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European Markets Finish Mixed On Tuesday
The major European markets finished mixed and little changed on Tuesday, giving away early gains following the release of closely watched U.S. inflation data.
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U.S. Dollar Gains Ground After Inflation Data
Erasing its early losses, the U.S. dollar climbed against its major counterparts in the New York session on Tuesday, as investors digested data showing an acceleration in the nation's consumer inflation in January.
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Tuesday Morning Again Files For Chapter 11 Bankruptcy Protection
Off-price retailer Tuesday Morning Corp. (TUES), which emerged from bankruptcy in April 2021, announced Tuesday that it has again filed voluntary petitions for protection under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division.
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U.S. Consumer Prices Increase 0.5% In January, In Line With Estimates
The Labor Department released a report on Tuesday showing U.S. consumer prices increased in line with economist estimates in the month of January. The report said the consumer price index climbed by 0.5 percent in January following a revised 0.1 percent uptick in December.
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U.S. Consumer Prices Increase In Line With Estimates In January
The Labor Department released a report on Tuesday showing U.S. consumer prices increased in line with economist estimates in the month of January. The report said the consumer price index climbed by 0.5 percent in January following a revised 0.1 percent uptick in December.
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Ecolab Guides Q1 Adj. EPS In Line With Estimates - Update
While reporting financial results for the fourth quarter on Tuesday, Ecolab Inc. (ECL) said it expects adjusted earnings in a range of $0.82 to $0.90 per share.
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GlobalFoundries Q4 Results Top Estimates; Guides Q1 In Line With View
GlobalFoundries, Inc. (GFS) reported Tuesday that net income attributable to the company soared to $668 million or $1.21 per share from $44 million or $0.08 per share in the prior-year quarter.
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Coca-Cola Q4 Profit Down 16%, But Meets Estimates
Beverages giant Coca-Cola Co. (KO) reported Tuesday a profit for the fourth quarter that declined 16 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. The company also initiated guidance for the full-year 2023.
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Eurozone Economy Manages To Expand In Q4
Euro area managed to grow at the end of the year, as initially estimated, raising hopes that the region could avert a technical recession, official data revealed Tuesday. The currency bloc logged a quarterly expansion of 0.1 percent in the fourth quarter, which was unchanged from the previous estimate released on January 31, the statistical office Eurostat said.
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Ford To Cut 3,800 Jobs In Europe
Ford in Europe announced plans to cut around 3,800 jobs over the next three years amid rapidly changing market conditions, and in response to growing competition in electric vehicles. The move comes as the auto maker is preparing to introduce its first European-built electric passenger vehicle this spring.
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Leidos Holdings Guides FY23 Adj. EPS Below Estimates - Update
While reporting financial results for the fourth quarter on Tuesday, science and technology company Leidos Holdings Inc. (LDOS) initiated its adjusted earnings and revenue guidance for the full-year 2023.
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Sensex, Nifty Rally On Strong Global Cues
Indian shares rose sharply on Tuesday after two consecutive sessions of losses.
Positive global cues helped underpin investor sentiment as investors pinned hopes that key U.S. inflation data for January due later in the day will show downward pressure on prices year-on-year.
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UK Jobless Rate Remains Stable, Wage Growth Exceeds Expectations
The UK unemployment rate remained unchanged and wages grew more than expected in the fourth quarter, persuading the hawkish members of the Bank of England rate-setting committee to keep hiking the interest rate. Data from the Office for National Statistics showed that the ILO unemployment rate was 3.7 percent in the three months to December, unchanged from the preceding period.
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