Ferrari Lifts FY23 View After Strong Q3 Results; Stock Up

Ferrari N.V.’s (RACE) shares were gaining around 5 percent in Milan as well as on the NYSE after the Italian luxury sports carmaker raised its fiscal 2023 forecast after reporting higher third-quarter results. Net profit for the quarter was 332 million euros, up 45.7 percent from prior year’s 104 million […]

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China Inflation Data Raises Risk Of Deflation; Exports Fall

Reinstating the risk of deflation, China’s consumer prices remained flat in September and producer prices continued to decline, official data revealed on Friday. Foreign trade data from the General Administration of Customs showed that exports declined again in September amid falling prices and subdued global demand. The consumer price index, […]

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