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Live news: Nike tops profits expectations however markdowns and greater expenses struck revenues

Nike: Investors will search for signals on the state of mind of customers and China’s post-Covid healing when the sportswear group reveals outcomes this afternoon. Fourth-quarter profits is anticipated to increase 3 percent to $12.6bn, and incomes projection to decrease to 67 cents a share from 90 cents the previous year, according to experts surveyed by Refinitiv.

United States GDP: Economists anticipate the last reading of financial development for the very first quarter to be 1.4 percent on an annualised basis, up on the 2nd reading of 1.3 percent, however still lower than the previous 2 quarters.

Other financial information: Initial declares for state welfare are most likely to increase to 265,000 for the week ended June 24, from 264,000 in the previous week, in an indication the labour market is loosening up.

Pending house sales in May are anticipated to have actually reduced 0.5 percent, after staying the same in April and experiencing a 5.2 percent decrease in March.

Fedspeak: Raphael Bostic, president of the Atlanta branch of the Federal Reserve, will provide a speech on the United States financial outlook at the Irish Association of Investment Managers Annual Dinner.

Blake

News and digital media editor, writer, and communications specialist. Passionate about social justice, equity, and wellness. Covering the news, viewing it differently.

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