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Share $ on Facebook Carlsberg has raised its outlook for the year despite weak consumer sentiment in Asia and bad weather weighing on sales. Share $Carlsberg lifts outlook despite weather impact and weak Asia sentiment on Facebook German stocks notched up their longest winning streak in three months as investors remained hopeful that central banks on both sides of the Atlantic could soon begin cutting interest rates.
Share $Chipotle shares plunge on CEO departure as Starbucks surges on Facebook The yield on the interest rate-sensitive two-year Treasury note fell 0.05 percentage points to 3.97 per cent. The annualised rate slowed to 2.2 per cent last month, from an upwardly revised 2.7 per cent in June. Despite the revision, July’s result was still below economists’ forecast of 2.3 per cent.
Niccol will join as chief executive on September 9. In the meantime, the company’s financial officer Rachel Ruggeri will serve as interim CEO. Bellway said in a regulatory filing on Tuesday that “it does not intend to make a firm offer for Crest Nicholson”. It did not give a reason. US producer price data today and consumer price data tomorrow will give a clearer sense of demand in the world’s largest economy.Share $Markets update: European stocks struggle to hold early gains on X
“During the quarter, higher interest rates and greater macroeconomic uncertainty pressured consumer demand more broadly, resulting in weaker spend across home improvement projects,” said Ted Decker, chief executive.Share $Home Depot cuts sales outlook as consumer spending falls on X Germany’s economic outlook ‘breaking down’, says ZEW
Investors will be watching for signs of consumer weakness when the world’s largest home improvement company reports second-quarter results. Home Depot has acknowledged for several quarters that shoppers have reined in spending on big-ticket items. It will again be scrutinised for its observations given that several consumer goods giants havewaning demand over the summer. The do-it-yourself retailer is expected to post a nearly 4 per cent fall in reported earnings to $4.47 per share.
It said Eklund had achieved his goal under a five-year plan he presented in 2020 of “doubling both the number of customers and the revenue per customer”. Nasser Kanaani, the Iranian foreign ministry’s spokesperson, criticised the European statement as an “excessive demand” lacking “political logic”, particularly since it failed to address what he described as the “crimes and international offences of the Zionist regime” in Gaza.Share $Iranian foreign ministry condemns Western demands on Facebook The region-wide Stoxx 600 index rose 0.4 per cent in early trading, with the same rise recorded by France’s Cac 40 and Germany’s Dax.
On Monday, the company announced that it was part of an investment consortium led by Swedish private equity firm EQT that acquired a 35 per cent stake in the Munich-based Flix, which offers low-cost international bus fares.Share $Volkswagen’s Porsche-Piëch family on bargain hunt in deflated market on X
The envoy’s comments come after Washington warned on Monday that Iran or its proxies could launch a retaliatory strike on Israel this week over the assassinations of Hamas and Hizbollah leaders.
The Topix rose 2.4 per cent and the Nikkei 225 added 2.6 per cent, well ahead of other indices from the region. Among the top contributors to the Topix’s rise were robotics maker Keyence as well as semiconductor groups Tokyo Electron, Lasertec and Disco Corporation. Singapore, as a trade-heavy economy, faces threats from a potential US recession, geopolitical tensions, and an uncertain outlook for China.
Other Asian stock indices were more muted, with Taiwan’s Taiex flat and South Korea’s Kospi edging down 0.1 per cent after both registered strong gains on Monday. Trump said “we have enemies on the outside and enemies on the inside” but the latter were “more dangerous”. He also said that he had been hit at a “perfect angle” which allowed him to escape with a minor injury, calling it a “miracle”.
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