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Stocks and Indices

Date : 2023-08-03
Time : 10:00:00
Stocks and Indices
  • Aero-engineer Rolls-Royce (OTC:RYCEY) reported underlying operating profit of 673 million pounds ($855 million) in its first half, more than five times the level of a year ago, led by a large improvement in its civil aerospace margin.
  • Adidas (ETR:ADSGN) sales should fall only slightly in 2023, a better outcome than previously expected, the sportswear giant said on Thursday, confirming that a release of Yeezy shoes helped narrow a projected loss for the year.
  • Germany's Merck KGaA (ETR:MRCG) on Thursday warned of a steeper earnings decline on a slump in demand for materials used to produce pharmaceuticals and semiconductors, as its high-tech niche markets get drawn into a wider downturn.
  • BMW (ETR:BMWG) on Thursday reported significantly higher revenues for the first half at 74 billion euros ($80.87 billion), due in part to the integration of its Chinese joint venture BMW Brilliance Automotive (BBA) as well as higher sales and pricing.
  • Asian shares stumbled on Thursday as U.S. bonds yields hit nine-month peaks and pushed the dollar higher, while investors waited anxiously to see if results from Apple (NASDAQ:AAPL) and Amazon justified the tech sector's sky-high valuations.
  • European stock markets are expected to open largely unchanged Thursday, with investors cautious ahead of a Bank of England rate decision, key inflation and services activity data and a plethora of corporate earnings, including tech giant Apple.
  • Singapore-based Grab Holdings is preparing its biggest round of layoffs since the pandemic, Bloomberg News reported on Tuesday, citing people familiar with the matter.
  • Stocks in Asia fell on Tuesday as investors worried China's latest rate cut would not be enough to boost confidence in the weakening economy and hoped for a bigger stimulus package from Beijing.
  • MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.72%. China's benchmark CSI was mostly flat although Hong Kong shares and mainland property stocks skidded after the rate cut disappointment.

 

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