Philip Papageorgiou
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Foot Locker drops 19% after declines in earnings and revenues
Foot Locker reported a disappointing Q3 2024, missing Wall Street’s expectations on both earnings per share (EPS) and revenue, while cutting its full-year guidance. The sneaker retailer continues to face challenges related to soft consumer demand, elevated promotions, and weakened performance from its largest brand partner, Nike.
Euro Weakness Continues Amid Global and Regional Challenges
Euro Slides as DAX Eyes Record Highs Amid Market Volatility The euro fell over 1% against the U.S. dollar amid political instability in France, Eurozone rate cut expectations, and global trade tensions. Meanwhile, the DAX surged closer to its all-time high at 20,140, supported by a weak euro and robust market momentum.
DAX breaks 20,000 Amid Bullish Momentum and ECB Focus
The DAX is trading at 19,942.9, consolidating after a breakout above 20,000 and setting an all-time high at 20,039. While strong momentum supports further upside, overbought signals suggest a potential pullback or consolidation.
Salesforce Q3 Preview: AI-Driven Growth or Leadership Challenges Ahead?
Salesforce (CRM) will release its Q3 2024 earnings aftermarket today, with analysts expecting EPS of $2.43 (+15.17% YoY) and revenue of $9.35 billion (+7.2% YoY). The report could highlight Salesforce’s momentum in AI-driven initiatives and its Agentforce hiring push, along with strategic acquisitions.
DAX Nears Record Highs at 19,685 Amid Bullish Momentum
The DAX is trading at 19,610.9, just 0.2% below its all-time high of 19,678, as global market optimism and rising US markets drive gains. Consolidation appears to be ending, with a breakout above 19,685.3 signaling further bullish momentum.
DAX Eyes 19,430 Resistance Amid Mixed Global Sentiment
The DAX is trading at 19,418.1, showing mild bullish momentum but facing potential resistance near 19,430. Traders eye German inflation data and ECB speeches for further direction.
DAX Climbs Amid European Turmoil, Resistance at 19,430
DAX Climbs Amid European Political and Economic Turmoil The DAX is trading at 19,399.6, demonstrating bullish momentum despite rising European political and economic instability. Resistance levels loom, while Germany’s inflation figures and ECB commentary remain in focus.
DAX Consolidates Near Resistance Amid US Data Focus
The DAX is trading at 19,270.6, hesitating near the top of a descending channel, as markets weigh US tariff threats, corporate news, and a jam-packed US economic calendar.
Dell & HP Q3 2024 Earnings Preview: Key Insights & Risks
Dell & HP Inc. Q3 2024 Earnings Preview: Growth vs. Challenges Dell Technologies (DELL) and HP Inc. (HPQ) are set to release their Q3 2024 earnings aftermarket today. Both companies show growth potential but face unique challenges amid PC market headwinds.
DAX Consolidates Amid Tariff Fears and Weak German Data
The DAX is trading at 19,266.6, consolidating after testing higher levels near 19,350 but pulling back due to resistance and weaker sentiment stemming from US tariff announcements and Germany’s economic slowdown.
DAX Tests Resistance as Eurozone Sentiment Drops Further
The DAX is trading at 19,402.1, consolidating after breaking above short-term moving averages but facing resistance from a downward sloping trendline near 19,430. Eurozone sentiment data added pressure, with PMIs dropping to 48.1, the lowest in 10 months, sparking expectations of a 0.5% ECB rate cut in December.