Carlsberg Market 

Carlsberg Expects Lower Beer Consumption To Hit 2023 Growth

Danish brewer Carlsberg (OTC:CABGY) on Tuesday forecast organic operating profit growth in 2023 below last year’s level as higher beer prices are expected to dent consumption. The world’s third-biggest brewer expects organic operating profit this year to change by between minus 5% and plus 5%, compared with 12% growth last year. “2023 will be another challenging year,” Chief Executive Cees ‘t Hart said in a statement. “While beer historically has been a resilient consumer category, the higher prices in combination with generally high inflation may have a negative impact on…

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Flavour maker Givaudan Market 

Flavour Maker Givaudan Beats Earnings Forecasts in a Tough Year

Swiss fragrance and flavour maker Givaudan on Wednesday reported better-than-expected earnings for a year characterized by high input costs and supply chain disruptions. The group, which so far has successfully passed steep input cost increases on to customers, however saw a slowdown in sales during the latter half of 2022, particularly in its flavours business in North America. Its annual profit rose 4.2% to 856 million Swiss francs ($927.5 million), compared with analysts’ average forecast of 806 million francs in a poll compiled by the company, leading the Geneva-based group…

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Dow Futures Market 

Dow Futures Trade Steady, After Nasdaq Posts 3-Session Win Streak

U.S. stock futures were trading in a tight range during Tuesday’s evening session, after major benchmark averages finished higher as investors continue their rotation toward tech stocks ahead of key CPI data and major bank earnings later this week. By 18:30 ET (23:30 GMT) Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures were each trading in a range of 0.1%. In extended deals, Ichor Holdings (NASDAQ:ICHR) shed 16% after the company forecast Q4 revenues of $300 million to $302 million versus $335M previously expected. During Tuesday’s regular trade,…

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Chinese Yuan Market 

Chinese Yuan hits 4-Mth High on Reopening cheer, U.S. Payrolls Awaited

The Chinese yuan jumped to a four-month high on Friday as markets bet on a strong economic boost from China reopening its borders this month, while broader Asian currencies were flat as focus turned to key U.S. payrolls data for more cues on the economy. The yuan was among the best performers for the day, rising 0.4% to 6.8533- its strongest level against the dollar since late-August. The offshore yuan also added 0.5%. Markets are hotly awaiting the reopening of Chinese borders this Sunday, following three years of lockdowns that…

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Gold Steadies Market 

Gold Steadies Ahead of Fed Minutes, Copper Slammed By China Fears

Gold prices hovered around six-month highs on Wednesday, cutting short a recent rally as traders bought back into the dollar in anticipation of more cues on monetary policy from the minutes of the Federal Reserve’s December meeting. The yellow metal marked a strong start to the new year as concerns over a looming recession and a potential slowdown in U.S. interest rate hikes led to increased demand for safe havens apart from the dollar. But the greenback recovered some lost ground on Wednesday, benefiting from uncertainty over the upcoming Fed…

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China manufacturing Market 

China Manufacturing PMI Shrinks for 5th Straight Month in Dec – Caixin

Chinese manufacturing activity shrank for a fifth straight month in December, a private survey showed on Tuesday, as the country grappled with an unprecedented spike in COVID-19 cases after it relaxed some restrictions intended to prevent the spread of the virus. The Caixin Manufacturing Purchasing Managers Index (PMI) read 49.0 in December, higher than forecasts for 48.8 but weaker than last month’s reading of 49.4. A reading below 50 indicates contraction, with December marking the fifth straight month that the manufacturing PMI has spent in contraction territory. The data was…

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Dow futures Market 

Dow Futures Tick Higher, Fed Minutes In Focus

U.S. stock futures were trading higher during Monday’s evening deals, with market participants looking ahead to a busy week of economic data and the release of the U.S. Federal Reserve’s latest meeting minutes. By 6:356pm ET (11:35pm GMT) Dow Jones Futures and S&P 500 Futures were up 0.3% while Nasdaq 100 Futures added 0.2%. Ahead in Tuesday’s session, investors will be looking towards the S&P Global (NYSE:SPGI) Manufacturing PMI and construction spending, JOLTS data as well as the minutes of the Fed’s latest policy meeting. Later in the week, ADP…

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raising wages Market 

Japan to Make Raising Wages a Top Priority, Says Senior Govt official

Japan’s government will make raising wages a top priority in its economic policy next year, Deputy Chief Cabinet Secretary Seiji Kihara said on Wednesday. “The biggest challenge for Japan’s economy is a lack of wage growth. Unless wages rise, consumption won’t pick up and companies won’t increase investment,” Kihara said, speaking during a television programme. While companies are responsible for deciding how much they hike pay, the government can help achieve higher wages through tax incentives, Kihara said. The government can also prod firms to disclose more information on how…

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Toyota's Market 

Toyota’s Nov Global Vehicle Production Rises 1.5% to Record 833,104

Toyota Motor (NYSE:TM) Corp reported on Monday a 1.5% rise in November global vehicle output, reaching a new record of 833,104. domestic production slid 3.3% to 266,174 vehicles, while overseas output rose 3.8% to an all-time high of 566,930 for the month. Global sales and production in November exceeded last year’s levels due to solid demand, particularly in North America, and a recovery in parts supplies that had been impacted by COVID-19 slowdowns, Toyota said. The automaker reported earlier this month it expected to produce 700,000 vehicles in January and…

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What Are the Questions You Can Ask at Expo Dubai 2022-23

Talk And Discuss Your Options and Future Outlook with University Representatives from Around the World. Learn About the Various Programs Offered by Universities and How to Approach Any Program and Discipline. Another Great Way to Learn About a University Is to Attend an Education Expo or Presentation and Talk About Your Interests with Knowledgeable Representatives. Despite Not Being on Campus, These Representatives Can Provide Great Resources and Information to Help You Learn About the University and Programs of Interest to You. Questions You Can Ask: What Kind of Educational Qualification…

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