-- （报道北美、亚洲和欧洲主要银行及研究机构的股票、商品和经济研究报告。研究机构可通过以下链接联系我们：https://www..com/contact-us）
Related Articles
Sectors
Gold Edges Down Early, Remaining Rangebound, As Treasury Yields Rise
Gold edged lower early Friday, albeit it remained rangebound, even with a weakening dollar as treasury yields rose while traders turn to bonds and also while the Iran War pushes up oil prices and boosts inflation and threatens higher interest rates.Gold for June delivery was last seen down $20.20 to US$4,609.40 per ounce.The precious metal has traded within a narrow range over the past month as the Iran war remains deadlocked. Against this backdrop, U.S. data on Thursday showed the Federal Reserve's preferred inflation measure rose by 3.5% annualized in March, up from a 2.8% pace in February.While the Fed's policy committee declined to raise interest rates at the Wednesday end to its two-day policy committee, it issued a hawkish outlook, with rates likely to rise to combat higher prices, keeping gold, which offers no interest, in check."Gold ended April little changed despite a late oil-driven wobble sparked by inflation and rate-hike concerns," Saxo Bank noted.The dollar fell early, with the ICE dollar index last seen down 0.14 points to 97.92, the lowest since the start of the war on Iran. Treasury yields rose, with the yield on the U.S. two-year note last seen up 2.7 basis points to 3.9%, while the 10-year note last seen paying 4.393%, up 1.8 points.
$GCM6$GLD
Sectors
Sector Update: Financial Stocks Rise Premarket Friday
Financial stocks were rising premarket Friday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.4%.The Direxion Daily Financial Bull 3X Shares (FAS) was 1.1% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 1.1%.Aon (AON) shares were up more than 2% after the company reported higher Q1 adjusted earnings and revenue.Ares Management (ARES) stock was up more than 2% after the company posted higher Q1 earnings and revenue.Cboe Global Markets (CBOE) shares were up more than 5% after the company posted higher Q1 adjusted earnings and revenue.
$AON$ARES$CBOE$FAS$FAZ$XLF
Research
Research Alert: Imo Q1: Earnings Fall On Weak Differentials, Fx Woes, Flat Upstream Output
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:IMO Q1 net income declined 27% to CAD940M (CAD1.94/share) from CAD1,288M (CAD2.52/share) in the prior year, with revenues down 1% to CAD12.4B. The earnings decline was due to weaker commodity price realizations, wider WTI/WCS differential (CAD14.34 vs CAD12.59), and flat upstream production at 419k bpd, partially offset by improved downstream margins. Multiple operational hiccups including unplanned coker downtime at Syncrude and natural gas supply outages translated into significantly depressed cash flows that likely won't be well received by the market. The company increased its dividend 20% to CAD0.72/share and plans to renew its share buyback program in June 2026. FCF declined sharply to CAD306M from CAD1,150M as capex increased 20% to CAD478M. We note the balance sheet remains best in class, however pricing realizations and upstream production combined for a lackluster showing during a period that could have been greatly advantageous.
$IMO