January 12, 2025 11:08 am
Retail sales in Italy decreased 0.4% from a month ago in November, following a 0.5% drop in October, data by the National Institute of Statistics showed. In comparison, a consensus of analyst estimates had pointed to a 0.2% growth. Sales dropped at a slower rate for food items, by 0.1% compared to a 0.7% decrease […]
Read moreJanuary 12, 2025 9:53 am
Sweden’s economy grew at a monthly rate of 1.4% in November, as it recovered from a 0.4% contraction in the prior month, data by Statistics Sweden showed. It has been the sharpest monthly growth since January 2023. “November saw an upturn in economic activity with growth in both goods- and service-producing industries as well as […]
Read moreJanuary 11, 2025 10:59 am
Producer prices in Norway have surged at the sharpest annual rate since December 2022 in December last year, data by Statistics Norway showed. Producer prices rose 9.3% year-on-year in December after a flat performance in the prior month. The latest figure was mostly driven by a rebound in oil and natural gas extraction prices (+17% […]
Read moreJanuary 10, 2025 12:14 pm
GXO Logistics Inc (NYSE: GXO) said on Thursday that it had signed a long-term partnership with Calliope – a lifestyle brand of the Italian fashion franchise Teddy Group. The contract encompasses warehouse management, e-fullfilment, returns management and value-added services such as labelling and inbound quality control. “We are delighted to sign this partnership with Calliope […]
Read moreJanuary 10, 2025 11:11 am
Constellation Brands Inc (NYSE: STZ), an international producer and marketer of beer, wine and spirits, said on Thursday that its Board of Directors had authorized a quarterly cash dividend of $1.01 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on February 21st […]
Read moreJanuary 10, 2025 8:41 am
Spot Gold scaled a fresh 1-month peak of $2,680.42 per troy ounce on Friday, as investors awaited the key US Non-Farm Payrolls report later in the day for more insight into macroeconomic conditions and the Fed’s future interest rate path. Employers in all sectors of the US economy, excluding farming, probably added 160,000 job positions […]
Read moreJanuary 9, 2025 9:41 am
Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six coastal US markets, said this week it had sold an industrial property located in Union City, California, for about $16.9 million. The property consists of one industrial distribution building, containing nearly 66,000 square feet on 3.0 acres, which is […]
Read moreJanuary 9, 2025 8:32 am
Marcus & Millichap’s division, IPA Capital Markets, said this week it had secured $174 million in joint venture equity and debt financing for the purchase of 55 Riverwalk Place, a 348-unit multi-family property located in West New York, New Jersey. “The acquisition represents a significant value-add opportunity for the sponsor,” Marko Kazanjian, Senior Managing Director […]
Read moreJanuary 9, 2025 7:35 am
UBS has upgraded Digital Realty Trust Inc (NYSE: DLR) from “Neutral” to “Buy”, as it sees potential for further upside for the stock on the back of continued robust demand for data center services. The investment bank also raised its 12-month price target from $147 per share to $205 per share. “After years of stable […]
Read moreJanuary 8, 2025 9:43 am
Sweden’s annual consumer inflation has eased to its lowest level since December 2020 in December last year. The inflation rate slowed to 0.8% in December from 1.6% in the prior three months, the latest data by Statistics Sweden showed. Market consensus had pointed to a lesser slowdown, to 1%. Sweden’s consumer price index with a […]
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