European markets were higher as trading began Monday as investors review the latest geopolitical situation in the Middle East.
Comparable sales growth is now expected to come in between 0.5% and 1.5% for full-year 2024, the company said. This is down from a previously expected sales growth range of 3% to 5%."In the quarter, demand from hospitals and consumers in China further deteriorated, while we continue to see solid growth in other regions.
Jakobs' comments come after Philips on Monday said{=null} it was cutting its full-year sales outlook after demand in China"deteriorated." Comparable sales growth was flat in the third quarter, Philips said in its earnings release on Monday. According to Reuters, analysts had been expecting 2.1% growth.Oil prices slide more than 4% after Israel's 'limited' attack on Iran
"I think you might have a short-term rally. But that's not really about - it's about sort of the broad based rally," Jason Hsu, founder and chief investment officer of Rayliant Global Advisors says.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European stocks mostly fall on Middle East tensions; Tesco lifts guidanceEuropean stocks mostly fall on Middle East tensions; Tesco lifts guidance
Read more »
European markets close lower as investors eye Middle East tensions; oil prices jump 4%European stocks closed lower Tuesday, erasing earlier gains amid heightened fears of a possible attack on Israel by Iran.
Read more »
European markets sink as investors focus on Middle East escalationEuropean stocks were lower Thursday as conflict in the Middle East weighs on regional investor sentiment.
Read more »
European stocks edged higher; caution over Middle East turmoilEuropean stocks edged higher; caution over Middle East turmoil
Read more »
European markets set for negative open as investors focus on Middle East escalationEuropean stocks are expected to open lower Thursday as conflict in the Middle East weighs on regional investor sentiment.
Read more »
European shares buck global downturn on Middle East risks as energy stocks gainEuropean shares buck global downturn on Middle East risks as energy stocks gain
Read more »