U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Electrolux's Third-Quarter Performance
Sweden's Electrolux, the second-largest appliance manufacturer globally, announced its third-quarter earnings on Friday, revealing an adjusted operating profit that fell short of analysts' expectations. The company reported an operating profit, excluding non-recurring items, of 717 million crowns ($67.8 million), a significant increase from 314 million crowns in the same quarter last year. However, this figure was below the forecast of 855 million crowns from an LSEG poll.
Operating Profit Analysis
When factoring in one-off costs, Electrolux’s operating profit decreased to 349 million crowns, down from 608 million crowns year-over-year. The company attributed this mixed performance to ongoing challenges in the European and North American markets.
CEO's Insights on Cost Initiatives
CEO Jonas Samuelson, who will retire at the end of the year, emphasized that despite the tough market conditions, Electrolux is making strides in its cost management initiatives. "While market conditions remained challenging in Europe and North America, we continued to make progress on our cost initiatives," he stated.
Conclusion
As Electrolux navigates a competitive landscape, the narrowing losses in its North American business signal potential recovery, although the company faces continued challenges ahead.
