REUTERS: U.S. stock index futures struggled for direction on Thursday as a clutch of earnings reports again pointed to a slowing global economy, while holding up in the face of already reduced expectations.
Facebook gained 1per cent after the social media giant reported quarterly revenue that beat estimates, but said new rules and product changes aimed at protecting user privacy would slow its revenue growth into next year. Overall earnings, however, are now expected to fall 0.1per cent, compared with a prior estimate of a rise of about 1per cent.Hopes that major central banks would take monetary measures to impede the impact of a protracted U.S.-China trade war has helped Wall Street's main indexes hit record highs this month.
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Europe: Stocks flat ahead of ECB meet; earnings a mixed bag[BENGALURU] European shares closed at a two-week high on Wednesday as a slide in commodity stocks offset gains for chip and car makers ahead of a hotly-anticipated European Central Bank meeting. Read more at The Business Times.
مصدر: BusinessTimes - 🏆 15. / 51 اقرأ أكثر »
Broker's take: DBS downgrades Citic Envirotech to 'hold' following earnings slumpDBS Equity Research has downgraded its recommendation on Citic Envirotech with a target price of S$0.34 after the environmental engineering services company posted a bottom-line slump for the second quarter and the first half of FY2019. Read more at The Business Times.
مصدر: BusinessTimes - 🏆 15. / 51 اقرأ أكثر »
First Sponsor Q2 earnings up 24.7% to S$15.1mMAINBOARD-LISTED First Sponsor Group on Thursday reported a 24.7 per cent rise in net profit to S$15.1 million for the second quarter, from S$12.1 million a year ago. This comes on the back of increased revenue from the sale of properties and hotel operations. Read more at The Business Times.
مصدر: BusinessTimes - 🏆 15. / 51 اقرأ أكثر »
Caterpillar earnings disappoint on weak China sales, higher costsCHICAGO: Caterpillar Inc's earnings on Wednesday missed Wall Street's estimates, hurt by a combination of weak sales in China and higher ...
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »