Mumbai: Jefferies‘ global equity strategist Chris Wood said his base case remains US underperforming other stock markets in the wake of weakening dollar and a bearish US Treasury bond market in reaction to Donald Trump’s tariff policy. In his Greed & Fear newsletter, Wood said that with US stocks still trading at an estimated price-to-earnings…
By Lananh Nguyen and Manya Saini (Reuters) -Jefferies’ first-quarter profit missed Wall Street estimates on Wednesday as bond trading weakened and stock market deals were stalled due to uncertainty sparked by shifting U.S. trade policy and geopolitical turmoil. The results offer investors an early glimpse at how Wall Street’s investment banking units may fare in…
Apple (AAPL, Financials) experienced a 21% decline in iPhone shipments in China in January compared with the same month last year, Jefferies said, citing internal channel checks. The firm said the drop reflected weak demand and limited price cuts from the U.S. technology company. Jefferies’ January total smartphone sales in China dropped 17% year over…
Apple’s (NASDAQ:AAPL) latest iPhone 16e is unlikely to excite consumers, and China’s smartphone sales growth is weakening, according to Jefferies analysts led by Edison Lee. Industry checks suggest China’s smartphone sales have declined for four consecutive weeks post-Chinese New Year (CNY), with year-over-year declines worsening. Rising discounts on iPhone 16 models and Android flagships indicate…
Nvidia (NVDA, Financials), Apple (AAPL, Financials), and Microsoft (MSFT, Financials) now boast individual valuations exceeding $3 trillion, a level of market dominance that collectively puts the top five companies in the S&P 500 nearly 4.4 times larger than the entire Russell 2000 Index, according to a recent analysis by Jefferies. Jefferies analysts see a robust…
There’s been something of a sea change in the economic outlook for 2025, in the aftermath of last month’s election. The prospect of a second Trump administration, with his known preference for deregulation and tax cuts, has market watchers expecting a growth-friendly environment. Desh Peramunetilleke, Jefferies’ Global Head of Quantitative Strategy, notes that reduced regulation,…
And with additional headwinds expected in 2025, they said, brands with international appeal or unique selling points are driving new demand for retail space in the city. “The survival of the fittest will continue in the retail market,” said Cathie Chung, senior director of retail at JLL. “The fierce regional and local competition and the…
China’s chip ambitions are being tested again as fresh US sanctions, the third escalation in three years, hit more broadly across the semiconductor supply chain, industry insiders said. The US Commerce Department, which oversees export controls, added 140 Chinese chip-related organisations to a trade blacklist and placed additional restrictions on China’s access to semiconductor manufacturing…
BMW Vision Neue Klasse concept car is on display in Beijing. (Photo by Yi Haifei/China News … [+] Service/VCG via Getty Images) China News Service via Getty Images The slowdown in European electric vehicle sales will soon be seen as a temporary blip as they accelerate again towards market leadership by 2030 and on to…
Early results from the 2024 US election show former President Donald Trump, the Republican candidate, gaining an initial lead over Democratic candidate and current Vice President Kamala Harris. So far, Trump has collected 168 votes, while Kamala Harris bagged 81 votes, reported AFP. A candidate must secure at least 270 of the 538 votes (Electoral…