Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Nokia's Financial Performance Overview
Finnish telecom equipment supplier Nokia announced a 9% rise in operating profit for the third quarter, signaling a positive shift in demand in several sectors. This follows a similar sentiment expressed by rival Ericsson regarding market recovery.
CEO Insights on Market Recovery
"I am optimistic we are now turning the corner in many parts of our business, even if some continue to experience market weakness," stated CEO Pekka Lundmark in an official statement. His comments highlight the cautious optimism surrounding Nokia's future growth prospects.
Earnings and Growth Projections
Nokia maintained its full-year outlook, forecasting a notable acceleration in growth in the fourth quarter, particularly within its network infrastructure business. The company reported comparable earnings before interest and tax rising to 454 million euros ($492.73 million), up from 418 million euros in the previous year, surpassing analysts' expectations of 424 million euros as per an LSEG poll.
Margins and Sales Dynamics
The comparable gross margin increased to 45.7% from 40.8%, driven by effective cost management and increased sales in high-margin markets. However, net sales dipped by 8% to 4.33 billion euros, primarily due to a significant decline in sales to India, where demand has weakened following last year’s growth surge.
Conclusion
As Nokia navigates market fluctuations, its recent financial results suggest a potential turnaround. Investors will be closely watching the upcoming fourth quarter for signs of sustained recovery.
