In the headlines 27 Oct: META, STX, European Gas

By Kirsteen Mackay

Oct 27, 2022

Meta Platforms (NASDAQ: META), Seagate Technology Holdings PLC (NASDAQ: STX) and European banks and gas make the headlines this morning.

meta-stock-october-min

Meta underwhelms

Meta Platforms (NASDAQ: META)

Meta's revenue outlook underwhelms as it continues to struggle with a weak ad market Bloomberg

Seagate Huawei

Seagate Technology Holdings PLC (NASDAQ: STX) may have violated export control laws by sourcing to Huawei $STX #Huawei. - Reuters

European Banks 

European banks finally start to feel the benefit of rising rates for the first time since the financial crisis. - Financial Times

Billion-Dollar Tech Unicorn

The billion-dollar tech unicorn is becoming rare again. - Washington Post

European Gas Prices 

Why have European gas prices been falling?

🌡️ Milder weather

🛢️ High LNG import levels

🌬️ High wind power output

🚢  Lack of storage

💶  EU pricing pressures

Reuters


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