 Results Top Estimates; Guides FY24 Adj. EPS Above Estimates
Medical technology firm InMode Ltd. (INMD) reported Tuesday that net income for the fourth quarter increased to $55.17 million or $0.64 per share from $37.71 million or $0.44 per share in the prior-year quarter.
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562 days ago
German Economic Confidence At 1-Year High
German economic sentiment strengthened more than expected to its highest level in a year in February as market experts foresee interest rate reductions in the coming six months as inflation slows, survey data from the think tank ZEW revealed Tuesday. The ZEW Indicator of Economic Sentiment rose more sharply to 19.9 in February from 15.2 in January. This was the highest score since February 2023.
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562 days ago
Incyte Q4 Adj EPS Misses Estimates, But Revenues Top
Incyte Corp. (INCY) on Tuesday reported net income of $201.10 million or $0.89 per share for the fourth quarter, sharply higher than $28.46 million or $0.13 per share in the prior-year quarter.
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562 days ago
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