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Novartis Lifts FY24 Outlook After Q3 Beats Market; But Stock Down
Swiss drug major Novartis AG on Tuesday raised its core operating income and sales guidance for fiscal 2024 after reporting significantly higher profit in its third quarter, driven by sales growth in key drugs. The third-quarter core earnings and topline beat market estimates. Meanwhile, the shares were losing around 3 percent in the Swiss trading as well as in early morning trading on the NYSE.
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320 days ago
UK Mortgage Approvals At 25-Month High
UK mortgage approvals increased to the highest level in more than two years in September suggesting renewed confidence in the housing market, official data revealed Tuesday. Mortgage approvals for house purchases, an indicator of future borrowing, rose by 700 to 65,600 in September, the Bank of England reported. This was the highest since August 2022.
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320 days ago
Bay Street Seen Opening Higher On Firm Commodities
Canadian shares are likely to open on a positive note Tuesday morning, tracking higher crude oil and metal prices. Investors will also be reacting to earnings news from a slew of top name U.S. companies, including Alphabet.
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320 days ago
Sensex, Nifty Extend Gains For Second Day; Auto And Pharma Stocks Decline
Indian shares recovered from an early slide to end modestly higher on Tuesday.
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320 days ago
German Consumer Confidence Improves Despite Deteriorating Economic Expectations
Consumer sentiment in Germany is set to rebound in November to its highest level in over two-and-a-half-years as both income expectations and the willingness to buy showed back-to-back improvements though economic expectations continued to weaken, the closely watched survey showed on Tuesday. The forward-looking consumer sentiment index rose to -18.3 in November from -21.0 in October.
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320 days ago
Starbucks Threatens To Fire Staff If Not Returning To Office
Coffee giant Starbucks Corp. has warned to fire corporate staff if they don't adhere to the policy of return to office three days a week, Bloomberg reported, citing an email. The company plans to launch a standardized process in January to hold employees accountable, if they don't obey the return-to-office policy, and the consequences could include, up to, and including, separation.
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320 days ago
European Shares Climb With Big Tech Earnings In Focus
European stocks rose on Tuesday as investors looked ahead to a slew of U.S. economic data as well as tech megacap earnings this week for directional cues.
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320 days ago
more news
FTSE 100 Modestly Higher Ahead Of Budget
U.K. stocks were seeing modest gains in cautious trade on Tuesday ahead of the budget announcement due on Wednesday.
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320 days ago
CAC 40 Rises Ahead Of Alphabet's Earnings
French stocks traded higher on Tuesday as investors looked ahead to a slew of U.S. economic data as well as tech megacap earnings this week for directional cues.
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320 days ago
DAX Gains As Consumer Sentiment Improves
German stocks eked out modest gains on Tuesday after a survey showed Germany's consumer confidence is set to recover more strongly in November to hit a more than two-and-a-half-year high.
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320 days ago
Asian Shares Mostly Higher; China Markets Fall
Asian stocks ended mixed on Tuesday and the dollar index held steady as investors looked ahead to a slew of U.S. economic data as well as tech megacap earnings for directional cues.
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320 days ago
Commodity Currencies Fall As Oil Prices Slide
The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, as crude oil prices fell amid rising geopolitical tensions in the Middle East.
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320 days ago
Canadian Dollar Slides Against Most Majors
The Canadian dollar weakened against most major currencies in the Asian session on Tuesday.
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320 days ago
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