DIA suffers 70% fall in sales so far this year

DIA Suffers 70% Fall In Sales So Far This Year: Take-Over More Likely After Profit Warning

The Board of the supermarket chain DIA has issued a profit warning because of the fall in the volume of sales and the increase in operating costs, which has caused it to revise its estimation of Ebitda for 2018 to between 350-400 million euros. This reduction of the forecast for 2018 does not include the potential impact of hyperinflation in Argentina, a country which accounts for 15% of sales.

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Sentiment will be key to gold’s next move

Gold: Ready For A Move Higher To About US$1320/Oz

The yellow metal fell 4% in the three months from the end of June — a decline that analysts at Wisdom Tree do not believe is justified by the 11 basis-point rise in bond yields and 0.4% gain in the US dollar over the period. Rather, gold’s poor performance seems to have been driven by a collapse in sentiment.


The fundamental outlook for Emerging Marketsis not as negative as perceived.

Emerging Markets Refinancing Cost: Reality Is Better Than Perception

The rapid rise in US Treasury yields has led to concerns about the fundamental outlook for emerging markets (EM). In particular, investors fear that higher risk-free yields will translate into unsustainably high borrowing costs for EM companies. While analysts from Julius Baer acknowledge the headwind for the developing world, they also believe that perception is generally more negative than reality.