Fri, Nov 1, 2024 3:27 PM
Futures rise on Amazon results boost ahead of jobs data
A Flip by Shubhangi Gupta
Europe’s investors are bracing for a potential victory for Donald Trump, which last time around drove the sharpest underperformance in regional equities relative to US peers during any of the last eight American administrations. While S&P 500 companies derive 72% of their sales in the US, members of Europe’s Stoxx 600 make only 40% within their own region.
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Maruti Suzuki India on Friday reported its highest ever monthly sales in October at 2,06,434 units, a 4% Y/Y growth over the same month last year. The auto major had sold a total of 1,99,217 units in the same month last year, Maruti Suzuki India said. Total domestic passenger vehicle sales were at 1,59,591 units last month compared with 1,68,047 units in year-ago month, a decline of 5%, it added.
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Meta Platforms forecasts Q4 revenue in the region of $45 billion to $48 billion, and overall capital spending for 2024 will be between $38 billion and $40 billion. The spending surge contributed to shares falling 4% on Oct. 31. Meta's stock is up 59% YTD, and shares have surged 86.2% from a year ago. Goldman Sachs analysts maintained their buy rating but cut their price target to $630 from $636.
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