|Bid||87.800 x 0|
|Ask||87.900 x 0|
|Day's range||85.350 - 90.500|
|52-week range||85.350 - 195.600|
|Beta (5Y monthly)||0.87|
|PE ratio (TTM)||65.11|
|Earnings date||28 Nov 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||167.06|
A major emerging market currencies index hit a 19-month high on Wednesday, lifted by optimism U.S. rate cuts are on the horizon, while delivery giant Meituan's cautious outlook sparked concerns over China's consumer spending recovery. The index is on track for its best month in a year. Expectations of U.S. policy easing that have been driving the greenback lower got a boost after Federal Reserve Governor Christopher Waller, considered a hawk, said rate cuts could begin if inflation continues on a downward trend for several more months.
(Bloomberg) -- Meituan shares tumbled the most in more than a year after the Chinese company warned that growth in its main meal delivery business would slow this quarter and spending on promotions rise.Most Read from BloombergKISS Avatars Go On Tour After Paul Stanley, Gene Simmons RetireSurprise Call Shocks Staid Corner of Bond Market: Credit WeeklyIsrael, Threatened by Hezbollah, Seeks Solution for Empty NorthIndia Election Latest: Congress Laments Its Disappointing ResultExxon Among 50 Oil P
Investing.com-- Hong Kong-listed shares of Chinese food delivery giant Meituan (HK:3690) slumped on Wednesday after the firm warned of softer fourth-quarter revenue due to weak consumer spending in its biggest market.