Market Update
Europe Movers: ASML, Ryanair, Siemens, STMicroelectronics
Inga Muller
27 Jan, 2025
Frankfurt
Sharp losses in artificial intelligence-linked stocks dragged down broader averages across markets in Europe. Investors are gearing up for a busy earnings season this week.
The DAX index moved lower by 1.4% to 21,102.92; the CAC-40 index fell 1.1% to 7,849.02; and the FTSE 100 index eased by 0.2% to 8,487.62.
The yield on 10-year German bonds inched lower to 2.49%, French bonds declined to 3.26%, the UK gilts fell to 4.64%, and Italian bonds edged lower to 3.62%.
Artificial intelligence-related stocks fell sharply after the China-based DeepSeek's models were deemed to be better and cheaper than the ones available from the U.S.-based technology companies.
ASML Holding dropped 9% to €632.80, STMicroelectronics declined 2.2% to €23.79, and Siemens AG decreased 4.6% to €198.70.
Ryanair Holdings Plc gained 0.6% to €19.81 after the Irish airline carrier posted a 9% increase in passenger traffic at marginally higher fares supported by the stronger Christmas and New Year bookings.
Revenue in the third quarter ending in December increased 10% to €2.96 billion from €2.70 billion; profit rose to €148.6 million from €14.8 million, and earnings per diluted share edged up to €0.14 from €0.013 from a year ago.
Operating costs rose 8% to €2.93 billion as fuel hedge savings offset higher staff and other costs related to Boeing delivery delays.
For the nine-month period ending in December, operating revenue rose 3% to €11.65 billion from €11.27 billion; profit attributable to shareholders decreased 12% to €1.9 billion from €2.2 billion a year earlier, and earnings per diluted share declined to €1.74 from €1.92 a year earlier.
The discount airline said it completed over 50% of its €800 million stock repurchase as of December 31, and the company announced an interim cash dividend of 22.3 euro cents to shareholders payable on February 26.
Ryanair said it plans to repay a maturing €850 million debt in September 2025 from internal cash accruals.
The low-cost airline estimated annual earnings per share to range between 1.55 and 1.61, and passenger traffic is expected to cross 200 million in the fiscal year.
European Markets Dropped 1% Following Sharp Losses In Artificial Intelligence-Linked Stocks
Bridgette Randall
27 Jan, 2025
London
Stock market indexes in Europe dropped sharply following losses in artificial intelligence-related stocks, and investors awaited decisions from major central banks this week.
Benchmark indexes in Paris, Frankfurt, Milan, and London dropped as much as 2% before recovering to losses between 0.5% and 1% after artificial intelligence-linked stocks plunged more than 5% amid rising competition from China.
On Thursday, the European Central Bank is widely anticipated to trim its key lending rates amid weak economic outlook and weakening inflationary pressures.
The European Central Bank is expected to lower its policy rates by 25 basis points, but Sweden’s Riksbank may pause after trimming rates three times in a row.
Investors are also awaiting the release of GDP growth data in the eurozone, Germany, France, and Italy.
Moreover, Germany’s retail sales and Switzerland’s foreign trade data are likely to garner headlines next week.
On Thursday, the U.S. Federal Reserve is likely to hold rates at the end of its two-day policy meeting, as policymakers struggle to balance strong economic growth with resurgent inflationary pressures.
In addition, investors are looking forward to the release of corporate results from about 80 companies in Europe, including updates from LVMH, SAP, ASML, Lonza Group, Roche, Shell, ABB, Alas Copco, and Logitech.
Europe Indexes and Yields
The DAX index moved lower by 1.4% to 21,102.92; the CAC-40 index fell 1.1% to 7,849.02; and the FTSE 100 index eased by 0.2% to 8,487.62.
The yield on 10-year German bonds inched lower to 2.49%, French bonds declined to 3.26%, the UK gilts fell to 4.64%, and Italian bonds edged lower to 3.62%.
The euro was flat at $1.05; the British pound was flat at $1.24; and the U.S. dollar was higher at 90.59 Swiss cents.
Brent crude decreased $0.27 to $78.23 a barrel, and the Dutch TTF natural gas was flat at €49.91 per MWh.
Europe Stock Movers
Ryanair Holdings Plc gained 0.6% to €19.81 after the Irish airline carrier posted a 9% increase in passenger traffic at marginally higher fares supported by the stronger Christmas and New Year bookings.
Artificial intelligence-related stocks fell sharply after the China-based DeepSeek's models were deemed to be better and cheaper than the ones available from the U.S.-based technology companies.
ASML Holding dropped 9% to €632.80, STMicroelectronics declined 2.2% to €23.79, and Siemens AG decreased 4.6% to €198.70.
European Markets Dropped 1% Following Sharp Losses In Artificial Intelligence-Linked Stocks
Bridgette Randall
27 Jan, 2025
London
Stock market indexes in Europe dropped sharply following losses in artificial intelligence-related stocks, and investors awaited decisions from major central banks this week.
Benchmark indexes in Paris, Frankfurt, Milan, and London dropped as much as 2% before recovering to losses between 0.5% and 1% after artificial intelligence-linked stocks plunged more than 5% amid rising competition from China.
On Thursday, the European Central Bank is widely anticipated to trim its key lending rates amid weak economic outlook and weakening inflationary pressures.
The European Central Bank is expected to lower its policy rates by 25 basis points, but Sweden’s Riksbank may pause after trimming rates three times in a row.
Investors are also awaiting the release of GDP growth data in the eurozone, Germany, France, and Italy.
Moreover, Germany’s retail sales and Switzerland’s foreign trade data are likely to garner headlines next week.
On Thursday, the U.S. Federal Reserve is likely to hold rates at the end of its two-day policy meeting, as policymakers struggle to balance strong economic growth with resurgent inflationary pressures.
In addition, investors are looking forward to the release of corporate results from about 80 companies in Europe, including updates from LVMH, SAP, ASML, Lonza Group, Roche, Shell, ABB, Alas Copco, and Logitech.
Europe Indexes and Yields
The DAX index moved lower by 1.4% to 21,102.92; the CAC-40 index fell 1.1% to 7,849.02; and the FTSE 100 index eased by 0.2% to 8,487.62.
The yield on 10-year German bonds inched lower to 2.49%, French bonds declined to 3.26%, the UK gilts fell to 4.64%, and Italian bonds edged lower to 3.62%.
The euro was flat at $1.05; the British pound was flat at $1.24; and the U.S. dollar was higher at 90.59 Swiss cents.
Brent crude decreased $0.27 to $78.23 a barrel, and the Dutch TTF natural gas was flat at €49.91 per MWh.
Europe Stock Movers
Ryanair Holdings Plc gained 0.6% to €19.81 after the Irish airline carrier posted a 9% increase in passenger traffic at marginally higher fares supported by the stronger Christmas and New Year bookings.
Artificial intelligence-related stocks fell sharply after the China-based DeepSeek's models were deemed to be better and cheaper than the ones available from the U.S.-based technology companies.
ASML Holding dropped 9% to €632.80, STMicroelectronics declined 2.2% to €23.79, and Siemens AG decreased 4.6% to €198.70.
Japan's Indexes Struggled After Weakness In Tech Stocks
Akira Ito
27 Jan, 2025
Tokyo
Stock market indexes in Tokyo erased early gains after the weakness in tech stocks weighed on broader market sentiment.
The Nikkei 225 stock average decreased 0.9%, and the broader TOPIX increased 0.3%, as investors reviewed the latest rate decisions by the Bank of Japan.
The Japanese yen traded around 155.85 against the U.S. dollar after Bank of Japan Governor Kazuo Ueda signaled possible additional rate cuts in the near future.
Policymakers also revised the inflation outlook higher for the current and next fiscal years, indicating that they are ready to raise rates if necessary.
Investors are looking ahead to a flood of economic updates later in the week, and the Tokyo-area consumer price inflation is also on tap.
Industrial output, jobless rate, retail sales, and housing starts data are set to be released at the end of the week, and investors are looking for clues about the health of the economy.
Japan's GDP in the current fiscal year ending in March is expected to grow less than 0.5% and rise about 1% in the fiscal year ending in March 2026.
Asian markets lacked direction amid ongoing policy chaos in the U.S. and the lack of political will to lower huge federal government debt, which is increasingly financed by foreign investors.
Japan Stock Movers
The Nikkei 225 Stock Average decreased 0.9% to 39,565.80, and the broader TOPIX increased 0.3% to 2,758.07.
Tokyo Electron decreased 4.9% to ¥25,805.0, Advantest Corp. dropped 8.6% to ¥9,185.0, and Disco Corp. declined 1.8% to ¥46,580.0.
Seven & I Holdings increased 0.3% to ¥2,435.0, Isetan Mitsukoshi rose 4.9% to ¥2,588.50, J. Front Retailing gained 3.3% to ¥2,079.50, and Fast Retailing advanced 0.6% to ¥50,000.0.
Mitsubishi UFJ Financial Group added 0.7% to ¥1,921.00, Sumitomo Mitsui Financial Group gained 1.9% to ¥3,808.00, and Mizuho Financial added 1.6% to ¥4,049.0.
Japan's Stoc Indexes Struggled After Weakness In Tech Stocks
Akira Ito
27 Jan, 2025
Tokyo
Stock market indexes in Tokyo erased early gains after the weakness in tech stocks weighed on broader market sentiment.
The Nikkei 225 stock average decreased 0.9%, and the broader TOPIX increased 0.3%, as investors reviewed the latest rate decisions by the Bank of Japan.
The Japanese yen traded around 155.85 against the U.S. dollar after Bank of Japan Governor Kazuo Ueda signaled possible additional rate cuts in the near future.
Policymakers also revised the inflation outlook higher for the current and next fiscal years, indicating that they are ready to raise rates if necessary.
Investors are looking ahead to a flood of economic updates later in the week, and the Tokyo-area consumer price inflation is also on tap.
Industrial output, jobless rate, retail sales, and housing starts data are set to be released at the end of the week, and investors are looking for clues about the health of the economy.
Japan's GDP in the current fiscal year ending in March is expected to grow less than 0.5% and rise about 1% in the fiscal year ending in March 2026.
Asian markets lacked direction amid ongoing policy chaos in the U.S. and the lack of political will to lower huge federal government debt, which is increasingly financed by foreign investors.
Japan Stock Movers
The Nikkei 225 Stock Average decreased 0.9% to 39,565.80, and the broader TOPIX increased 0.3% to 2,758.07.
Tokyo Electron decreased 4.9% to ¥25,805.0, Advantest Corp. dropped 8.6% to ¥9,185.0, and Disco Corp. declined 1.8% to ¥46,580.0.
Seven & I Holdings increased 0.3% to ¥2,435.0, Isetan Mitsukoshi rose 4.9% to ¥2,588.50, J. Front Retailing gained 3.3% to ¥2,079.50, and Fast Retailing advanced 0.6% to ¥50,000.0.
Mitsubishi UFJ Financial Group added 0.7% to ¥1,921.00, Sumitomo Mitsui Financial Group gained 1.9% to ¥3,808.00, and Mizuho Financial added 1.6% to ¥4,049.0.
China Business Activities Growth Slowed Ahead of Lunar New Year Holidays
Li Chen
27 Jan, 2025
Hong Kong
Financial markets in China and Hong Kong advanced after the top financial regulator announced additional measures to shore up faltering stock market confidence.
The Hang Seng index increased 1%, and the mainland-focused CSI 300 index advanced a fraction.
The China Securities Regulatory Commission announced measures to facilitate investment in index-linked funds and also expanded its list of insurance companies required to invest a portion of premiums on new policies in onshore stock markets.
Twin moves by the regulatory agency are part of a plan to arrest the further decline in financial markets after five years of weakness and increase the attractiveness of Chinese stocks to foreign investors.
Market sentiment was cautious after the latest official survey showed a slowdown in growth in activities in the manufacturing and services sector in January.
The official Manufacturing Purchasing Managers' Index decreased to 49.1 from 50.1 in December, indicating a slowdown ahead of the Lunar New Year holidays.
China's official non-manufacturing Purchasing Managers' Index fell to 50.2 in January from a nine-month high of 52.2 in December.
Financial markets in China will remain closed from January 28 to February 4, and in Hong Kong, they will close from midday January 28 to January 31.
The National Bureau of Statistics on Monday released two surveys indicating the updates in business activities.
China Stock Movers
The Hang Seng index increased 1% to 20,257.34, and the CSI 300 index advanced 0.1% to 3,836.30.
Beijing Haibo Sichuang Technology soared more than 230% to 61.43 yuan in Shanghai after the electrochemical storage company completed its initial public offering.
The storage company sold 44.4 million shares and raised 783 million yuan.
Yalian Machinery surged 180% to 54.14 yuan in Shenzhen after the wood-based panel machinery company priced its share at 19.08 yuan in an initial public offering.
Yalian sold 21.8 million shares and raised 416 million yuan and listed its shares on the Shenzhen Stock Exchange.
China Business Activities Growth Slowed Ahead of Lunar New Year Holidays
Li Chen
27 Jan, 2025
Hong Kong
Financial markets in China and Hong Kong advanced after the top financial regulator announced additional measures to shore up faltering stock market confidence.
The Hang Seng index increased 1%, and the mainland-focused CSI 300 index advanced a fraction.
The China Securities Regulatory Commission announced measures to facilitate investment in index-linked funds and also expanded its list of insurance companies required to invest a portion of premiums on new policies in onshore stock markets.
Twin moves by the regulatory agency are part of a plan to arrest the further decline in financial markets after five years of weakness and increase the attractiveness of Chinese stocks to foreign investors.
Market sentiment was cautious after the latest official survey showed a slowdown in growth in activities in the manufacturing and services sector in January.
The official Manufacturing Purchasing Managers' Index decreased to 49.1 from 50.1 in December, indicating a slowdown ahead of the Lunar New Year holidays.
China's official non-manufacturing Purchasing Managers' Index fell to 50.2 in January from a nine-month high of 52.2 in December.
Financial markets in China will remain closed from January 28 to February 4, and in Hong Kong, they will close from midday January 28 to January 31.
The National Bureau of Statistics on Monday released two surveys indicating the updates in business activities.
China Stock Movers
The Hang Seng index increased 1% to 20,257.34, and the CSI 300 index advanced 0.1% to 3,836.30.
Beijing Haibo Sichuang Technology soared more than 230% to 61.43 yuan in Shanghai after the electrochemical storage company completed its initial public offering.
The storage company sold 44.4 million shares and raised 783 million yuan.
Yalian Machinery surged 180% to 54.14 yuan in Shenzhen after the wood-based panel machinery company priced its share at 19.08 yuan in an initial public offering.
Yalian sold 21.8 million shares and raised 416 million yuan and listed its shares on the Shenzhen Stock Exchange.
India Movers: Andhra Cements, Au Small Finance, Bank of India, DLF, GPCL, JSW Steel, Laurus Labs, Shakti Pumps, Torrent Pharma
Arun Goswami
27 Jan, 2025
Mumbai
Stock market indexes in Mumbai headed lower ahead of the release of the Union Budget and rising geopolitical tensions.
The Sensex index decreased by 0.9% to 75,441.05, and the Nifty index decreased by 1.0% to 22,858.45
On the Mumbai stock exchange, 60 stocks traded at their 52-week highs, and 74 stocks traded at their 52-week lows.
The yield on the 10-year Indian government bonds inched lower to 6.7%, and the Indian rupee hovered near a record low and traded at 86.33 against the U.S. dollar.
Bank Of India fell 4% to ₹76.85 after the financial services provider reported a rise in revenue and net income in the fiscal third quarter.
Consolidated revenue in the December quarter increased to ₹8,629 crore from ₹ 7,579.9 crore, net income jumped to ₹1,929.1 crore from ₹1,480.8 crore, and diluted earnings per share rose to ₹1.81 from ₹1.40 a year ago.
Shakti Pumps (India) Ltd. Finance decreased 1.7% to ₹1,141.75 despite the company said profit soared 130% in the fiscal third quarter.
Consolidated revenue in the December quarter advanced to ₹652.7 crore from ₹497 crore, after-tax profit jumped to ₹104.1 crore from ₹45.2 crore, and diluted earnings per share jumped to ₹8.66 from ₹4.10 a year ago
Torrent Pharmaceuticals Ltd. increased 0.8% to ₹3,247.7 despite the company reporting higher income and revenue in the December quarter.
Consolidated revenue in the December quarter increased to ₹2,842 crore from ₹2,699 crore, net income advanced to ₹503 crore from ₹443 crore, and diluted earnings per share rose to ₹14.88 from ₹13.10 a year ago.
JSW Steel Ltd. plunged 1.7% to ₹917.05 and the company reported net profit dropped 70% in December quarter.
Consolidated revenue in the December quarter decreased to ₹41,525 crore from ₹42,143 crore, after-tax profit plunged to ₹719 crore from ₹2,450 crore, and diluted earnings per share fell to ₹2.93 from ₹9.88 a year ago.
Jindal Saw fell 4.7% to ₹234.20 and the company reported a decline in revenue and earnings in the fiscal third quarter.
Consolidated revenue in the December quarter decreased to ₹5,293.3 crore from ₹5,696.4 crore, after-tax profit fell to ₹479.4 crore from ₹512.4 crore, and diluted earnings per share jumped to ₹9.92 from ₹8.39 a year ago
Andhra Cements Ltd. dropped 1.6% to ₹70.86 after the company reported a decline in revenue and net loss in the fiscal third quarter.
Consolidated revenue in the December quarter decreased to ₹68.28 crore from ₹98.36 crore, loss has expanded to ₹43.7 crore from ₹30.57 crore, and diluted loss per share expanded to ₹4.74 from ₹2.30 a year ago.
Au Small Finance Bank Ltd. fell 6.6% to ₹554.60 despite the company reporting a rise in revenue and earnings the fiscal third quarter.
Consolidated revenue in the December quarter increased to ₹4,731.88 crore from ₹3,178.05 crore, after-tax profit rose to ₹528.44 crore from ₹375.24 crore, and diluted earnings per share jumped to ₹7.08 from ₹5.58 a year ago.
Laurus Labs Ltd. decreased 12.6% to ₹525 despite the company reporting a 260% jump in the fiscal third quarter.
Consolidated revenue in the December quarter increased to ₹1,424.4 crore from ₹1,197.3 crore, net income jumped to ₹90.61 crore from ₹25.17 crore, and diluted earnings per share rose to ₹1.71 from 43 paisa a year ago.
Godrej Consumer Products Ltd. plunged 0.42% to ₹1125.20 after the company reported December quarter results.
Consolidated revenue in the December quarter increased to ₹3,851 crore from ₹3,729 crore, net income declined to ₹498.31 crore from ₹581.06 crore, and diluted earnings per share fell to ₹4.87 from ₹5.68 a year ago.
DLF ltd. increased 2.32% to ₹711.20 after the company reported an increase in revenue and earnings In December quarter results.
Consolidated revenue in the December quarter increased to ₹1,737.4 crore from ₹1,643.5 crore, net income jumped to ₹1,058.7 crore from ₹655.7 crore, and diluted earnings per share rose to ₹4.28 from ₹2.65 a year ago.
India Movers: Andhra Cements, Au Small Finance, Bank of India, DLF, GPCL, JSW Steel, Laurus Labs, Shakti Pumps, Torrent Pharma
Arun Goswami
27 Jan, 2025
Mumbai
Stock market indexes in Mumbai headed lower ahead of the release of the Union Budget and rising geopolitical tensions.
The Sensex index decreased by 0.9% to 75,441.05, and the Nifty index decreased by 1.0% to 22,858.45
On the Mumbai stock exchange, 60 stocks traded at their 52-week highs, and 74 stocks traded at their 52-week lows.
The yield on the 10-year Indian government bonds inched lower to 6.7%, and the Indian rupee hovered near a record low and traded at 86.33 against the U.S. dollar.
Bank Of India fell 4% to ₹76.85 after the financial services provider reported a rise in revenue and net income in the fiscal third quarter.
Consolidated revenue in the December quarter increased to ₹8,629 crore from ₹ 7,579.9 crore, net income jumped to ₹1,929.1 crore from ₹1,480.8 crore, and diluted earnings per share rose to ₹1.81 from ₹1.40 a year ago.
Shakti Pumps (India) Ltd. Finance decreased 1.7% to ₹1,141.75 despite the company said profit soared 130% in the fiscal third quarter.
Consolidated revenue in the December quarter advanced to ₹652.7 crore from ₹497 crore, after-tax profit jumped to ₹104.1 crore from ₹45.2 crore, and diluted earnings per share jumped to ₹8.66 from ₹4.10 a year ago
Torrent Pharmaceuticals Ltd. increased 0.8% to ₹3,247.7 despite the company reporting higher income and revenue in the December quarter.
Consolidated revenue in the December quarter increased to ₹2,842 crore from ₹2,699 crore, net income advanced to ₹503 crore from ₹443 crore, and diluted earnings per share rose to ₹14.88 from ₹13.10 a year ago.
JSW Steel Ltd. plunged 1.7% to ₹917.05 and the company reported net profit dropped 70% in December quarter.
Consolidated revenue in the December quarter decreased to ₹41,525 crore from ₹42,143 crore, after-tax profit plunged to ₹719 crore from ₹2,450 crore, and diluted earnings per share fell to ₹2.93 from ₹9.88 a year ago.
Jindal Saw fell 4.7% to ₹234.20 and the company reported a decline in revenue and earnings in the fiscal third quarter.
Consolidated revenue in the December quarter decreased to ₹5,293.3 crore from ₹5,696.4 crore, after-tax profit fell to ₹479.4 crore from ₹512.4 crore, and diluted earnings per share jumped to ₹9.92 from ₹8.39 a year ago
Andhra Cements Ltd. dropped 1.6% to ₹70.86 after the company reported a decline in revenue and net loss in the fiscal third quarter.
Consolidated revenue in the December quarter decreased to ₹66.33 crore from ₹184.58 crore, net loss shrank to ₹43.7 crore from ₹ 102.2 crore, and diluted loss per share fell to ₹4.74 from ₹11.09 a year ago.
Au Small Finance Bank Ltd. fell 6.6% to ₹554.60 despite the company reporting a rise in revenue and earnings the fiscal third quarter.
Consolidated revenue in the December quarter increased to ₹4,731.88 crore from ₹3,178.05 crore, after-tax profit rose to ₹528.44 crore from ₹375.24 crore, and diluted earnings per share jumped to ₹7.08 from ₹5.58 a year ago.
Laurus Labs Ltd. decreased 12.6% to ₹525 despite the company reporting a 260% jump in the fiscal third quarter.
Consolidated revenue in the December quarter increased to ₹1,424.4 crore from ₹1,197.3 crore, net income jumped to ₹90.61 crore from ₹25.17 crore, and diluted earnings per share rose to ₹1.71 from 43 paisa a year ago.
Godrej Consumer Products Ltd. plunged 0.42% to ₹1125.20 after the company reported December quarter results.
Consolidated revenue in the December quarter increased to ₹3,851 crore from ₹3,729 crore, net income declined to ₹498.31 crore from ₹581.06 crore, and diluted earnings per share fell to ₹4.87 from ₹5.68 a year ago.
DLF ltd. increased 2.32% to ₹711.20 after the company reported an increase in revenue and earnings In December quarter results.
Consolidated revenue in the December quarter increased to ₹1,737.4 crore from ₹1,643.5 crore, net income jumped to ₹1,058.7 crore from ₹655.7 crore, and diluted earnings per share rose to ₹4.28 from ₹2.65 a year ago.
U.S. Movers: American Express, Boeing, CSX, Texas Instruments, Twilio, Union Pacific
Scott Peters
24 Jan, 2025
New York City
Boeing Company declined 1% to $176.66 after the aviation company released preliminary fourth-quarter results.
CSX Corp. decreased 4.2% to $32.25 after the railroad operator reported weaker-than-expected revenue in the fourth quarter.
The rail transportation and real estate company reported a 4% drop in fourth-quarter revenue despite lower fuel expenses.
Revenue declined 4% to $3.5 billion from $3.7 billion; net income fell 17% to $733 million from $882 million, and earnings per diluted share slipped to 38 cents from 45 cents a year ago.
The company’s cash flow dropped to $933 million from $1.3 billion, as property assets increased to $35.6 million from $34.7 million, and investments in affiliates and other companies climbed to $2.5 million from $2.4 million a year earlier.
Union Pacific Corp gained 5.2% to $248 after the railroad company reported a 7% rise in fourth-quarter earnings as carloads were up 5% and fuel expenses declined 23%.
Revenue dropped 1% to $6.1 billion from $6.2 billion; net income was up 7% to $1.8 billion from $1.7 billion, and earnings per share rose to $2.91 from $2.71 a year ago.
In 2025, the company expects share repurchases between $4 billion and $4.5 billion.
Texas Instruments decreased 4.9% to $191.28 after the advanced semiconductor company's current quarter earnings outlook disappointed some investors.
Twilio Inc. jumped 20% to $136.13 after the cloud communication software services provider estimated strong revenue growth in the years ahead.
The company also announced a $2 billion stock repurchase plan, supported by rising earnings and free cash flow.
American Express increased 1% to $324.90 after the charge card company posted record revenue in 2024.
Fourth-quarter revenue increased 8% to $17.2 billion from $15.8 billion; net income surged 12% to $2.2 billion from $1.9 billion, and earnings per diluted share rose to $3.04 from $2.62 a year ago.
The company plans to increase its quarterly dividend by 17% to 82 cents from 70 cents per share, beginning in the first quarter this year.
For fiscal 2025, American Express expects revenue growth between 8% and 10% and earnings per share to range between $15 and $15.50.
U.S. Movers: American Express, Boeing, CSX, Texas Instruments, Twilio, Union Pacific
Scott Peters
24 Jan, 2025
New York City
Boeing Company declined 1% to $176.66 after the aviation company released preliminary fourth-quarter results.
CSX Corp. decreased 4.2% to $32.25 after the railroad operator reported weaker-than-expected revenue in the fourth quarter.
The rail transportation and real estate company reported a 4% drop in fourth-quarter revenue despite lower fuel expenses.
Revenue declined 4% to $3.5 billion from $3.7 billion; net income fell 17% to $733 million from $882 million, and earnings per diluted share slipped to 38 cents from 45 cents a year ago.
The company’s cash flow dropped to $933 million from $1.3 billion, as property assets increased to $35.6 million from $34.7 million, and investments in affiliates and other companies climbed to $2.5 million from $2.4 million a year earlier.
Union Pacific Corp gained 5.2% to $248 after the railroad company reported a 7% rise in fourth-quarter earnings as carloads were up 5% and fuel expenses declined 23%.
Revenue dropped 1% to $6.1 billion from $6.2 billion; net income was up 7% to $1.8 billion from $1.7 billion, and earnings per share rose to $2.91 from $2.71 a year ago.
In 2025, the company expects share repurchases between $4 billion and $4.5 billion.
Texas Instruments decreased 4.9% to $191.28 after the advanced semiconductor company's current quarter earnings outlook disappointed some investors.
Twilio Inc. jumped 20% to $136.13 after the cloud communication software services provider estimated strong revenue growth in the years ahead.
The company also announced a $2 billion stock repurchase plan, supported by rising earnings and free cash flow.
American Express increased 1% to $324.90 after the charge card company posted record revenue in 2024.
Fourth-quarter revenue increased 8% to $17.2 billion from $15.8 billion; net income surged 12% to $2.2 billion from $1.9 billion, and earnings per diluted share rose to $3.04 from $2.62 a year ago.
The company plans to increase its quarterly dividend by 17% to 82 cents from 70 cents per share, beginning in the first quarter this year.
For fiscal 2025, American Express expects revenue growth between 8% and 10% and earnings per share to range between $15 and $15.50.
Wall Street Indexes Extend Rally to Second Consecutive Week
Barry Adams
24 Jan, 2025
New York City
Wall Street indexes were little changed in Friday's trading as investors reviewed the latest batch of mixed earnings and debated the future rate path amid resurgent inflation.
The S&P 500 index gained 0.04%, and the Nasdaq Composite advanced 0.2%, and investors looked ahead to the Federal Reserve's rate decisions next week.
The Federal Reserve is widely anticipated to hold rates steady at the end of its two-day policy meeting ending on January 29.
Investors are looking forward to the Fed's estimates on inflation, GDP, and the jobless rate for 2025.
Despite positive market enthusiasm on Wall Street, inflationary forces are expected to remain strong in 2025, largely because of the steady increase in services prices and a rebound in energy prices from a lower base in the previous year.
The Federal Reserve may be forced to keep higher interest rates for longer, and odds are rising that the central bank may be forced to consider an increase in rates in the second half.
Investors reacted to a fresh batch of mixed earnings from leading companies, including results from Boeing Company, CSX, Union Pacific, American Airlines, Texas Instruments, and Ericsson.
U.S. Indexes and Treasury Yields
The S&P 500 index gained 0.06% to 6,122.03, the Nasdaq Composite rose 0.2% to 20,056.97, and the Russell 2000 index edged up 0.5% to 2,314.60.
The yield on 2-year Treasury notes edged lower to 4.29%, 10-year Treasury notes dropped to 4.63%, and 30-year Treasury bonds inched up to 4.88%.
WTI crude oil increased $0.39 to $75.02 a barrel, and natural gas prices edged lower by $0.11 to $3.85 a thermal unit.
Gold increased by $20.17 to 2,774.81 an ounce, and silver edged up by $0.20 to $30.67.
The dollar index, which weighs the US currency against a basket of foreign currencies, eased by 0.48 to 107.63 and traded at a two-year high.
U.S. Stock Movers
Boeing Company declined 1% to $176.66 after the aviation company released preliminary fourth-quarter results.
CSX Corp. decreased 4.2% to $32.25 after the railroad operator reported weaker-than-expected revenue in the fourth quarter.
Texas Instruments decreased 4.9% to $191.28 after the advanced semiconductor company's current quarter earnings outlook disappointed some investors.
Twilio Inc. jumped 20% to $136.13 after the cloud communication software services provider estimated strong revenue growth in the years ahead.
The company also announced a $2 billion stock repurchase plan, supported by rising earnings and free cash flow.
American Express increased 1% to $324.90 after the charge card company posted record revenue in 2024.
Wall Street Index Extend Rally to Second Consecutive Week
Barry Adams
24 Jan, 2025
New York City
Wall Street indexes were little changed in Friday's trading as investors reviewed the latest batch of mixed earnings and debated the future rate path amid resurgent inflation.
The S&P 500 index gained 0.04%, and the Nasdaq Composite advanced 0.2%, and investors looked ahead to the Federal Reserve's rate decisions next week.
The Federal Reserve is widely anticipated to hold rates steady at the end of its two-day policy meeting ending on January 29.
Investors are looking forward to the Fed's estimates on inflation, GDP, and the jobless rate for 2025.
Despite positive market enthusiasm on Wall Street, inflationary forces are expected to remain strong in 2025, largely because of the steady increase in services prices and a rebound in energy prices from a lower base in the previous year.
The Federal Reserve may be forced to keep higher interest rates for longer, and odds are rising that the central bank may be forced to consider an increase in rates in the second half.
Investors reacted to a fresh batch of mixed earnings from leading companies, including results from Boeing Company, CSX, Union Pacific, American Airlines, Texas Instruments, and Ericsson.
U.S. Stock Movers
Boeing Company declined 1% to $176.66 after the aviation company released preliminary fourth-quarter results.
CSX Corp. decreased 4.2% to $32.25 after the railroad operator reported weaker-than-expected revenue in the fourth quarter.
Texas Instruments decreased 4.9% to $191.28 after the advanced semiconductor company's current quarter earnings outlook disappointed some investors.
Twilio Inc. jumped 20% to $136.13 after the cloud communication software services provider estimated strong revenue growth in the years ahead.
The company also announced a $2 billion stock repurchase plan, supported by rising earnings and free cash flow.
American Express increased 1% to $324.90 after the charge card company posted record revenue in 2024.
Europe Movers: 4imprint, Burberry, Ericsson, Givaudan, Signify
Inga Muller
24 Jan, 2025
Frankfurt
European markets lacked direction in Friday's trading but logged strong weekly gains ahead of rate decisions next week.
The DAX index moved higher by 0.3% to 21,472.45; the CAC-40 index jumped 0.9% to 7,966.92; and the FTSE 100 index eased by 0.3% to 8,536.85.
The yield on 10-year German bonds inched higher to 2.55%, French bonds rose to 3.32%, the UK gilts increased to 4.67%, and Italian bonds edged higher to 3.66%.
Ericsson traded flat at 97.62 krona after the Swedish telecom company missed estimates as sales in India remained slow.
Fourth-quarter sales increased 1% to SEK 72.9 billion from SEK 71.9 billion, net income rose 43% to SEK 4.9 billion from SEK 3.4 billion, and diluted earnings per share jumped to SEK 1.44 from SEK 1.02 a year ago.
Network sales grew by 4% to SEK 46.8 billion despite a currency negative impact; cloud software and services sales declined by 1% to SEK 19.5 billion, and enterprise sales dropped by 9% to SEK 6.1 billion.
Sales in Southeast Asia, Oceania, and India plunged by 38%, following a record year in 2023, and sales in Northeast Asia declined by 22% due to fewer investments in some 5G frontrunner markets.
Cash flow from operating activities rose to SEK 17.5 billion from SEK 14.5 billion, while cash from investing and financing activities remained negative.
Free cash flow after mergers and acquisitions increased to SEK 15.7 billion from SEK 12.2 billion a year ago.
Ericsson expects to pay dividends on April 1 and October 2 to shareholders on record by March 27 and September 29, 2025.
4imprint Group Plc gained 0.2% to 5,600 pence after the international direct marketer of promotional products posted a 3% revenue increase in 2024.
Revenue is expected to rise 3% to $1.37 billion from $1.33 billion; profit before tax is expected to increase to $153 million from $141 million a year ago, surpassing the upper range of analyst projections.
Gross profit margin has remained strong at around 32%, driven by a 5% rise in customer orders, although new orders were down 9% from the prior year.
Excluding a $20 million investment to expand the Oshkosh apparel distribution center, 4imprint expects unaudited cash and bank deposits to rise to $148 million from $105 million a year ago.
Burberry Group Plc surged 15% to 1,233 pence after the British luxury retailer said its third-quarter sales decline was lower than expected, helped by American shoppers.
Revenue dropped 7% to £659 million from £706 million, and overall comparable store sales fell 4%.
Comparable sales in the Asia-Pacific region decreased 9%, and in Europe, the Middle East, India, and Africa, they fell 2%, but in the Americas, comparable sales rose 4%.
Second-half results will broadly offset the first-half adjusted operating loss, the company said in a statement.
Givaudan SA dropped 2.3% to CHF 3,849 after the cosmetic ingredients maker lifted its five-year sales target.
Sales in fiscal year 2024 increased 7.2% to CHF 7.4 billion from CHF 6.9 billion; net income rose 21% to CHF 1.09 billion from CHF 893 million, and earnings per share rose to CHF 118.2 from CHF 96.81 a year ago.
Operating cash flow surged 18.4% to CHF 1.62 billion, driven by a 10.5% increase in fragrance and beauty sales and taste and wellbeing sales up 4.1% from the previous year.
Sales growth was highest in South Asia, the Middle East, and Africa, as well as in Latin America, while in Asia Pacific the company recorded an 8.8% growth compared to a loss of 2.6% last year.
In North America, sales increased 5.5% from a loss of 7.5% last year.
On March 20, 2025, Givaudan’s board will propose a cash dividend of CHF 70.00 per share, an increase of 2.9% versus 2023.
This is the twenty-fourth consecutive dividend increase since the company was listed on the Swiss stock exchange in 2000.
Signify NV added 4.3% to €23.72 after the Philips lighting spin-off said fourth-quarter comparable sales dropped by 2.8% due to weakness in Europe and China.
Sales declined to €1.65 billion from €1.73 billion; net income rose to €119 million from €59 million, and earnings per share jumped to €0.91 from €0.44 a year ago.
Signify management proposed a cash dividend of €1.56 per share for 2024, to be approved by the company's board on April 25, 2025.
The company’s stock repurchase program is worth €350 million to €450 million of shares until the end of 2027.
Europe Movers: 4imprint, Burberry, Ericsson, Givaudan, Signify
Inga Muller
24 Jan, 2025
Frankfurt
European markets lacked direction in Friday's trading but logged strong weekly gains ahead of rate decisions next week.
The DAX index moved higher by 0.3% to 21,472.45; the CAC-40 index jumped 0.9% to 7,966.92; and the FTSE 100 index eased by 0.3% to 8,536.85.
The yield on 10-year German bonds inched higher to 2.55%, French bonds rose to 3.32%, the UK gilts increased to 4.67%, and Italian bonds edged higher to 3.66%.
Ericsson traded flat at 97.62 krona after the Swedish telecom company missed estimates as sales in India remained slow.
Fourth-quarter sales increased 1% to SEK 72.9 billion from SEK 71.9 billion, net income rose 43% to SEK 4.9 billion from SEK 3.4 billion, and diluted earnings per share jumped to SEK 1.44 from SEK 1.02 a year ago.
Network sales grew by 4% to SEK 46.8 billion despite a currency negative impact; cloud software and services sales declined by 1% to SEK 19.5 billion, and enterprise sales dropped by 9% to SEK 6.1 billion.
Sales in Southeast Asia, Oceania, and India plunged by 38%, following a record year in 2023, and sales in Northeast Asia declined by 22% due to fewer investments in some 5G frontrunner markets.
Cash flow from operating activities rose to SEK 17.5 billion from SEK 14.5 billion, while cash from investing and financing activities remained negative.
Free cash flow after mergers and acquisitions increased to SEK 15.7 billion from SEK 12.2 billion a year ago.
Ericsson expects to pay dividends on April 1 and October 2 to shareholders on record by March 27 and September 29, 2025.
4imprint Group Plc gained 0.2% to 5,600 pence after the international direct marketer of promotional products posted a 3% revenue increase in 2024.
Revenue is expected to rise 3% to $1.37 billion from $1.33 billion; profit before tax is expected to increase to $153 million from $141 million a year ago, surpassing the upper range of analyst projections.
Gross profit margin has remained strong at around 32%, driven by a 5% rise in customer orders, although new orders were down 9% from the prior year.
Excluding a $20 million investment to expand the Oshkosh apparel distribution center, 4imprint expects unaudited cash and bank deposits to rise to $148 million from $105 million a year ago.
Burberry Group Plc surged 15% to 1,233 pence after the British luxury retailer said its third-quarter sales decline was lower than expected, helped by American shoppers.
Revenue dropped 7% to £659 million from £706 million, and overall comparable store sales fell 4%.
Comparable sales in the Asia-Pacific region decreased 9%, and in Europe, the Middle East, India, and Africa, they fell 2%, but in the Americas, comparable sales rose 4%.
Second-half results will broadly offset the first-half adjusted operating loss, the company said in a statement.
Givaudan SA dropped 2.3% to CHF 3,849 after the cosmetic ingredients maker lifted its five-year sales target.
Sales in fiscal year 2024 increased 7.2% to CHF 7.4 billion from CHF 6.9 billion; net income rose 21% to CHF 1.09 billion from CHF 893 million, and earnings per share rose to CHF 118.2 from CHF 96.81 a year ago.
Operating cash flow surged 18.4% to CHF 1.62 billion, driven by a 10.5% increase in fragrance and beauty sales and taste and wellbeing sales up 4.1% from the previous year.
Sales growth was highest in South Asia, the Middle East, and Africa, as well as in Latin America, while in Asia Pacific the company recorded an 8.8% growth compared to a loss of 2.6% last year.
In North America, sales increased 5.5% from a loss of 7.5% last year.
On March 20, 2025, Givaudan’s board will propose a cash dividend of CHF 70.00 per share, an increase of 2.9% versus 2023.
This is the twenty-fourth consecutive dividend increase since the company was listed on the Swiss stock exchange in 2000.
Signify NV added 4.3% to €23.72 after the Philips lighting spin-off said fourth-quarter comparable sales dropped by 2.8% due to weakness in Europe and China.
Sales declined to €1.65 billion from €1.73 billion; net income rose to €119 million from €59 million, and earnings per share jumped to €0.91 from €0.44 a year ago.
Signify management proposed a cash dividend of €1.56 per share for 2024, to be approved by the company's board on April 25, 2025.
The company’s stock repurchase program is worth €350 million to €450 million of shares until the end of 2027.