Market (@MarketNewsUpdateINT) on getquin

𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟭𝟴.𝟬𝟱.𝟮𝟬𝟮𝟮

Hello getquin!

Inflation doesn't seem to be stopping either... Target shares are down 25% and today Tencent's quarterly figures are in the mix.

𝗘𝘂𝗿𝗼𝗽𝗲 🌍:

1. 𝘜𝘒 𝘪𝘯𝘧𝘭𝘢𝘵𝘪𝘰𝘯 𝘳𝘪𝘴𝘦𝘴 𝘵𝘰 40-𝘺𝘦𝘢𝘳 𝘩𝘪𝘨𝘩 𝘰𝘧 9%

The 9% rise in the consumer price index is the highest since records began in 1989, surpassing the annual rise of 8.4% recorded in March 1992 and well above the 7% recorded in March this year. A quarter of Britons have already given up meals as inflationary pressures and the food crisis combine to create what Bank of England Governor Andrew Bailey recently described as an "apocalyptic" outlook for consumers.

1€≠1€: https://cnb.cx/3wxQTfj

𝗔𝗺𝗲𝗿𝗶𝗰𝗮 🌎:

2. 𝘛𝘢𝘳𝘨𝘦𝘵 𝘴𝘩𝘢𝘳𝘦𝘴 𝘴𝘪𝘯𝘬 25%

Target $TGT (+3.43%) shares fell sharply on Wednesday after the company said its quarterly earnings were hit by supply chain issues, higher fuel costs and lower-than-expected sales of consumer goods.

The big retailer said it was seeing a healthy customer base but a shift to experience-oriented purchases, such as toys for birthday parties and luggage for travel. Target reiterated its sales forecast of mid-single-digit growth for this year and beyond.

🟥Target, $TGT (+3.43%) 154.11€ (🔽 -24.86%)

More on that: https://cnb.cx/3Mn1Xm6

𝗘𝗮𝗿𝗻𝗶𝗻𝗴 𝗰𝗮𝗹𝗹𝘀

Tencent $700 (-1.14%)

EPS: 🟥 2,81 CNY expected vs 2,62 CNY reported; Difference: -6,70%

Revenue: 🟥 140,03 billion CNY expected vs 135,47 billion CNY reported; Difference: -3,26%

Target $TGT (+3.43%)

EPS: 🟥 3,06 $ expected vs 2,19 $ reported; Difference: -28,53%

Umsatz: 🟥 24,48 billion $ expected vs 25,17 billion $ reported; Difference: -2,81%

𝗦𝘁𝗼𝗰𝗸𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆:

🟩 TOP Fisker $FSR , 10.59(🔼 +5.25%)

🟥 FLOP Target, $TGT (+3.43%) 154.11€ (🔽 -24.86%)