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In the headlines 27 Oct: META, STX, European Gas

By Kirsteen Mackay

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Meta Platforms (NASDAQ: META), Seagate Technology Holdings PLC (NASDAQ: STX) and European banks and gas make the headlines this morning.

Meta underwhelms

Meta Platforms (NASDAQ: META)

Meta's revenue outlook underwhelms as it continues to struggle with a weak ad market Bloomberg

Seagate Huawei

Seagate Technology Holdings PLC (NASDAQ: STX) may have violated export control laws by sourcing to Huawei $STX #Huawei. - Reuters

European Banks 

European banks finally start to feel the benefit of rising rates for the first time since the financial crisis. - Financial Times

Billion-Dollar Tech Unicorn

The billion-dollar tech unicorn is becoming rare again. - Washington Post

European Gas Prices 

Why have European gas prices been falling?

🌡️ Milder weather

🛢️ High LNG import levels

🌬️ High wind power output

🚢  Lack of storage

💶  EU pricing pressures

Reuters


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IMPORTANT NOTICE AND DISCLAIMER

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Kirsteen Mackay does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above article.

Kirsteen Mackay has not been paid to produce this piece by the company or companies mentioned above.

Digitonic Ltd, the owner of ValueTheMarkets.com, does not hold a position or positions in the stock(s) and/or financial instrument(s) mentioned in the above article.

Digitonic Ltd, the owner of ValueTheMarkets.com, has not been paid for the production of this piece by the company or companies mentioned above.

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