- This topic has 84 replies, 4 voices, and was last updated 2 months, 2 weeks ago by
.
- Posts
KeyCorp in slides: reduces FY23 net interest income guidance to up +1-4% yr/yr from up +6-9%.
KEY down 2.5%DXC Technology terminates discussions with a financial sponsor regarding a potential acquisition…
DXC down 3.6%BAE Systems (BAESY) awarded a $245.6 mln US Army contract for Armored Multi-Purpose Vehicles
BAE Systems (BAESY) receives $256 million full-rate production contract from U.S. Marine Corps for additional Amphibious Combat VehiclesImmersion (IMMR) has filed patent infringement lawsuits against several companies of the Xiaomi-Group in Germany, France and India
Equity indices in the Asia-Pacific region ended Tuesday on a mixed note while India’s markets were closed for Holi.
—Equity Markets—
Japan’s Nikkei: +0.3%
Hong Kong’s Hang Seng: -0.3%
China’s Shanghai Composite: -1.1%
India’s Sensex: CLOSED
South Korea’s Kospi: UNCH
Australia’s ASX All Ordinaries: +0.5%China reported a larger than expected trade surplus for February even though both imports and exports decreased for the first time since May 2020. China Securities Daily speculated that the People’s Bank of China could cut its reserve requirement ratio soon.
South Korea will halt its WTO complaint against Japan and will seek to relax export curbs imposed in 2019. The Reserve Bank of Australia increased its cash rate by 25 bps to 3.60%, as expected.
China’s February trade surplus $116.88 bln (expected surplus of $81.80 bln; last surplus of $78.01 bln). February Imports -10.2% yr/yr (expected -5.5%; last -7.5%) and Exports -6.8% yr/yr (expected -9.4%; last -9.9%)
Japan’s January Average Cash Earnings 0.8% yr/yr (expected 1.9%; last 4.1%)
South Korea’s Q4 GDP -0.4% qtr/qtr, as expected (last 0.3%); 1.3% yr/yr (expected 1.4%; last 1.3%)
Australia’s January Retail Sales 1.9% m/m, as expected (last -4.0%). January trade surplus AUD11.69 bln (expected surplus of AUD 12.50 bln; last surplus of AUD12.24 bln). January Imports 5.0% m/m (last 1.0%) and Exports 1.0% (last -1.0%)
Major European indices trade near their flat lines
—Equity Markets—
STOXX Europe 600: UNCH
Germany’s DAX: UNCH
U.K.’s FTSE 100: +0.3%
France’s CAC 40: +0.2%
Italy’s FTSE MIB: +0.1%
Spain’s IBEX 35: UNCH
DKS and META move higherEuropean Central Bank policymaker de Cos said that CPI will remain high in the short-term, but he also expects that Spain’s GDP outlook will be revised higher while the CPI forecast will be revised lower.
Bank of England policymaker Mann expressed a concern over persistent core inflation.
There is a growing number of labor strikes in France over the government’s pension reform plan.
Germany’s January Factory Orders 1.0% m/m (expected -0.9%; last 3.4%)
U.K.’s February Halifax House Price Index 1.1% m/m (expected -0.3%; last 0.2%); 2.1% yr/yr (last 2.1%)
Spain’s January Industrial Production -0.4% yr/yr (expected -0.6%; last 0.7%)
Swiss February Unemployment Rate 1.9%, as expected (last 1.9%)
Dick’s Sporting Goods (DKS 138.30, +6.16, +4.7%): beats by $0.04, beats on revs; raises quarterly dividend 105%
Nutanix (NTNX 27.10, -1.67, -5.8%): reports Q2 results; beats on revs; guides AprQ revs above consensus; guides FY23 revs above consensus; to delay 10-Q, not reporting EPS todayThor Industries (THO 82.52, -10.06, -10.9%): misses by $0.64, misses on revs; lowers FY23 EPS below consensus, revs below consensus
Cara Therapeutics (CARA 7.10, -2.92, -29.1%): misses by $0.21, misses on revs
Squarespace (SQSP 27.70, +3.66, +15.2%): reports Q4 (Dec) results, beats on revs; guides Q1 revs above consensus; guides FY23 revs above consensus
Meta Platforms (META 187.45, +2.55, +1.4%): More layoffs expected at Meta Platforms, according to Bloomberg
Juniper Networks (JNPR 31.63, +0.30, +1.0%): Goldman Sachs initiated coverage with Buy rating and price target of $39
Rivian (RIVN 15.85, -1.28, -7.5%): intends to offer $1.3 bln of green convertible senior notes due 2029
- You must be logged in to reply to this topic.