Check out the companies making headlines in after-hours trading.
Archiv für den Monat: März 2022
The 10 stock and bond funds with the biggest Russia exposure
A handful of stock and bond funds have above-average exposure to Russia. Some have taken big hits due to Western sanctions aimed at crippling Russia’s economy.
Best Buy shares pop as investors bet pandemic gains will outlast fourth-quarter supply chain, staffing hiccups
The retailer’s fourth quarter saw low inventory on some popular holiday items and reduced store hours.
Snowflake plunges almost 30% on slowing revenue growth
Snowflake shares plummeted in extended trading after the company’s earnings report.
Victoria’s Secret refers to Ukraine war and inflation as it offers dismal first-quarter outlook
Victoria’s Secret appeared to reference Russia’s attack on Ukraine as it issued a weak outlook for its first quarter.
Mixed tones so far in European morning trade
Russia-Ukraine tensions continue to be the key driver of sentiment as markets are waiting on any further developments to run with. Risk tones were more positive yesterday but we’re seeing a lack of follow through as the siege on Kyiv continues while talks are reportedly going to take place once agai
Eurozone January unemployment rate 6.8% vs 6.9% expected
Prior 7.0%
The jobless rate ticks lower once again and that just reaffirms further improvement in labour market conditions in the region. Compared to December, the number of unemployed persons in the euro area decreased by roughly 214,000.
Eurozone January PPI +5.2% vs +2.3% m/m expected
Prior +2.9%
PPI +30.6% vs +27.0% y/y expected
Prior +26.2%
PPI +30.6% vs +27.0% y/y expected
Prior +26.2%
That’s a big surge in producer prices and it just reaffirms stronger price pressures in the euro area economy to start the year. This will continue to feed through to consumer inflation so that will be a worry for the trend in
Lavrov: Russia will continue its operation in Ukraine
I think despite all the remarks earlier, this is pretty much the key takeaway. In that things will continue as they are even though there might be talks taking place between Moscow and Kyiv.
Next round of Russia-Ukraine talks may start at 1200 GMT – report
That ties to what Lavrov was touting earlier here. At this point, I think risk assets would rather be there the prospect of talks and not actual talks taking place itself. In my opinion, I don’t think either side will concede anything on talks so if anything, it risks a communication breakdown. But