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Adobe Stock Drops As CEO Shantanu Narayen To Step Down; Q1 Results Climb, Sees Growth In Q2

Adobe Stock Drops As CEO Shantanu Narayen To Step Down; Q1 Results Climb, Sees Growth In Q2

Shares of Adobe Inc. were losing around 9 percent in the overnight trading after the tech major announced that its long-time Chief Executive Officer Shantanu Narayen plans to step down from the role after eighteen years. Meanwhile, the company reported higher first-quarter results and issued second-quarter outlook, expecting growth in earnings and revenues.
RTTNews | 183 days ago
European Economic News Preview: UK GDP & Foreign Trade Data Due

European Economic News Preview: UK GDP & Foreign Trade Data Due

Monthly GDP and foreign trade from the UK and final inflation from France are due on Friday, headlining a busy day for the European economic news. At 3.00 am ET, the Office for National Statistics publishes GDP and foreign trade figures. The economy is forecast to grow 0.2 percent in January after rising 0.1 percent in December. The visible trade deficit is seen widening to GBP 22.7 billion.
RTTNews | 183 days ago
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Australian Market Swings To Modest Gains In Mid-market

Australian Market Swings To Modest Gains In Mid-market

The Australian market is swinging to modest gains in mid-market moves on Friday after opening in the red, reversing some of the sharp losses in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,650 level, with gains in financial and energy stocks partially offset by weakness in mining and technology stocks.
RTTNews | 183 days ago
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from Wall Street overnight, amid the raging war in the Middle East as Iran toughens its stand. The resultant spike in energy stocks amid surging in crude oil prices is helping limit the losses in the markets in the region. Asian markets ended mostly lower on Thursday.
RTTNews | 183 days ago
Thai Shares Due For Consolidation On Friday

Thai Shares Due For Consolidation On Friday

The Thai stock market has moved higher in three straight sessions, adding more than 45 points or 3.2 percent in that span. The Stock Exchange of Thailand now sits just beneath the 1,430-point plateau although investors may lock in gains on Friday.
RTTNews | 183 days ago
Losing Streak May Continue For Indonesia Stock Market

Losing Streak May Continue For Indonesia Stock Market

The Indonesia stock market has finished lower in back-to-back sessions, sinking almost 80 points or 1.1 percent in that span. The Jakarta Composite Index now sits just above the 7,360-point plateau and it's expected to see continued consolidation again on Friday.
RTTNews | 183 days ago

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