As consumers show continued signs of weakness and tighter budgets, HSBC has downgraded the consumer discretionary sector (XLY) as a whole. HSBC Global Chief ...
Sels observes that financially healthy consumers are"choosing to spend more on... services and more on... leisure" experiences rather than discretionary items. However, he emphasizes the importance of distinguishing between companies within the retail space:"you want companies that have the pricing power because of their positioning."You said the sector needs a selective approach to some companies and some section struggling more than others.
Noovo Info announced today the launch of new national news show NOOVO INFO 12, airing Monday to Friday during the noon hour beginning September 9. Anchored by Marie-Christine Bergeron, NOOVO INFO 12 provides a different viewpoint on current affairs using the dynamic format and robust network that Noovo Info is known for.
Automotive Software Market to Grow at CAGR of 16.65% through 2033 - Global Investors to Accelerate Innovation
Consumer Discretionary Willem Sels
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bangladesh chief justice, central bank chief quit amid student protestsDemonstrations that forced Prime Minister Sheikh Hasina to flee have widened to target more officials appointed during her time in office
Read more »
RBC's profit rises on HSBC Canada purchase, capital markets strengthThe inclusion of HSBC Canada's results boosted net income by C$239 million, RBC said. RBC's capital markets business recorded a 23% jump in net income to C$...
Read more »
Tech sell-off creates opportunities to buy cheaper, HSBC Wealth CIO saysThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Tech sell-off creates opportunities to buy cheaper, HSBC Wealth CIO saysWillem Sels: ‘The froth has been removed from the valuations’
Read more »
Tech sell-off creates opportunities to buy cheaper, HSBC Wealth CIO saysThe sharp sell-off in tech stocks has created opportunities to buy into profitable companies at a cheaper price, the chief investment officer of HSBC's...
Read more »
HSBC’s Quinn Signs Off as CEO With $3 Billion Share Buyback(Bloomberg) -- Noel Quinn signed off his final quarter as boss of HSBC Holdings Plc by announcing a further return of $3 billion to shareholders, as the...
Read more »