Marketmind: Parsing the peak, sidestepping a slump
A look at the day ahead in U.S. and global markets from Mike Dolan. There’s no shortage of economic gloom about but optimists have reasons …
slump
China passenger vehicle sales rise in Dec, Tesla sales slump 41% – data
SHANGHAI (Reuters) – China’s passenger car sales rose 2.4% in December as consumers rushed to make use of a subsidy for electric vehicles (EV) before …
South Korea Dec factory activity weakens on demand slump, trucker strike – PMI
SEOUL (Reuters) – South Korea’s factory activity shrank for a sixth consecutive month in December, a business survey showed on Monday, as the global economic …
Corporate China struggles with supply snags, demand slump as COVID cases spread
By Casey Hall, Martin Quin Pollard and Joe Cash SHANGHAI/BEIJING (Reuters) – As China’s massive wave of COVID-19 infections begins its march across a country …
Russia’s Magnit races to open discount stores as living standards slump
MOSCOW (Reuters) – Russian supermarket chain Magnit plans to continue the rapid roll-out of discount stores next year as shoppers across the country turn to …
Cryptoverse: Jump or slump? $30k or $5k? Play the bitcoin roulette
By Medha Singh and Lisa Pauline Mattackal (Reuters) – Plucky bitcoin’s been holding steady since seeing off the chaos of the FTX collapse, gathering its …
Russian economy has overcome short-term slump caused by mobilisation – central bank
MOSCOW (Reuters) – Russia’s economy has overcome the short-term slump caused by President Vladimir Putin’s partial mobilisation order, but the disinflationary impact it had in …
Russia’s car sales slump continues, down 61.6% y/y in November
MOSCOW (Reuters) -Russia’s automobile market slump extended into November, the Association of European Businesses (AEB) said on Tuesday, with sales of new cars down 61.6% …
Bank of Montreal posts lower quarterly profit as capital markets slump
(Reuters) – Canada’s Bank of Montreal posted a lower fourth-quarter profit on Thursday, as revenue from its capital markets business tumbled and the lender increased …
Australia house prices forecast to slump 16% from peak- Reuters poll
By Vivek Mishra BENGALURU (Reuters) – Australian housing prices that are on a steep decline will likely fall further next year, according to a Reuters …
South Korea looks to spur exports to overcome slump
By Choonsik Yoo SEOUL (Reuters) – South Korean President Yoon Suk-yeol said on Wednesday the government would aid companies with the promotion of exports to …
Chinese investors burnt by bond slump urged to have ‘serene heart’
SHANGHAI (Reuters) – Sharp declines in Chinese bond prices as the government takes steps to boost the economy have prompted an investor outcry and a …
Japan’s biggest bank Mitsubishi UFJ reports 70.5% slump in Q2 profit
TOKYO (Reuters) – Mitsubishi UFJ Financial Group Inc, Japan’s largest lender by assets, on Monday reported a 70.5% slide in second-quarter net profit because of …
UK services slump at fastest pace since early 2021 – PMI
LONDON (Reuters) – The biggest downturn since January 2021 hit British services companies last month, although it was not as severe as first estimated, according …
Qualcomm revenue forecast falls short as smartphone sales slump; shares slide
By Chavi Mehta and Jane Lanhee Lee (Reuters) -Qualcomm Inc’s forecast for holiday-quarter revenue fell about $2 billion short of Street estimates, as the chipmaker …
Economic slump nudges down platinum and palladium forecasts – Reuters poll
By Eileen Soreng and Peter Hobson (Reuters) – Analysts and traders have downgraded their forecasts for platinum and palladium prices next year as a global …
In ‘unprecedented’ global chip slump, SK Hynix to halve investment as recession looms
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s SK Hynix Inc warned on Wednesday of an “unprecedented deterioration” in memory chip demand, deepening …
Microsoft revenue forecast under threat from PC market slump, mighty dollar
By Yuvraj Malik (Reuters) – Microsoft Corp is set to post its slowest quarterly revenue growth in over five years on Tuesday, with some analysts …
Uber, Lyft slump as U.S. proposal on workers a potential blow to gig economy
(Reuters) – Shares of Uber Inc, Lyft Inc and Doordash Inc fell about 10% on Tuesday on fears that a U.S. proposal to deter companies …
UK gilts slump as government fails to woo investors
By Andy Bruce LONDON (Reuters) – British government bond prices tumbled on Monday in a sign that investors are yet to be convinced by Finance …
Shares in French TV group M6 slump after RTL scraps plan to sell stake
PARIS (Reuters) – Shares in French TV company M6 slumped on Tuesday after Bertelsmann’s RTL Group scrapped a plan to sell its controlling stake in …
Bed, Bath & Beyond investors watching merchandise mix during sales slump
By Arriana McLymore NEW YORK, NY (Reuters) – Bed Bath & Beyond investors will be closely watching the home goods retailer’s second quarter earnings on …
Pakistan’s bonds slump on report UN DP to recommend debt restructuring
LONDON (Reuters) – Pakistan’s bonds slumped on Friday, leaving many at half of their face value after a Financial Times report that the United Nations …
Rising rates, price slump deal double blow to Hong Kong homeowners
By Clare Jim HONG KONG (Reuters) – When Stephanie Cheung bought a small, two-bedroom apartment for HK$7.7 million ($981,041) as an investment in April 2021, …
German exports beyond the EU slump in July
BERLIN (Reuters) – German exports beyond the European Union fell by 7.6% on the month in July, the Federal Statistics Office said on Monday, marking …
Thailand’s investment pledges slump in H1 as foreign projects wane
BANGKOK (Reuters) – Investment applications in Thailand dropped by 42% in the first half of 2022 compared to the same period last year, official data …
German industrial orders slump less than expected
BERLIN – German industrial orders posted a smaller-than-expected month-on-month drop in June, data showed on Thursday. Orders for industrial goods fell by 0.4% on the …
German manufacturing sector contracts as new orders slump – PMI
BERLIN – Germany’s manufacturing sector contracted in July for the first time in over two years, hurt by a deepening slump in new orders that …
Polish manufacturing slump deepens as output plunges -PMI
WARSAW – The downturn in Polish manufacturing accelerated in July, a survey showed on Monday, as output and new orders fell sharply due to an …
Japan slashes fiscal year GDP growth f’cast to 2.0% on global demand slump
By Daniel Leussink TOKYO – Japan’s government slashed its economic growth forecast for this fiscal year largely due to slowing overseas demand, highlighting the impact …
U.S. banks take hit on leveraged loans as deals slump, rates rise
By Saeed Azhar and Elizabeth Dilts Marshall NEW YORK – U.S. banks have started taking a hit on their leveraged loans’ exposure as the outlook …
Wall Street banks’ Q2 trading revenue likely to surge, softening blow from deal slump
By Saeed Azhar NEW YORK – A surge in trading revenue powered by volatile markets should partially offset a slump in M&A and equity and …
Babel Finance suspends withdrawals as crypto markets slump
(Reuters) – Hong Kong-based Babel Finance temporarily suspended the withdrawals and redemption of crypto assets on Friday, as the crypto lender scrambles to pay its …
ARK’s Cathie Wood keeps focus on deflation as fund slump continues
By David Randall NEW YORK – Slowing global economic growth will soon make deflation – rather than inflation – the greatest driver in financial markets, …
Tourism rebounds in Portugal from pandemic slump, but return to record unlikely
By Sergio Goncalves LISBON – Tourism is rebounding more quickly in Portugal than in some parts of Europe, but the number of foreign visitors this …
Russian mobile operator MTS reports 76.2% y/y slump in Q1 net profit
(Reuters) – Russia’s biggest mobile operator MTS on Wednesday reported a 76.2% year-on-year drop in first-quarter net profit to 3.9 billion roubles ($62.9 million), which …
Morgan Stanley sees Ukraine GDP slump by 60% in 2022 if “no clear resolution”
LONDON – Morgan Stanley said on Wednesday Ukraine’s economy could slump as much as 60% year-on-year in 2022 in case of a “more prolonged conflict …
Valneva shares slump after COVID vaccine deal with EU falls apart
By Natalie Grover (Reuters) -Valneva lost nearly a fifth of its value on Monday after the French drugmaker said its COVID-19 vaccine agreement with the …
Japan’s economy to suffer Q1 slump on lower consumption
TOKYO – Japan’s economy likely contracted in the first three months of this year as the lingering fallout from the COVID-19 pandemic took a toll …
Netflix shareholders sue over subscription slump disclosures
By Jody Godoy (Reuters) – Netflix Inc has been hit with a shareholder lawsuit in a U.S. court in California accusing the streaming entertainment company …
Securitas grows profit as demand recovers from pandemic slump
STOCKHOLM -Security services group Securitas reported on Wednesday a rise in first-quarter profit that matched expectations helped by strong sales growth in Europe. Operating profit …
Toyota reports record high global production for March, despite slump at home
TOKYO – Toyota Motor Corp on Wednesday posted record high global production in March, as overseas production made up for a drop off at home, …
Russia’s new car sales slump 63% year on year in March
(Reuters) – New car sales in Russia fell 62.9% year-on-year in March, contracting for a ninth straight month, as the industry encountered an acute shortage …
Spain March car sales slump as trucker strike adds to industry woes
MADRID – New car registrations in Spain fell more than 30% in March as a partial trucker strike delayed deliveries of vehicles and parts and …
Mexico’s Grupo Aeromexico shares slump after public tender offer closes
MEXICO CITY, Mar 15 – Mexico’s Grupo Aeromexico shares plunged for a fourth day in a row on Tuesday after nearly a fifth of the …
SocGen and Renault shares slump after sanctions on Russia
PARIS – Shares in Societe Generale, the French bank that owns Russia’s Rosbank, and carmaker Renault slumped on Monday after Western nations imposed sanctions on …
Australia’s IAG cash earnings slump 62% as natural hazard claims surge
– Insurance Australia Group beat profit and dividend estimates on Friday for the first half, even as higher claims tied to natural disasters, including severe …