Southwest beats earnings estimates, forecasts record revenue for current quarter
Southwest Airlines reported a surprise quarterly profit for the third quarter.
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Trump port fees slap shipper with $34 million tariff bill: ‘They are showing us the door,’ says shocked U.S. freight CEO
Last-minute changes by President Trump’s USTR to new port fees have stuck one U.S.-based ocean carrier with an estimated $34 million annual tariff bill. -
Starbucks Workers United set to vote on strike authorization
Starbucks Workers United is trying to secure a contract that addresses hours and pay, among other issues. -
TRY: We expect a sizeable rate cut again today – Commerzbank
The median consensus on Bloomberg anticipates a 100bp rate cut by the Turkish central bank (CBT) today, to 39.50% repo rate. But there is a wide range of analyst forecasts – ranging from unchanged to 250bp rate cut. -
Kering shares pop 9% as ‘sharp’ improvement at Gucci builds investor optimism
Sales declines narrowed at the group level and at Gucci, the company’s biggest brand. -
Sweden’s Volvo Cars shares jump 40% after profit beat, on track for best day ever
Sweden’s Volvo Cars on Thursday posted stronger-than-expected third-quarter operating profit, prompting shares to rally by more than 40%. -
BoE: Over the hump? – Standard Chartered
Recent data flow – particularly wage growth and CPI – supports our December rate cut view. Risk of Nov cut rising but MPC is likely to wait for budget; risk of delay to Feb depends on incoming data. -
USD: Holding pattern – ING
Based on yesterday’s price action, we reiterate our view that the USD’s rebound is getting tired and probably requires some hawkish repricing to keep going. As discussed over the week, we don’t think tomorrow’s US CPI will offer that opportunity as we expect a consensus 0.3% MoM core print. -
SNB minutes: Price stability intact, no threat of lasting deflation
The SNB reaffirmed its accommodative stance in the summary of its September policy meeting, noting that inflation is expected to remain comfortably within the range consistent with price stability. The Governing Board discussed the outlook in detail with experts, concluding that “all available information points to inflation remaining within the range consistent with price stability” […]
The post SNB minutes: Price stability intact, no threat of lasting deflation appeared first on Action Forex.
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EUR/USD: Likely to trade in a range between 1.1580 and 1.1625 – UOB Group
Euro (EUR) is likely to trade in a range between 1.1580 and 1.1625. In the longer run, downward momentum is building; EUR is likely to trade with a downward bias, potentially retesting the 1.1540 level, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
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