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Price: $212.82, Change: $+5.15, Percent Change: +2.48%
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Australia
Jumia Technologies Shares Rise After Q1 Revenue Increases
Jumia Technologies (JMIA) shares rose 16% in afternoon trading on Thursday after the company posted higher Q1 revenue.The company reported a Q1 operating loss of $13.9 million, narrower than loss of $18.7 million a year earlier.Revenue for the quarter ended March 31 was $50.6 million, up from $36.3 million a year earlier.Four analysts polled by FactSet expected revenue of $46.5 million.Price: $8.70, Change: $+1.24, Percent Change: +16.62%
$JMIA
Equities
Update: WTI Falls Again on Hopes a Deal to End the Iran War is Near
West Texas Intermediate (WTI) crude oil fell for a third-straight session on Thursday but rose off the day's low on uncertain prospects for a potential peace deal between the United States and Iran.WTI crude oil for June delivery closed down US$0.27 to settle at US$94.81 per barrel, after earlier touching US$89.85. July Brent oil was last seen down US$0.67 to US$100.60The drop, which follows on Wednesday's 7% fall for WTI prices, comes amid rising optimism the United States and Iran are closer to a peace deal. However the outlook for a deal is uncertain. The Guardian reported while U.S. President Trump is saying a deal is "very possible", Iranian media are reporting is only reviewing the proposal and considering its response.There is no certainty talks will result in a deal between the two countries that will see a quick reopening of the Strait of Hormuz, the chokepoint for exports from Persian Gulf nations that supplied 20% of the world's daily oil demand. More than 1,000 ships have been trapped in the Gulf since the Feb. 28 start to the war and supplies of oil, refined products, LNG, fertilizer and other commodities are running short."We should not be too optimistic about immediate agreement. A spokesperson for the Iranian finance ministry pushed back yesterday, calling parts of the US framework "ambitious and unrealistic proposals". So far, Tehran's wish list: set out in its 14-point response on May 2, is unchanged: full sanctions relief, release of frozen state assets, ~$270bn in reparations / reconstruction financing ("only way" to end the conflict), and a new multilateral mechanism for the SoH (Strait of Hormuz) that effectively recognizes Iranian sovereignty over it," Ole Hvalbye, a commodities analyst at SEB Research, wrote.
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Australia
Update: Himax Shares Soar After Q1 Results, Q2 Guidance
Himax Technologies (HIMX) shares were up almost 30% Thursday afternoon following its Q1 results and Q2 guidance.Earlier, the company reported Q1 earnings of $0.046 per diluted American depositary share, down from $0.114 a year earlier.Two analysts polled by FactSet expected $0.05 for the fabless manufacturer of display drivers and other products in Taiwan.Revenue for the quarter ended March 31 was $199.0 million, compared with $215.1 million a year earlier.A single analyst expected $195 million in a FactSet poll.The company said it expects Q2 earnings of $0.09 to $0.10 per diluted ADS on net revenue growth of 10% to 13% sequentially. Two analysts expect earnings of $0.06.Price: $15.90, Change: $+3.57, Percent Change: +28.95%
$HIMX