Latest news with #forecasts
Wall Street Journal
a day ago
- Business
- Wall Street Journal
World Growth to Slow Amid Trade Turmoil, OECD Warns
The world economy will lose pace this year, hamstrung by uncertainty stemming from a whipsawing U.S. trade policy, according to new forecasts from the Organization for Economic Cooperation and Development. Collectively, the global economy is now set to grow by 2.9% this year and next, the OECD said in its quarterly report released Tuesday. That marks a downgrade to the group's previous forecasts, which saw growth at 3.1% in 2025 and 3% in 2026, and suggests the world economy is set to slow from the 3.3% expansion it booked last year.
The Standard
2 days ago
- Business
- The Standard
Substantial weakening of US dollar seen in next two years
Strategists at Morgan Stanley forecast the Dollar Index to drop to a level last seen during the COVID-19 pandemic by mid-2026. Photo by REUTERS
Daily Mail
3 days ago
- Climate
- Daily Mail
Britain to bake in hotter than normal weather this summer with HIGH chances of heatwaves
The UK is set to experience a summer two times hotter than normal, with an increased risk of heatwaves predicted by the Met Office. The warm forecast follows the country's sunniest spring on record, with up to 630 hours of sunshine clocked up across the country between March 1 and May 27, in what has also been the driest spring for more than a century. Temperatures soared to eight degrees above the average for the time of year on Saturday, the last day of meteorological spring, ahead of a scorching summer season. Now, the Met Office's latest three-month outlook has predicted that the chance of a hot summer is higher than normal, bringing an increased risk of heatwaves and heat-related impacts to large swathes of the country. Their estimations show that it is 2.3 times more likely than normal that the UK will bask in high temperatures over meteorological summer, which begins on June 1 and ends on August 31. The average temperatures across the country over those months range from 10-17C, with the south east of England experiencing the higher averages of 16-17C. Levels of rainfall and wind speed for the next three months, however, will likely be near average. The Met Office said: 'While the current three-month outlook shows an increased chance of a hot summer, the temperature signals for this summer are similar to those for recent years and consistent with our warming climate. 'The increased chance of hotter than average temperatures is not a guarantee of prolonged hot weather or heatwaves, but it does mean that heatwave conditions could be reached at times. 'However, it's important to bear in mind that an increased chance of hot conditions could also reflect a mix of hot and cool days, warm nights, or less extreme levels of warmth rather than continual heatwave conditions specifically.' The long-range forecast analyses the expected general weather patterns over a three month period. While unable to identify weather for a specific day or week, it provides a broad indication of possible temperature, rainfall and wind speed over the period as a whole. The UK's hottest summer on record was in 2018, with an average temperature of 15.7C, with data showing that the UK has not been predicted a cool summer since 2015. The Met Office has previously attributed this growing trend in high temperatures to climate change, while the ongoing marine heatwave in seas around the UK may also be playing a key role in boosting temperatures nationwide. In May, Britain sweltered through the hottest start to the month on record, with highs of 29.3C recorded in Kew Gardens, south-west London, beating the previous-all time high for May 1 of 27.4C at Lossiemouth in Moray in 1990 Sea surface temperatures have been 'at record highs' throughout April and May, with some areas up to 4C warmer than usual. In May, Britain sweltered through the hottest start to the month on record, with highs of 29.3C recorded in Kew Gardens, south-west London, beating the previous-all time high for May 1 of 27.4C at Lossiemouth in Moray in 1990. And, given the ongoing chance of heatwaves, the Environment Agency has warned that England is facing the risk of summer drought after the driest start to spring in 69 years has led to low reservoir levels, struggling crops and wildfires. Mike Childs, Friends Of The Earth head of policy, anticipates that heatwaves are bound to become 'far more frequent and more intense as climate change takes hold'. He said: 'The UK also needs to go further and faster to cut its emissions. A new climate action plan is due in October, and ministers must seize the enormous opportunities this will bring. 'As well as getting UK climate targets back on track, it will also cut bills, create new jobs, insulate our heat-leaking homes - and put the UK at the forefront of helping to fix our broken planet.' The London Fire Brigade (LFB) has urged caution around open-water swimming during upcoming summer heatwaves after a 32 per cent increase in water-related incidents in April, compared with the same period last year. The London Fire Brigade (LFB) has also urged caution around open-water swimming during upcoming summer heatwaves after a 32 per cent increase in water-related incidents in April, compared with the same period last year Craig Carter, LFB assistant commissioner for prevention and protection, advised members of the public to 'think twice before jumping into open water' during heatwaves. In the first quarter of 2025, LFB crews responded to 160 water-related incidents, averaging more than 13 per week compared with fewer than 11 a week in 2024. Meanwhile, the National Fire Chiefs Council (NFCC) said that fire and rescue services in England and Wales have responded to 464 wildfires so far this year. The organisation warned that most wildfires are caused by human activity, including accidental and deliberate blazes, and that dry weather can worsen the damage caused by fires. NFCC chairman Phil Garrigan warned that wildfires are 'no longer a seasonal hazard', but are now becoming a 'year-round threat to life, property and the environment, driven by the increasing impacts of climate change.'
Yahoo
5 days ago
- Business
- Yahoo
Broker Revenue Forecasts For OUTsurance Group Limited (JSE:OUT) Are Surging Higher
OUTsurance Group Limited (JSE:OUT) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The analysts have sharply increased their revenue numbers, with a view that OUTsurance Group will make substantially more sales than they'd previously expected. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Following this upgrade, OUTsurance Group's four analysts are forecasting 2025 revenues to be R36b, approximately in line with the last 12 months. Before the latest update, the analysts were foreseeing R30b of revenue in 2025. The consensus has definitely become more optimistic, showing a very substantial lift in revenue forecasts. Check out our latest analysis for OUTsurance Group There was no particular change to the consensus price target of R75.23, with OUTsurance Group's latest outlook seemingly not enough to result in a change of valuation. Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that sales are expected to reverse, with a forecast 0.8% annualised revenue decline to the end of 2025. That is a notable change from historical growth of 18% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue decline 40% annually for the foreseeable future. The forecasts do look comparatively optimistic for OUTsurance Group, since they're expecting it to shrink slower than the industry. The highlight for us was that analysts increased their revenue forecasts for OUTsurance Group this year. They're also forecasting for revenues to perform better than companies in the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at OUTsurance Group. Hungry for more information? We have analyst estimates for OUTsurance Group going out to 2027, and you can see them free on our platform here. Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies backed by insiders. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
5 days ago
- Business
- Forbes
Tariff Uncertainty Rears Its Head Again
Dell Technologies offered an upbeat outlook after the close on Thursday. (Photo via Smith ... More Collection/Gado/Getty Images). Key Takeaways Heading into Thursday morning, stocks looked set to rally following a ruling that placed most of President Trump's tariffs on hold. However, the administration quickly sought an injunction against that ruling as they prepare to appeal. When Thursday was all said and done, the S&P 500 and Nasdaq both gained 0.4% while the Russell 2000 and Dow Jones Industrial Average added 0.3%. We had a slew of earnings after the close Thursday. Companies in both the tech and retail sectors reported. On the tech side, Dell Technologies missed on earnings but beat on revenues. The company also issued a strong forecast which sent shares higher by nearly 2% in after-hours trading. At the opposite end of the spectrum, shares or Marvell Technology were lower by more than 3% after-hours despite posting a slight beat on earnings and offering a forecast in line with expectations. Over on in the retail space, Gap Inc. saw its shares fall 15% after the close. Despite posting a solid quarter, executives warned tariffs could cost the company between $250 - $300 million if they are not mitigated. Much like we saw with Dell and Marvell, it's a tale of two cities with Ulta Beauty. Those shares traded higher by nearly 8.5% after the company released earnings that beat forecasts and raised forward guidance. As earnings season winds down, it's been a strong quarter, but I think the question we all have is what the future holds with respect to tariffs. Should the Trump Administration be unsuccessful in appealing the ruling that paused tariffs, I think there's a lot of reason to be optimistic. However, until we get that ruling, I would not be surprised if equities trade sideways. Taking a look at the economic calendar, later this morning will get the latest Personal Consumption Expenditures (PCE) Index. According to Bloomberg, economists expect core prices to be up 0.1% from March. We're also awaiting a few different iterations of the Michigan Consumer Expectations report. A month ago, I would have told you the PCE report for April would prove very important for the Federal Reserve and interest rates. However, in light of the uncertainty of tariffs at this point, I'm not as confident the PCE report has the same salience. I am; however, interested in what the consumer outlook is because given all the ups and downs of late with tariffs, I'm curious how consumers see the outlook. For today, let's see how markets digest the economic data and if there is any reaction. Also, as I mentioned on Wednesday, I'm watching volatility. The VIX still remains elevated, and I would really like to see it back down around 16 before feeling confident we're past the pullback witnessed in April. As always, I would stick with your investing plan and long-term objectives. tastytrade, Inc. commentary for educational purposes only. This content is not, nor is intended to be, trading or investment advice or a recommendation that any investment product or strategy is suitable for any person.
