FINWIRES · TerminalLIVE
FINWIRES

$TM

16 stories mentioning TM

Every FINWIRES story that references TM, newest first.

Wire

Update: Market Chatter: Toyota Motor Secures Stake in Autonomous Driving Startup Tier IV

(Updates with Tier IV's response in the fourth paragraph.)Toyota Motor (TM) has formed a capital and commercial partnership with Japanese autonomous driving startup Tier IV, Nikkei Asia reported late Tuesday, citing internal information.The automotive group bought a 1% interest in the startup for an estimated 1 billion yen ($6.2 million) through its Toyota Invention Partners unit, the report said.The manufacturer plans to use Tier IV's technology to implement Level 4 autonomous capabilities into its e-Palette electric shuttle vehicle by fiscal 2027, the report said.Toyota Motor did not immediately respond to' request for comment, while Tier IV declined to comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $175.17, Change: $-0.61, Percent Change: -0.35%

$TM
Wire

Toyota Motor May US Sales at 238,800 Units, Down 0.6% Year Over Year, Bloomberg Says

Toyota Motor May US Sales at 238,800 Units, Down 0.6% Year Over Year, Bloomberg Says

$TM
Asia Markets

US Equity Futures Rise Pre-Bell Despite Renewed US-Iran Clashes

US equity futures were edging higher pre-bell Monday despite the shaky Middle East ceasefire being tested once again by a new exchange of attacks, even as President Donald Trump stated that Iran wants to come to an agreement.Dow Jones Industrial Average futures were 0.21% higher, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.2% higher.The US said that it struck radar and drone sites in Iran after an American drone was shot down over the weekend. Iran then said it launched its own strike, while Kuwait reported that it intercepted incoming drone and missile fire."Iran really wants to make a deal, and it will be a good one for the U.S.A. and those that are with us," Trump said in a post on Truth Social. He has not yet decided on whether to move forward on an agreement to extend the ceasefire and reopen the Strait of Hormuz.Among the companies reporting financial results this week are Palo Alto Networks (PANW), Broadcom (AVGO), and CrowdStrike (CRWD).Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2.3% at $93.24 per barrel and US West Texas Intermediate crude 2.9% higher at $89.92 per barrel.The final S&P Global manufacturing purchasing managers index for May, due at 9:45 am ET, is seen coming in at 55.3, unchanged from its prior value, according to estimates compiled by Bloomberg.The May Institute for Supply Management's services index, due at 10 am ET, is projected at 53.0, versus 52.7 previously. The April construction spending report is also due at 10 am ET.In other world markets, Japan's Nikkei closed 0.9% higher, Hong Kong's Hang Seng ended 0.9% higher, and China's Shanghai Composite finished 0.3% lower. Meanwhile, the UK's FTSE 100 was down 0.3%, and Germany's DAX index was 0.6% higher in Europe's early afternoon session.In equities, Nvidia (NVDA) and Microsoft (MSFT) shares were up 2.4% and 3.6%, respectively, after Nvidia said it launched RTX Spark, a new chip for Microsoft Windows PC personal AI agents. Dell Technologies (DELL) stock was up 1.2% after the company said it launched its XPS 13 compact laptop. Salesforce (CRM) shares rose nearly 5% after the company said it plans to invest $2 billion in France through 2030 and expand its AI and cloud operations.On the losing side, Toyota Motor (TM) stock was down 3% after a Wall Street Journal report that the Trump administration is expected to propose a tweak to the US-Mexico-Canada Agreement that would require half of all automobile components and materials to come from sources in the US. Constellation Energy (CEG) stock was down 2.7% after the company said certain shareholders launched a public offering of 11 million of its common shares.

Dow JonesNasdaq CompositeS&P 500$AVGO$CEG$CRM$CRWD$DELL$MSFT$NVDA$PANW$TM
Wire

Market Chatter: Toyota Motor to Discontinue Development of Next Generation Lexus EV Model

Toyota Motor (TM) will discontinue development of a next-generation Lexus electric vehicle and instead focus on SUVs and other vehicles, Nikkei Asia reported Thursday.Development is expected to be halted on a mass-production version of the Lexus LF-ZC sedan, the report said, adding that production was originally scheduled to begin late this year before being postponed to mid-2027.The company is expected to continue research and development into gigacasting technology and solid-state batteries, while also exploring future applications of next-generation EV technology, according to the news outlet.Toyota did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $192.30, Change: $+2.19, Percent Change: +1.15%

$TM
Wire

Toyota Motor Recalls 82,000 US Vehicles Over Instrument Display Software Issue

Toyota Motor (TM) said Wednesday it is recalling about 82,000 model year 2024-2025 Land Cruiser, Mirai, Lexus UX and GX vehicles in the US due to a software issue that could cause parts of the instrument cluster display to go blank during startup.The automaker said some warning lights and indicators may fail to appear, meaning the vehicles would not meet federal safety requirements and could increase the risk of a crash or injury if drivers do not receive critical alerts.Toyota said dealers will update the combination meter software free of charge. Notifications to owners are expected to begin by late July.Price: $189.40, Change: $-0.69, Percent Change: -0.36%

$TM
Asia Markets

US Equity Futures Fall Pre-Bell as US-China Summit Ends With No Significant Policy Developments

US equity futures were falling pre-bell Friday as traders noted that the summit between President Donald Trump and Chinese President Xi Jinping ended with no significant policy developments.Dow Jones Industrial Average futures were 0.9% lower, S&P 500 futures were down 1.2%, and Nasdaq futures were 1.7% lower.The two world leaders agreed that the Strait of Hormuz should remain open, according to a US readout from a White House official. Trump said that China agreed to 200 planes from Boeing (BA), with the promise to buy 750 "if they do a good job with the 200." Details of the agreement were not immediately available, including when and which type of jets would be delivered, but the initial figure was smaller than 500-plane package expected by investors.Traders also digested the latest round of earnings, with Applied Materials (AMAT) posting higher fiscal Q2 earnings and revenue late Thursday.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2.5% at $108.34 per barrel and US West Texas Intermediate crude 3.2% higher at $104.43 per barrel.The New York Federal Reserve's Empire State manufacturing index rose to 19.6 in May from 11.0 in April, compared with expectations of a decrease to a reading of 7.2 in a survey compiled by Bloomberg.The April industrial production report, due at 9:15 am ET, is forecast to show a 0.3% increase following a 0.5% decline in the prior month.In other world markets, Japan's Nikkei closed 2% lower, Hong Kong's Hang Seng ended 1.6% lower, and China's Shanghai Composite finished 1% lower. Meanwhile, the UK's FTSE 100 was down 2%, and Germany's DAX index was 2% lower in Europe's early afternoon session.In equities, Nvidia (NVDA), Micron Technology (MU), and Taiwan Semiconductor Manufacturing (TSM) were part of broader technology stock sell-offs as traders took profits after the group saw sharp gains of late. Nvidia shares were 3% lower, Micron stock was down 4.2%, and Taiwan Semiconductor shares fell 3%.On the winning side, Toyota Motor (TM) shares were up 1.7% after the company sought approval to build a new vehicle assembly line at its manufacturing plant in Texas as part of a $2 billion expansion, according to a Reuters report citing a filing. Figma (FIG) stock was up 7.2% after the company posted higher Q1 adjusted earnings and revenue that beat analysts' estimates. Magnum Ice Cream (MICC) shares rose over 11% after Reuters reported that Blackstone (BX) and Clayton, Dubilier & Rice are in the early stages of considering bids to acquire the company.

Dow JonesNasdaq CompositeS&P 500$AMAT$BA$BX$FIG$MICC$MU$NVDA$TM$TSM
Research

Research Alert: CFRA Lowers Opinion On Ads Of Toyota Motor Corporation To Sell From Hold

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target price to USD150 from USD260, implying a FY 27 (Mar.) P/B of 0.72x, as the latest financial reports and guidance confirm that the structural profit erosion is deeper and more prolonged than we previously anticipated. Our revised FY 27 EPS estimate of JPY2,830, reduced from JPY3,330, reflects the incremental headwind from the Middle East that management has acknowledged it cannot fully absorb on top of the persistent U.S. tariff burden. We initiate a FY 28 EPS forecast of JPY3,210, assuming some degree of stabilization in tariff and geopolitical conditions and a gradual benefit from cost-reduction and value-chain initiatives, but still well short of the levels that would support the previous valuation premium. Our de-rating reflects not only the immediate compression in earnings but also the heightened unpredictability of trade policy and the risk that Toyota's break-even volume remains structurally elevated. We downgrade our rating to Sell from Hold.

$TM
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Friday Amid Employment Data

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.6% and the actively traded Invesco QQQ Trust (QQQ) was 0.8% higher in Friday's premarket activity amid April's employment data release.US stock futures were also higher, with S&P 500 Index futures up 0.5%, Dow Jones Industrial Average futures advancing 0.3%, and Nasdaq futures gaining 0.7% before the start of regular trading.The April employment report showed nonfarm payrolls rose by 115,000, above the 65,000 jobs increase expected in a survey compiled by Bloomberg, while March payrolls were revised up to a 185,000 increase and February payrolls were revised down to a 156,000 decrease.The University of Michigan's preliminary consumer sentiment reading for May and the wholesale inventory data for March will be released at 10 am ET.In premarket activity, bitcoin was up by 0.1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.1% higher, Ether ETF (EETH) retreated by 0.3%, and Bitcoin & Ether Market Cap Weight ETF (BETH) fell 3%.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained 1%, and the iShares US Technology ETF (IYW) was 0.7% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 0.7%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) advanced by 2.7%, while the iShares Semiconductor ETF (SOXX) rose by 2%.United Microelectronics (UMC) shares were down more than 3% in premarket activity after the company reported April sales of 22.66 billion New Taiwan dollars ($721.8 million), up 11% from a year earlier.Winners and Losers:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.2% and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.7%. The iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.5%. The VanEck Retail ETF (RTH) and the State Street SPDR S&P Retail ETF (XRT) were inactive.Toyota Motor (TM) shares were down more than 1% pre-bell after the company reported lower fiscal 2026 earnings.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.3%, the Vanguard Health Care Index Fund (VHT) was up 0.3%, while the iShares US Healthcare ETF (IYH) rose 2%. The iShares Biotechnology ETF (IBB) gained 0.5%.Tempus AI (TEM) stock was up more than 1% premarket after the company said it priced its upsized private placement of $400 million of 0% convertible senior notes due May 15, 2032.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.8%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.7% lower.Goldman Sachs BDC (GSBD) shares were down more than 1% pre-bell after the company reported lower Q1 adjusted net investment income and total investment income.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.6%, while the Vanguard Industrials Index Fund (VIS) was flat and the iShares US Industrials ETF (IYJ) was 1.1% higher.Ferrovial (FER) stock was up more than 1% before the opening bell after the company reported higher Q1 adjusted earnings before interest, taxes, depreciation and amortization and revenue.EnergyThe iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) retreated by 0.02%.Scorpio Tankers (STNG) stock was down more than 1% before the opening bell after the company said it plans to offer $150 million of 1.75% convertible senior notes due 2031 via a private placement.CommoditiesFront-month US West Texas Intermediate crude oil gained by 0.1% to reach $94.92 per barrel on the New York Mercantile Exchange. Natural gas was up 0.2% at $2.77 per 1 million British Thermal Units. The United States Oil Fund (USO) fell by 1.3%, while the United States Natural Gas Fund (UNG) was 0.1% lower.Gold futures for May gained by 0.4% to reach $4,728.60 an ounce on the Comex. Silver futures advanced by 1.1% to $81.09 an ounce. SPDR Gold Shares (GLD) was 0.1% higher, and the iShares Silver Trust (SLV) rose by 1.8%.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$FER$GLD$GSBD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$PMR$QQQ$RTH$SLV$SOXX$SPY$STNG$TEM$TM$UMC$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Research

Research Alert: Toyota Reports Decline In Fy 26 Profit As Tariffs Weigh

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Toyota Motor posted 5.5% revenue growth to JPY50.7T in FY 26 (Mar.) with 2.5% higher vehicle sales to 9.6M units, but operating income fell 21.5% to JPY3.77T as a JPY1.38T U.S. tariff impact overwhelmed volume gains. North America swung to a JPY192.5B loss while Japan profit contracted 26.3%, though financial services provided a bright spot with 24.6% income growth to JPY851.7B. The company forecasts another steep profit decline for FY 27 to JPY3.0T operating income on JPY51.0T revenue, as JPY670B in new Middle East headwinds cannot be fully absorbed. Despite compressed earnings, Toyota raised the FY 26 dividend to JPY95 per share and plans JPY100 for FY 27, with flexible share repurchases without pre-set limits. CFO Miyazaki acknowledged three consecutive years of declining operating profit and emphasized accelerating business transformation into a mobility company through production reorganization, cost reduction, and expanding value-chain revenues, targeting ultimately a 20% ROE.

$TM
Wire

Market Chatter: Toyota Plans to Build Three Assembly Plants in India

Toyota Motor (TM) plans to build three vehicle assembly plants in India, tripling its local production capacity to 1 million units by the 2030s, Nikkei Asia reported Friday.The new plants, to be built in the western state of Maharashtra, will also act as export hubs, supplying vehicles to both the Indian market and those in the Middle East and Africa, according to the report.The first plant will commence operations in 2029, with the other two scheduled to start in the 2030s, the report said, adding that the total investment is estimated at around 300 billion yen ($1.9 billion).Toyota Motor did not immediately respond to a request for comment by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $189.83, Change: $-2.80, Percent Change: -1.45%

$TM
Wire

Update: Market Chatter: Foreign Automakers Consider Pulling Cheapest Models From US Amid Trade Deal Uncertainty

(Updates with Honda's and Nissan's responses to requests for comment.)Foreign automakers have notified the Trump administration they could remove their cheapest car models from the US market if the US-Mexico-Canada Agreement is watered down or not renewed at all, The Wall Street Journal reported Tuesday, citing unnamed people familiar with the discussions.Toyota Motor (TM), Honda Motor (HMC), Nissan and Hyundai offer US consumers small, affordable cars, and though many of those are made in the US, they rely on parts from all three North American countries, the report said.Honda said it would continue selling the compact Civic in the US even without a trade deal, but that the economics of doing so would become more difficult without the certainty of free trade between North American nations, a Honda spokesperson toldvia email."Nissan is committed to providing affordable vehicles for American customers and is increasing US manufacturing to support that goal," a Nissan spokesperson toldvia email. "However, tariffs on entry-level vehicles are driving up costs and jeopardize affordability for consumers. We are actively engaging with leaders in the United States and Mexico to address this challenge."Toyota and Hyundai didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $193.23, Change: $+1.06, Percent Change: +0.55%

$HMC$TM
Sectors

Sector Update: Consumer Stocks Fall Late Afternoon

Consumer stocks fell late Monday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) declining 1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.6%.In corporate news, United Airlines (UAL) CEO Scott Kirby confirmed he approached rival American Airlines (AAL) about a possible merger, and American declined to engage, closing the door on a deal. Separately, American is selling $1.14 billion of bonds financing a group of planes, Bloomberg reported. United shares fell 1.2%, and American dropped 3%.Domino's Pizza (DPZ) reported weaker-than-expected Q1 results on Monday, with the company's CEO saying consumer uncertainty and inflation weighed on demand late in the quarter. Its shares slumped past 9%.Verizon Communications (VZ) lifted its full-year earnings outlook on Monday and reported a Q1 bottom line above market estimates, while it unexpectedly added postpaid phone subscribers in the three-month period. Its shares rose 1.2%.Toyota Motor (TM) reported Monday total worldwide sales of 897,871 vehicles in March, down 7.3% from a year earlier. Toyota shares were fractionally higher.

$AAL$DPZ$TM$UAL$VZ
Sectors

Sector Update: Consumer Stocks Decline Monday Afternoon

Consumer stocks were lower Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.8% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.3%.In corporate news, Domino's Pizza (DPZ) reported weaker-than-expected Q1 results on Monday, with the company's CEO saying consumer uncertainty and inflation weighed on demand late in the quarter. Its shares slumped past 9%.Verizon Communications (VZ) lifted its full-year earnings outlook on Monday and reported a Q1 bottom line above market estimates, while it unexpectedly added postpaid phone subscribers in the three-month period. Its shares rose 2.5%.Toyota Motor (TM) reported Monday total worldwide sales of 897,871 vehicles in March, down 7.3% from a year earlier. Toyota shares were fractionally higher.

$DPZ$TM$VZ
Sectors

Sector Update: Consumer Stocks Mixed Premarket Monday

Consumer stocks were mixed premarket Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) slightly lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) marginally advancing.Domino's Pizza (DPZ) stock was down more than 7% after the company reported a decline in fiscal Q1 earnings, while revenue missed analysts' estimates.Avery Dennison (AVY) said it has made a $75 million minority investment in Wiliot. Shares of Avery Dennison were up more than 1% pre-bell.Toyota Motor (TM) reported total worldwide sales of 897,871 vehicles in March, down 7.3% from a year earlier. Toyota Motor shares were 0.3% higher premarket.

$AVY$DPZ$TM$XLP$XLY
Commodities

Exchange-Traded Funds, Equity Futures Lower Pre-Bell Monday as Oil Prices Rise on Renewed Middle East Tensions

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.4% and the actively traded Invesco QQQ Trust (QQQ) was 0.4% lower in Monday's premarket activity as rising oil prices tied to renewed Middle East tensions weigh on sentiment.US stock futures were also lower, with S&P 500 Index futures down 0.5%, Dow Jones Industrial Average futures slipping 0.5%, and Nasdaq futures retreating 0.4% before the start of regular trading.No economic releases are on Monday's schedule.In premarket activity, bitcoin was up by 0.4%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 2.8% lower, Ether ETF (EETH) fell by 4.8%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 1.7%.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated 0.2%, while the Vanguard Industrials Index Fund (VIS) fell 1.6% and the iShares US Industrials ETF (IYJ) was inactive.TopBuild (BLD) stock was up more than 2% before the opening bell, while QXO (QXO) shares declined by 2% after QXO agreed to acquire TopBuild for $505 per share in a deal valued at about $17 billion.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.5%, and the iShares US Technology ETF (IYW) was 0.3% lower, while the iShares Expanded Tech Sector ETF (IGM) was down 0.9%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was 0.1% lower, while the iShares Semiconductor ETF (SOXX) decreased by 0.2%.AST SpaceMobile (ASTS) shares were down more than 12% in Monday's premarket activity after the company said Sunday the BlueBird 7 satellite was placed into a lower-than-planned orbit during the New Glenn 3 mission and will be de-orbited.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated 0.3%, the Vanguard Health Care Index Fund (VHT) retreated 0.4%, while the iShares US Healthcare ETF (IYH) gained 0.1%. The iShares Biotechnology ETF (IBB) was down 0.6%.AstraZeneca (AZN) stock was down more than 2% premarket, after a 2.2% gain at Friday's close. The company said Monday its pivotal phase 3 study of tozorakimab demonstrated a "significant" reduction in the annual rate of moderate-to-severe COPD exacerbations in trial participants.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.5%. Direxion Daily Financial Bull 3X Shares (FAS) was down 1.4%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.7% higher.Bank of Hawaii (BOH) shares were down more than 2% pre-bell after the company reported lower-than-expected Q1 earnings and revenue.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.2%, while the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 1.1%. The iShares US Consumer Staples ETF (IYK) rose 2.3%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.7%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) retreated by 0.5%.Toyota Motor (TM) shares were down more than 1% pre-bell, after closing Friday with a 2% rise. Reuters reported Monday that Toyota Tsusho and Indonesian state energy firm Pertamina's renewable energy unit are in talks over a potential $200 million to $300 million joint investment for a bioethanol production facility in Indonesia's Lampung province.EnergyThe iShares US Energy ETF (IYE) was 1.3% higher, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 1.1%.Eni (E) stock was up more than 1% before the opening bell after the company said it made a gas discovery in the Kutei Basin off the coast of Indonesia.CommoditiesFront-month US West Texas Intermediate crude oil rose by 5.6% to $88.52 per barrel on the New York Mercantile Exchange. Natural gas advanced by 2.1% to $2.73 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 4.9%, while the United States Natural Gas Fund (UNG) was 1.1% higher.Gold futures for May were down by 1% at $4,830.50 an ounce on the Comex. Silver futures retreated by 2.4% to $80.47 an ounce. SPDR Gold Shares (GLD) was 0.9% lower, and the iShares Silver Trust (SLV) fell by 2%.

Dow JonesNasdaq CompositeS&P 500$ASTS$AZN$BETH$BITO$BLD$BOH$E$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$PMR$QQQ$QXO$RTH$SLV$SOXX$SPY$TM$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Commodities

Market Chatter: Indonesia, Toyota Explore up to $300 Million Bioethanol Project In Lampung

Indonesia is holding discussions with Japanese automotive giant Toyota Motor (TM), in a potential joint effort for bioethanol production in the country, according to a Reuters report on Monday.The project involves the renewable energy unit of Indonesia's state-owned Pertamina, with the plant located in the Lampung province on the southern tip of Sumatra, according to the country's Deputy Investment Minister Todotua Pasaribu.With a planned capacity of 60,000 kilolitres of bioethanol per annum, construction on the plant could begin as early as the second half of 2026, with output starting in 2028, if the two sides reach an agreement.Feedstock for the plant will be produced by a new 6,000-hectare, or 14,800-acre sorghum plantation, Pasaribu said, while estimating that the overall investment could reach $200 million to $300 million.Japan's Research Association of Biomass Innovation for Next Generation Automobile Fuels (raBit) is also involved in the discussions, while senior Toyota executives highlighted that the plant's bioethanol output can be used to fuel the company's own vehicles.This comes as Indonesia pushes to scale up bioethanol output using domestic feedstocks such as palm biomass, corn and sorghum, aiming to cut reliance on imported fuels. The government also plans to mandate a 10% bioethanol blend in gasoline starting in 2028.Neither Toyota nor the Indonesian Ministry of Investment immediately responded to' request for a comment on this story.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$TM