|Bid||90.400 x 0|
|Ask||90.450 x 0|
|Day's Range||90.100 - 96.550|
|52 Week Range||90.100 - 195.600|
|Beta (5Y Monthly)||0.87|
|PE Ratio (TTM)||67.00|
|Earnings Date||Nov 28, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||199.87|
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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.
Meituan, a China-based shopping-and-delivery platform, plans to buy back its shares valued up to $1.0 billion, a day after announcing solid third-quarter results.
(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 BloombergCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Musk’s Cybertruck Is Already a Production Nightmare for TeslaBill Ackman Bets Fed Will Cut Interest Rates as Soon as First QuarterHamas Releases 12 Hostages Despite Claims of Truce ViolationsIndia to Add $5 Bill