L’Oréal downgraded by Jefferies, PT cut to €340 as growth outlook weakens

The dollar is experiencing a decline as the Federal Reserve prepares for an upcoming meeting, while the euro is gaining strength. Retail sales data is also anticipated, which could influence market reactions.

Editor’s Note: This situation is significant as it reflects the current economic climate and potential shifts in monetary policy. Investors and consumers alike are watching these developments closely, as they can impact everything from inflation to spending habits.

Minutes from the Bank of Korea reveal that most board members support future policy easing due to anticipated growth challenges. This indicates a proactive approach to economic management.

Editor’s Note: Understanding the Bank of Korea's stance on policy easing is crucial as it reflects their response to economic pressures. This could influence market expectations and economic stability in the region.

The euro is approaching its highest value in four years, driven by expectations of an interest-rate cut from the Federal Reserve. This development highlights the differing monetary policies between the Fed and the European Central Bank.

Editor’s Note: This matters because a stronger euro can impact international trade and investment, reflecting economic confidence in Europe compared to the U.S. It also signals how central bank policies can influence currency values.

Trustpilot has reported a strong first half of the year and announced a £30 million buyback program. The company has also confirmed its positive outlook for the future.

Editor’s Note: This news is significant as it reflects Trustpilot's robust performance and confidence in its business strategy, which can boost investor confidence and market position.

JTC reported a 63% drop in profit for the first half of the year, despite a 17% increase in revenue. The company's growth is attributed to strategic acquisitions.

Editor’s Note: This news is significant as it highlights how JTC is navigating challenges in profitability while still expanding through acquisitions. Understanding their strategy can provide insights into the company's future performance and market position.

Beiersdorf has been downgraded by Jefferies due to a slowdown in Nivea sales and challenges faced by La Prairie. This decision reflects concerns about the company's growth prospects.

Editor’s Note: This matters because Beiersdorf is a major player in the skincare market, and a downgrade can impact investor confidence and stock performance. Understanding the reasons behind the downgrade helps stakeholders gauge the company's future.

Jefferies has raised its price target for Danone to €84, citing strong growth in China's nutrition sector and robust performance in protein dairy products.

Editor’s Note: This upgrade is significant as it reflects confidence in Danone's ability to capitalize on emerging markets like China, which could lead to increased investor interest and potentially higher stock prices.

Steel Dynamics anticipates earnings growth in all segments for the third quarter, indicating strong performance and positive market conditions.

Editor’s Note: This forecast is significant as it reflects the company's resilience and ability to thrive in a competitive market, which can boost investor confidence and potentially lead to increased stock value.

S&P has revised Grubhub's outlook to stable, reflecting the company's strategic shift towards growth. This change indicates confidence in Grubhub's future performance.

Editor’s Note: This matters because a stable outlook from S&P can boost investor confidence and potentially lead to increased investments in Grubhub, supporting its growth initiatives.

Sri Lanka aims for a 6% economic growth by 2026, although the outlook for 2025 appears less optimistic due to delays in spending.

Editor’s Note: This news is significant as it highlights Sri Lanka's economic ambitions while also addressing potential challenges. Understanding these dynamics can help investors and policymakers navigate the country's economic landscape.

Italy's government, led by Giorgia Meloni, is planning to raise an additional €1.5 billion from banks by delaying tax deductions. This move aims to bolster the country's finances in 2027.

Editor’s Note: This plan is significant as it reflects the government's strategy to enhance financial resources while managing tax policies. It could impact the banking sector and the overall economy, showcasing Italy's efforts to stabilize its fiscal situation.

Russian President Vladimir Putin announced that measures to reduce inflation are showing positive results, although he acknowledged that economic growth still requires improvement.

Editor’s Note: This statement is significant as it reflects the government's efforts to stabilize the economy and address inflation, which affects everyday life for citizens. Understanding these measures can provide insight into Russia's economic strategy and future prospects.

The Senate has confirmed Stephen Miran as a new governor of the Federal Reserve, a key position in shaping U.S. monetary policy.

Editor’s Note: This confirmation is significant as it impacts the direction of the Federal Reserve's policies, which can influence economic stability and growth in the U.S. economy.

Recent official data reveals a significant drop of 9.3 million in the number of people receiving winter fuel payments due to government cuts that have now been reversed.

Editor’s Note: This situation highlights the impact of government policy changes on vulnerable populations, especially during the winter months when heating costs can be a burden. The reversal of cuts may provide some relief, but the initial drop raises concerns about the effectiveness of support systems.

Berenberg has disclosed its transactions involving shares of Dalata Hotel Group, indicating its investment activities in the hospitality sector.

Editor’s Note: This disclosure is significant as it highlights Berenberg's interest in the hospitality industry, which can influence market perceptions and investor confidence in Dalata Hotel Group.

Tencent is reportedly looking to raise $1 billion through dim sum bonds, which are yuan-denominated bonds issued outside of China. This move highlights the company's strategy to diversify its funding sources.

Editor’s Note: This is significant as it reflects Tencent's ongoing efforts to strengthen its financial position and adapt to changing market conditions. Raising funds through dim sum bonds can also enhance its international presence and appeal to global investors.

Fintel's stock surged by 4% following a 19% increase in revenue, driven by acquisitions and subscriptions. This positive growth reflects the company's successful strategies in expanding its market presence.

Editor’s Note: This matters because it highlights Fintel's strong performance in a competitive market. The increase in revenue from acquisitions and subscriptions indicates effective business strategies, which could attract more investors and boost confidence in the company's future.

Donald Trump has filed a $15 billion defamation lawsuit against The New York Times, claiming the publication has harmed his reputation. This legal action highlights ongoing tensions between Trump and the media.

Editor’s Note: This lawsuit is significant as it underscores the contentious relationship between Trump and major media outlets. It raises questions about freedom of the press and the implications of defamation claims in the political arena.