Warning: include(html/og-image.html): failed to open stream: No such file or directory in /home/u175552163/domains/wetdollars.com/public_html/wp-content/plugins/featured-image-from-url/includes/thumbnail.php on line 94

Warning: include(): Failed opening 'html/og-image.html' for inclusion (include_path='.:/opt/alt/php74/usr/share/pear') in /home/u175552163/domains/wetdollars.com/public_html/wp-content/plugins/featured-image-from-url/includes/thumbnail.php on line 94

Warning: include(html/social.html): failed to open stream: No such file or directory in /home/u175552163/domains/wetdollars.com/public_html/wp-content/plugins/featured-image-from-url/includes/thumbnail.php on line 98

Warning: include(): Failed opening 'html/social.html' for inclusion (include_path='.:/opt/alt/php74/usr/share/pear') in /home/u175552163/domains/wetdollars.com/public_html/wp-content/plugins/featured-image-from-url/includes/thumbnail.php on line 98

Warning: include(html/twitter-image.html): failed to open stream: No such file or directory in /home/u175552163/domains/wetdollars.com/public_html/wp-content/plugins/featured-image-from-url/includes/thumbnail.php on line 103

Warning: include(): Failed opening 'html/twitter-image.html' for inclusion (include_path='.:/opt/alt/php74/usr/share/pear') in /home/u175552163/domains/wetdollars.com/public_html/wp-content/plugins/featured-image-from-url/includes/thumbnail.php on line 103
Stock market: China reassures, rates worry - Finance

Stock market: China reassures, rates worry – Finance

European stock markets closed higher, reassured by the evolution of the Covid epidemic in China. Beijing and Shanghai reported no cases of local transmission on Tuesday for the first time since late February. The country has also reduced the quarantine period imposed on travelers arriving from abroad.

However, market growth was held back late in the session by rising rates due to lingering inflation fears.

News : Nike – Puma

Nike fell 5% at mid-session on Wall Street after the publication of its quarterly report. The announcement of an $18 billion share buyback program did not overshadow the decline in sales in the past quarter. Its turnover fell by 20% in China because of the health situation, but it is above all the unexpected drop of 5% in sales in North America that worries. The sports equipment manufacturer also saw its stocks jump by 23% and expects to have to grant more reductions during its 2022-2023 financial year which has just begun. Gloomy prospects that have weighed on the entire sector in the image Adidas or Puma on the Frankfurt Stock Exchange.

Euronext Brussels: AB InBev – Unified Post / Sofina – Fagron

On Euronext Brussels, AB InBev (+2%) supported the growth of the Bel 20.

UnifiedPost (+8.6%) rebounded on Tuesday, somewhat offsetting its losses in recent weeks.

On the downside, the holding Sofina (-3%) fell following news about Byju’s, its largest holding. The Indian company would have requested a payment deferral for an acquisition according to the Bloomberg agency.

fagron (-9.6%) fell following a warning from US health authorities for one of its production sites in the United States.

However, market growth was slowed down at the end of the session by the rise in rates due to the persistence of inflationary fears.News: Nike – PumaNike fell 5% at mid-session on Wall Street after the publication of its report quarterly. The announcement of an $18 billion share buyback program did not overshadow the decline in sales in the past quarter. Its turnover fell by 20% in China because of the health situation, but it is above all the unexpected drop of 5% in sales in North America that worries. The sports equipment manufacturer also saw its stocks jump by 23% and expects to have to grant more reductions during its 2022-2023 financial year which has just begun. Gloomy prospects that weighed on the entire sector like Adidas or Puma on the Frankfurt Stock Exchange. Euronext Brussels: AB InBev – Unified Post / Sofina – Fagron On Euronext Brussels, AB InBev (+ 2%) supported the growth of the Bel 20. UnifiedPost (+8.6%) rebounded on Tuesday, somewhat wiping out its losses of recent weeks. On the downside, the Sofina holding company (-3%) fell following information about Byju’s, its main holding. The Indian company would have requested a payment deferral for an acquisition according to the Bloomberg agency. Fagron (-9.6%) fell following a warning from the American health authorities for one of its production sites in the United States .

.

Comments

0 comments

Leave a Comment

Your email address will not be published. Required fields are marked *