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...Eurozone residential property prices in the fourth quarter fell 0.7 per cent from the previous quarter and 1.1 per cent from a year earlier, according to data from Eurostat....
...The US economy grew 3.4 per cent in the fourth quarter, an upgrade from previous estimates, as consumer spending and nonresidential fixed investment were revised higher....
...The stalling of French gross domestic product in the fourth quarter followed a similar outcome in the third quarter, which was revised up on Tuesday from an earlier estimate of a 0.1 per cent contraction...
...The final reading of fourth-quarter growth came in at 3.4 per cent — above previous estimates — as consumer spending and nonresidential fixed investment were both revised higher....
...That was down from a 1.1 per cent increase in the third quarter and consensus forecasts of 1 per cent....
...Sales rose 5.1 per cent on a like-for-like basis in the fourth quarter to €6.7bn, with 4.3 per cent coming from price increases and 0.8 per cent from volume....
...Gross domestic product grew 3.2 per cent in the fourth quarter, the commerce department said on Wednesday, down from its initial estimate of 3.3 per cent....
...GDP in the eurozone’s second-largest economy was flat in the three months to December, in line with economists’ forecasts in an earlier Reuters poll and following a 0.1 per cent decline in the third quarter...
...Fourth-quarter net income fell 1.2 per cent from a year earlier to Rmb13bn, CATL’s first quarterly profit decline since January-March 2022....
...The bank’s profits in Asia, its biggest market, rose 18 per cent year on year in the fourth quarter to $928mn....
...Morgan Stanley profits fell by almost one-third in the final quarter of last year, a bigger than expected drop brought on in part by rising costs in its wealth management unit....
...Citigroup reported better than expected quarterly profits as the bank said it was on track to shed 7,000 jobs this year, a sign that the revamp of the US’s fourth-largest lender may be starting to pay off...
...Mastercard reported on Wednesday that its sales and earnings rose 13 per cent and 11 per cent respectively in the fourth quarter in another sign of continued health for the economy....
...Earnings per share in BNY Mellon dropped 47 per cent in the final quarter of 2023 from a year earlier, but were up 38 per cent annually....
...Netflix added a robust 13mn new subscribers in the fourth quarter, up 70 per cent from a year earlier, as its crackdown on password sharing continued to convert freeloaders into paying customers....
...A technical recession is commonly defined as two consecutive quarters of contracting GDP. Economists polled by Reuters had forecast a contraction of 0.1 per cent in the fourth quarter....
...Family Dollar, which caters mainly to low-income urban customers, reported a 1.2 per cent decline in same-store sales during the fourth quarter....
...The ONS said the employment rate had also risen to 75 per cent in the latest quarter, after a previous dip, but remained down on the year....
...While the fourth-quarter rate was slower than the 4.9 per cent expansion recorded in the preceding three month period, it still means the US economy beat expectations for a year when output was expected...
...French luxury group Kering failed to arrest a slide in sales in the fourth quarter, underlining the pressure on the company to revive the fortunes of its flagship Gucci brand....
...Japan’s biggest brokerage and investment bank said on Friday that net income in its fourth quarter, which runs to the end of March, came in at ¥56.8bn ($363mn), compared with just ¥7.4bn in the same period...
...The proportion of lenders reporting rising defaults on mortgages declined in the final quarter of last year, according to a survey of the Bank of England published on Thursday....
...Even excluding one-off charges and expenses, quarterly earnings still fell more than 20 per cent from the fourth quarter of 2022, although that was better than analysts had expected....
...Separate data released on Thursday showed consumer prices rose at an annual rate of 1.7 per cent in the fourth quarter, down from 2.6 per cent three months earlier....
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