-- 周二,多伦多证券交易所(TSX)大幅下跌,此前股市经历了一轮强劲上涨,部分投资者获利回吐,同时市场也因美伊停火协议将于周三到期而感到紧张。 S&P/TSX综合指数收盘下跌551.73点,跌幅1.6%,报33,808.30点。除能源板块外,所有板块均下跌,能源板块因油价高企而上涨1.9%。基本金属板块跌幅最大,下跌3.8%,金价下跌也加剧了这一颓势。在之前的14个交易日中,TSX指数有12个交易日上涨。 投资者关注的焦点似乎集中在4月8日生效的美伊停火协议上。根据美国总统特朗普的说法,该协议将于“华盛顿时间周三晚间”到期。特朗普在接受彭博社采访时表示,如果未能与伊朗达成协议,他“极不可能”延长停火协议。 美国副总统万斯原定于今天早些时候启程前往巴基斯坦参加下一轮谈判,但据报道,他已前往白宫参加政策会议。目前尚不清楚他何时启程。《华尔街日报》报道称,伊朗拒绝参加谈判,除非美国海军解除对该国港口的封锁。 今日大宗商品方面,由于伊朗和美国之间的和平谈判前景不明朗,西德克萨斯中质原油(WTI)周二收高。5月交割的WTI原油期货价格上涨2.52美元,收于每桶92.13美元;6月交割的布伦特原油期货价格上涨3.11美元,收于每桶98.59美元。 周二下午,由于美元走强,金价连续第二天下跌。此前,美国上月零售销售数据超出预期。与此同时,美伊谈判有望结束这场推高油价和其他大宗商品价格的中东战争。 5 月份交割的黄金期货价格下跌 105.50 美元,至每盎司 4,723.30 美元。
Related Articles
Suncorp Group Sees Improved Earnings Stability Under New Reinsurance Structure, Jefferies Says
Suncorp Group (ASX:SUN) will benefit from reduced earnings volatility and improved capital efficiency following its new five-year aggregate reinsurance program, though growth forecasts have been modestly revised lower, Jefferies said in an April 24 note.Jefferies noted that the new reinsurance program, starting June 30, provides AU$800 million in annual catastrophe protection and up to AU$2.4 billion over five years, capping natural hazard costs at budgeted levels in about 90% of scenarios and reducing earnings volatility from extreme weather.The equity research firm said that the company's revised framework raises its fiscal 2027 natural hazard allowance to AU$1.85 billion and ties it to exposure growth following a AU$453 million first-half 2026 overrun, with the impact broadly neutral.The research firm stated that, despite differing economics from its peers, the company's underlying insurance trading ratio outlook remains steady at 10% to 12% at the top end of its range, with reported earnings expected to better reflect underlying performance as catastrophe volatility eases.The research firm slightly revised its forecasts, cutting gross written premium growth to about 3% from 3.8% due to foreign exchange effects in New Zealand and updating investment income and valuation assumptions, with earnings estimates adjusted within a range of negative 3% to 1% over the forecast period.Jefferies maintained a hold rating on Suncorp Group and raised the price target to AU$17.70 from AU$16.50.
Fortescue Faces Pressure From Iron Bridge Weakness, Green Energy Shift, Jefferies Says
Fortescue (ASX:FMG) reported softer quarterly performance alongside ongoing challenges at Iron Bridge and increased spending on non-core green energy projects, raising concerns over returns and valuation, Jefferies said in an April 24 note.The company reported a softer quarter due to seasonal and weather impacts, with solid performance from its Pilbara hematite operations offset by ongoing underperformance at the Iron Bridge magnetite project, which continues to face throughput and margin challenges and may struggle to justify its value.Jefferies noted that the company's $680 million investment in green energy capacity for third-party customers, such as industrial users and data centers, represents a strategic shift, but views it as non-core capital allocation that may justify a higher discount rate for its mining business until clearer returns emerge.The equity research firm said that the company's Pilbara system is nearing port capacity constraints, a "good problem" that may allow higher-margin hematite production to displace costlier Iron Bridge volumes, as the company reviews its portfolio, trims Iron Bridge output, and keeps overall shipment guidance broadly unchanged.The research firm added that the company remains financially solid with $4.2 billion in cash despite dividends and capital expenditure outflows and is expected to return to a net cash position longer term, but highlighted Iron Bridge uncertainty and higher green energy spending as risks, including a potential write-down, supporting a cautious outlook.Jefferies maintained an underperform rating on Fortescue and reduced the price target to AU$16.50 from AU$17.50.
Research Alert: CFRA Keeps Hold Opinion On Shares Of Otis Worldwide Corporation
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We cut our 12-month target to $90 from $100 following Q1 earnings, valuing OTIS shares at 19.6x our 2027 EPS outlook of $4.58 (down from $4.70; 2026 EPS view updated to $4.18 from $4.25), a modest discount to industrial machinery peers' and OTIS's five-year forward multiple average given unclear timing of ongoing margin headwinds. Service margins were disappointing in Q1 (contracting 160 bps to 23%) amid higher labor and material costs that came in above pricing. Weakness in China has yet to stabilize, though as noted in the past, this represents a shrinking area of OTIS's portfolio and will have a more limited effect going forward. Overall, the latest quarter was more of the same (China weakness/New Equipment decline), though with the added concern of margin quality being pressured within Service - the core profit driver for OTIS overall. While efforts to shore up profitability are underway, we see timing of recovery being uncertain.