-- 週五盤前,美國股指期貨走勢平穩,交易員對美伊之間脆弱的兩週停火協議持謹慎態度。 道瓊工業指數期貨上漲0.1%,標普500指數期貨上漲0.2%,那斯達克指數期貨上漲0.3%。 霍爾木茲海峽仍然關閉,以色列與黎巴嫩真主黨的交火仍在繼續,儘管美伊會談定於週六上午在伊斯蘭堡舉行。以色列表示,將與黎巴嫩政府展開談判,目標是解除真主黨的武裝並結束該國境內的攻擊。 油價走低,近月全球基準北海布蘭特原油期貨下跌0.5%,至每桶95.42美元;美國西德州中質原油期貨下跌0.5%,至每桶97.42美元。 美國東部時間上午8:30公佈的3月份消費者物價指數(CPI)如預期上漲0.9%,高於上月的0.3%(彭博社總結的估計數據)。密西根大學4月消費者信心指數預計為51.5%,低於先前公佈的53.3%;2月工廠訂單預計下降0.2%,此前1月曾成長0.1%。這兩份報告均定於美國東部時間上午10:00發布。 其他國際市場方面,日本日經指數收盤上漲1.8%,香港恆生指數收盤上漲0.6%,中國上證綜指收盤上漲0.5%。同時,英國富時100指數上漲0.4%,德國DAX指數在歐洲午後交易時段上漲0.8%。 在股票市場,台積電(TSM)股價上漲2.3%,此前該公司公佈了第一季淨營收成長。 Marvell Technology (MRVL)股價上漲3.5%,此前巴克萊銀行將該公司股票評級從「持股觀望」上調至「增持」。 另一方面,ServiceNow (NOW)股價下跌1.6%,此前該公司表示將把其所有產品組合從人工智慧輔助功能轉向全面整合人工智慧。瑞銀集團也將該公司股票評級從「買入」下調至「中性」。
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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.
Saudi Shares Start Week Higher; US-Iran Peace Talks Canceled
The Tadawul All Share Index closed Sunday 0.11% higher as investors assessed the latest updates regarding the conflict in the Middle East.US President Donald Trump said on his Truth Social account that the Pakistani trip for his envoys, Steve Witkoff and Jared Kushner, was canceled. The announcement dimmed the hopes for peace talks between Iran and the US to happen any time soon.Further to this, Israel launched an attack in Lebanon on April 25. The strikes, which targeted Hezbollah, resulted in four casualties and facility damage in Southern Lebanon.Back at home, Rabigh Refining and Petrochemical (SASE:2380), d/b/a Petro Rabigh, and Thob Al Aseel (SASE:4012) posted their financial results for the three months ended March 31. Petro Rabigh emerged from a loss in the first quarter, while Thob Al Aseel logged a higher net profit and revenue."The reason for net profit reported during the current quarter compared to a net loss recorded in the same quarter of last year was primarily attributable to improved product margins resulting from stronger refined product pricing and higher sales volumes," Petro Rabigh said in its report.Petro Rabigh rose 10% at closing, while Thob Al Aseel ticked down 1.59%.Meanwhile, the local calendar will be mostly empty except for the kingdom's preliminary figures for its GDP growth rate for the first quarter and the M3 money supply and private bank lending data for March on Thursday.