ASX to rise as Wall St rallies on better-than-expected earnings
Australian shares are poised to open higher as three major US banks beat estimates with third-quarter earnings. S&P 500 records biggest gain in seven months.
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Australian shares are poised to open higher as three major US banks beat estimates with third-quarter earnings. S&P 500 records biggest gain in seven months.
Samsung and Apple both expect to take a sales hit this quarter because of the ongoing global chip shortage as the crisis continues to plague the automobile industry, with BMW-owned Mini and Jaguar Land Rover the latest companies to pause production. A perfect storm of Covid-19, severe weather, factory fires and soaring demand for silicon has resulted in an unprecedented shortage affecting multiple sectors. As both a manufacturer and consumer of semiconductors, Samsung finds itself in the unique position of rising chip profits from silicon-hungry customers but slumping sales of its own mobile ...
EuropeBE Semiconductor plans US, Taiwan expansion as chip demand soars Reuters 2 minute read Chipmaking equipment supplier BE Semiconductor (BESI) (BESI.AS) said on Friday it planned to boost its operations in the United States and Taiwan as its top customers ramp up investment to meet a surge in chip demand. The Dutch-based maker of semiconductor assembly and packaging equipment also said it expected second-quarter revenue to rise between 30% and 40% from the previous quarter. "At present, our strategic priorities focus primarily on ramping production to meet customer delivery dates," Chief ...
Chairman's AGM Statement Following the net asset value per share appreciation of 37% in 2020, I am pleased to report a strong start to 2021. At 16/04/2021 the NAV/share has appreciated a further 11.4% year to date reflecting buoyant markets and a good results season for our portfolio. As it has anticipated the end of the pandemic the market has seen some rotation with profit taking from some of last year's strong performers which saw increased demand during lockdown and some of last year's lagging performers catching up. By region the performance (IRR) in sterling has been as follows: ...
10 Apr 2021 / 09:00 H. (There will be no European stock market report on Friday and Monday on account of Easter holidays. Reuters will resume coverage on Tuesday, April 6) * STOXX 600 still lags S&P 500 to hit record high * Chipmakers rally after Micron results * Credit Suisse set for worst week in a year (Adds comments, updates prices throughout) By Sruthi Shankar April 1 (Reuters) - European stocks ended a hair's breadth away from a record high on Thursday as strong factory activity data out of the euro zone and optimism around a new U.S. government spending plan eclipsed concerns about an...