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BLOOMBERG Bloomberg Markets European Open July 13, 2024

Boris johnson announces the first step to easing its lockdown. Donald trump combats an outbreak in the white house as he tries to return to work. Vice president mike pence spends the weekend in selfisolation. The European Commission threatens to sue germany. Therong rebuke over Constitutional Courts ruling on ecb bond purchasing. This is the picture weve got. Welcome to mondays program. Of futures, euro stoxx 50 futures up by 0. 4 . Ftse futures upice 0. 7 . Up by 0. 7 . We have seen the nikkei doing quite well. The hang seng doing quite well. Less well in the chinese market, but broadly speaking, positive. In response to a lot of talk about stimulus, we have had talk from the pboc and china, policy coming through in india. Lots to think about in asia. Also thinking about the european context. We will look to where all of that conversation goes. That expectation of ....

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Why Magnachip (MX) Shares Are Getting Obliterated Today

Shares of semiconductor manufacturer Magnachip Semiconductor (NYSE:MX) fell 15.9% in the morning session after the company reported fourth-quarter results, with revenue and gross margin falling below expectations. In addition, its full-year 2024 revenue and operating profit guidance fell short of Wall Street's estimates as the company announced it would transition its Gumi Fab from lower-margin Transitional Foundry Services products to higher-margin Power products. Magnachip announced that start ....

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Magnachip (NYSE:MX) Reports Weak Q4

Semiconductor manufacturer Magnachip Semiconductor (NYSE:MX) fell short of analysts' expectations in Q4 FY2023, with revenue down 16.7% year on year to $50.82 million. Next quarter's revenue guidance of $48.5 million also underwhelmed, coming in 9.8% below analysts' estimates. It made a non-GAAP loss of $0.21 per share, improving from its loss of $0.36 per share in the same quarter last year. ....

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