Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Trump Administration Sued Over Suspension of Critical Hudson River Tunnel Funding 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Asian Markets Wobble as AI Fears Rattle Stocks, Oil and Gold Rebound 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
India Services Sector Rebounds in January as New Business Gains Momentum: HSBC PMI Shows Growth 
Australia’s Corporate Regulator Urges Pension Funds to Boost Technology Investment as Industry Grows 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Nokia's Financial Performance Overview
Finnish telecom equipment supplier Nokia announced a 9% rise in operating profit for the third quarter, signaling a positive shift in demand in several sectors. This follows a similar sentiment expressed by rival Ericsson regarding market recovery.
CEO Insights on Market Recovery
"I am optimistic we are now turning the corner in many parts of our business, even if some continue to experience market weakness," stated CEO Pekka Lundmark in an official statement. His comments highlight the cautious optimism surrounding Nokia's future growth prospects.
Earnings and Growth Projections
Nokia maintained its full-year outlook, forecasting a notable acceleration in growth in the fourth quarter, particularly within its network infrastructure business. The company reported comparable earnings before interest and tax rising to 454 million euros ($492.73 million), up from 418 million euros in the previous year, surpassing analysts' expectations of 424 million euros as per an LSEG poll.
Margins and Sales Dynamics
The comparable gross margin increased to 45.7% from 40.8%, driven by effective cost management and increased sales in high-margin markets. However, net sales dipped by 8% to 4.33 billion euros, primarily due to a significant decline in sales to India, where demand has weakened following last year’s growth surge.
Conclusion
As Nokia navigates market fluctuations, its recent financial results suggest a potential turnaround. Investors will be closely watching the upcoming fourth quarter for signs of sustained recovery.
