Online Marketplace Stocks Q3 Highlights: ACV Auctions (NASDAQ:ACVA)
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the online marketplace stocks, including ACV Auctions (NASDAQ:ACVA) and its peers.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the online marketplace stocks, including ACV Auctions (NASDAQ:ACVA) and its peers.
Foreign investors accelerated sales of Vietnamese stocks in recent weeks as trade risks grew for the export-reliant country, data shows, despite the prospect of a valuation-boosting market upgrade later this year. The Southeast Asian export hub posted a record trade surplus with the United States last year and also imposes higher duties on imports, exposing it to the risk of U.S. tariffs as the Trump administration moves to reset trade imbalances, analysts have said. Last month, foreign investors reduced their exposure to Vietnamese stocks by 6.4 trillion dong ($251.18 million), according to stock market data.
Financial and political upheaval in markets such as France, Germany and Britain has led employers to limit hiring and discouraged people from changing jobs. Randstad's earnings before interest, taxes and amortization (EBITA) before one-offs was 200 million euros ($207 million) in the fourth quarter of 2024, above the 194 million expected by analysts on average in a company-provided consensus. A fair value adjustment and impairments on its loans and financial commitments cost the group additional 139 million euros in the quarter, it said.
Investors for a change started the day on Wednesday without headlines on new U.S. tariffs, allowing them to shift their attention to the U.S. inflation report later in the day and possible clues on the outlook for Federal Reserve policy. Expectations are for a slight slowdown in January's core inflation print to an annual 3.1% and for the headline number to hold steady at 2.9%, although analysts expect progress on reining in inflation will stall later in the year. Wednesday's will be the last inflation reading before any direct impact from U.S. President Donald Trump's tariff measures, which went into effect this month.
Investors are keenly eyeing the CPI, which is due for release on Wednesday. Tariffs and earnings continue to set market expectations.
As China directs its large financial institutions to help revive and rebalance a struggling stock market, analysts see merit in the plan but are sceptical it will stimulate a recovery. Beijing has used this playbook before to some success. Now, however, it is in a vicious chicken-and-egg cycle where the stock market and weak economy feed off each other, hobbling consumer spending and private investment.
"Retail is on the cusp of a technology leap with AI, data, and automation."
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(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeThe Forgotten French Architect Who Rebuilt MarseilleSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleIn New Orleans, an Aging Dome Tries to Stay SuperMSCI Inc. further trimmed C
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