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Kepler Cheuvreux Upgrades BASF to Buy, Lifts PT

Kepler Cheuvreux on Thursday upgraded German chemicals group BASF (BAS.F) to buy from hold and increased its price target to 56.00 euros from 54.00 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$BAS.F

Research46d ago

Autonomous Research Downgrades Banca Monte dei Paschi to Neutral

Autonomous Research on Wednesday downgraded Italian lender Banca Monte dei Paschi di Siena (BMPS.MI) to neutral from outperform, while maintaining its price target at 10.28 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$BMPS.MI

Research46d ago

Fearnley Securities Upgrades Mærsk to Hold, Boosts PT

Fearnley Securities on Thursday upgraded Danish shipping company A.P. Møller - Mærsk (MAERSK-A.CO, MAERSK-B.CO) to hold from sell and raised its price target to 15,500 Danish kroner from 9,700 kroner.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$MAERSK-A.CO$MAERSK-B.CO

Research46d ago

EFG-Hermes Brokerage Upgrades Salik to Neutral

EFG-Hermes Brokerage on Wednesday raised tollgate operator Salik (DFM:SALIK) to neutral from sell, while keeping its price target at 5.10 Emirati dirhams.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

DFM:SALIK

Research46d ago

Berenberg Cuts Hermès International PT, Maintains Buy Rating

Berenberg on Thursday decreased the price target for luxury fashion house Hermès International (RMS.PA) to 1,850 euros from 2,600 euros and maintained its buy rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$RMS.PA

Mining & Metals46d ago

Coppernico Metals Launches C$5 Million Private Placement

Coppernico Metals (COPR.TO) seeks to raise C$5 million in a private placement to advance development of the Sombrero Project in Peru, the company said Thursday.The company plans to use the proceeds to advance drill permitting and additional community agreements to support future exploration activities at the project, as well as for general corporate and working capital purposes.The offering consists of 14,285,714 units priced at $0.35 apiece. Each unit will be comprised of one common share and one share purchase warrant exercisable at $0.50 per share for 24 months.Closing is expected June 26.

$COPR.TO

Wire46d ago

Guardant Health Says FDA Approved Guardant360 CDx as Companion Diagnostic for Non-Small Cell Lung Cancer Therapy

Guardant Health (GH) said Thursday that the US Food and Drug Administration has approved Guardant360 CDx as a companion diagnostic for Boehringer Ingelheim's Hernexeos therapy in adults with HER2-mutant advanced non-small cell lung cancer.The Guardant360 CDx is a liquid biopsy test that identifies patients with HER2 mutations who may be eligible for treatment with Hernexeos, Guardant Health said.Shares of the company were up 1.6% in Thursday premarket trading.

$GH

International46d ago

German Current Account Surplus Falls in April

Germany's current account surplus totaled 13.8 billion euros in April, down by 10.7 billion euros from the previous month, the Deutsche Bundesbank said Thursday.The German central bank attributed the movement to lower surpluses in merchandise trade and so-called invisible current account transactions.

^SXXP

Equities46d ago

Grupo Santander Upgrades Neste to Neutral, Raises PT

Grupo Santander on Thursday upgraded Finnish oil refiner Neste (NESTE.HE) to neutral from underperform and raised its price target to 28.00 euros from 25.50 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$NESTE.HE

Sectors46d ago

Sector Update: Consumer Stocks Mixed Pre-Bell Thursday

Consumer stocks were mixed premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) retreating 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gaining 0.8%.Tesla (TSLA) shares were up more than 1% pre-bell after Annick De Ridder, the Flemish Minister of Mobility, Public Works, Ports, and Sport, said in an X post that the EV maker's full self-driving technology has been approved in Belgium.Alibaba (BABA) shares fell more than 4% after Bloomberg reported that the company has replaced the head of its AI-chat app, Dingtalk, in a leadership change after an insider debate regarding the productivity platform's role in the broader AI strategy of the e-commerce colossus.McGraw Hill (MH) stock declined more than 6% premarket after the company reported lower fiscal Q4 revenue.

$BABA$MH$TSLA$XLP$XLY

Asia46d ago

Breton Technology's Chair Boosts Shareholding

Breton Technology's (HKG:1333) Chair and controlling shareholder Chen Fangming acquired an additional 227,000 H shares in the company on Thursday, according to a same-day Hong Kong bourse filing.The shares, purchased from the market, represent roughly 0.06% of the electric engineering machinery maker's issued share capital.Chen now holds over 119.3 million, or 30.62%, shares in the company, including 21.1 million domestic shares and 98.2 million Hong Kong-listed shares.

HKG:1333

Asia46d ago

Changzhou Aohong Electronics Starts Conversion of Convertible Bonds

Changzhou Aohong Electronics' (SHA:605058) convertible bonds will start converting for 34.04 yuan apiece, according to a Thursday filing with the Shanghai bourse.The 5.8 million bonds, with a total issuance amount of 580 million yuan, are convertible from June 17, 2026, to Dec. 10, 2031.

SHA:605058

International46d ago

US Initial Jobless Claims Rise in Week Ended June 6

US initial jobless claims rose to a level of 229,000 in the week ended June 6 from an unrevised level of 225,000 in the previous week, compared with expectations for a increase to 220,000 in survey of analysts compiled by Bloomberg.The four-week moving average increased by 4,250 to 219,000 after increasing by 6,500 to a level of 214,750 in the previous week.Insured jobless claims rose by 24,000 to 1,795,000 in the week ended May 30.The weekly initial jobless claims data released by the US Labor Department measures filings for unemployment insurance benefits. Initial filings are reported through the previous Saturday, while those already on benefits are measured with a one-week lag.A decrease in claims suggests a stronger labor market, a positive for the US economy and stocks, but a negative for bonds as it suggests wage growth that could lead to inflation.

Sectors46d ago

Trump Says US to Attack Iran Tonight, Will Soon Take Kharg Island

President Donald Trump said Thursday on Truth Social that the US will hit Iran with an attack "VERY HARD TONIGHT," and that it will take control of Kharg Island sometime in the "not too distant future."

Sectors46d ago

Sector Update: Tech Stocks Higher Pre-Bell Thursday

Technology stocks were higher pre-bell Thursday, with the State Street Technology Select Sector SPDR ETF (XLK) advancing by 1.5% and the State Street SPDR S&P Semiconductor ETF (XSD) 2.4% higher.Shares of Oracle (ORCL) fell over 9% in premarket activity as the cloud computing company announced plans to raise an additional $20 billion in equity and debt for its capital expenditures in fiscal 2027.Coupang (CPNG) shares were up more than 7% before market open. Bloomberg reported that Coupang's South Korean entity was hit with a record 624.7 billion won ($409 million) fine for a major data breach and associated privacy violations that impacted nearly 34 million accounts.SAP (SAP) stock retreated more than 2% pre-bell after Goldman Sachs cut its price target on the company.

$CPNG$ORCL$SAP$XLK$XSD

Commodities46d ago

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Thursday Amid US Attacks on Iran

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.3% and the actively traded Invesco QQQ Trust (QQQ) advanced 0.6% in Thursday's premarket activity, amid US attacks on Iran and ahead of economic data.US stock futures were also higher, with S&P 500 Index futures up 0.4%, Dow Jones Industrial Average futures advancing 0.5%, and Nasdaq futures gaining 0.8% before the start of regular trading.May's producer price index, a measure of wholesale prices, and the weekly jobless claims bulletin are scheduled to be released at 8:30 am ET.Weekly natural gas stocks post at 10:30 am ET.In premarket action, bitcoin was up by 3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.9% higher, Ether ETF (EETH) advanced 1.9%, and Bitcoin & Ether Market Cap Weight ETF (BETH) retreated by 0.1%.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 1.4% and the Vanguard Industrials Index Fund (VIS) added 0.3%, while the iShares US Industrials ETF (IYJ) was 0.6% lower.PureCycle Technologies (PCT) stock was down more than 16% before the opening bell after the company priced simultaneous public offerings of debt and equity to generate $395 million in total gross proceeds.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) and the iShares US Technology ETF (IYW) advanced 1.4% each, while the iShares Expanded Tech Sector ETF (IGM) was up 1.5%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) increased by 3.2%, while the iShares Semiconductor ETF (SOXX) rose by 3%.Oracle (ORCL) shares were down more than 10% in premarket activity as the cloud computing company announced plans to raise about $40 billion via debt and equity issuances in fiscal 2027, including its previously announced $20 billion stock sale.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1.8%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.7% lower.WisdomTree (WT) shares were down more than 5% pre-bell, continuing from a 1.9% fall in the previous session. The company reported higher assets under management and net inflows for May.HealthcareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.1%, the Vanguard Health Care Index Fund (VHT) was down 0.5%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was 0.9% higher.Novartis (NVS) stock was up more than 2% premarket after the company said a phase 1/2 study of its experimental therapy, del-brax, met both primary and key secondary endpoints in patients with facioscapulohumeral muscular dystrophy.EnergyThe iShares US Energy ETF (IYE) advanced 0.02%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 1%.BP (BP) stock was up more than 2% before market open a day after the company said its Whiting refinery team held a 63rd formal bargaining meeting with the United Steelworkers Local 7-1 committee to discuss a new labor contract.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.2%, and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) retreated by 0.01%. The iShares US Consumer Staples ETF (IYK) fell by 0.7%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.3%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) rose by 0.8%.Tesla (TSLA) shares were up nearly 1% pre-bell after Annick De Ridder, Flemish Minister of Mobility, Public Works, Ports, and Sport, said in an X post that the EV maker's full self-driving technology has been approved in Belgium.CommoditiesFront-month US West Texas Intermediate crude oil rose 0.9% to $90.83 per barrel on the New York Mercantile Exchange. Natural gas was down 1.5% at $3.14 per 1 million British Thermal Units. The United States Oil Fund (USO) rose 0.4%, while the United States Natural Gas Fund (UNG) was 1.2% lower.Gold futures for July retreated by 0.7% to $4,105.70 an ounce on the Comex. Silver futures declined by 1.3% to $63.87 an ounce. SPDR Gold Shares (GLD) was up by 0.04%, and the iShares Silver Trust (SLV) decreased by 0.2%.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$BP$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$NVS$ORCL$PCT$PMR$QQQ$RTH$SLV$SOXX$SPY$TSLA$UNG$USO$VDC$VHT$VIS$WT$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

Asia46d ago

Akeso's Trustee, Senior Management to Buy Back Shares

Akeso's (HKG:9926) board approved a plan for a trustee to buy back up to HK$200 million ordinary shares under a 2021 restricted share unit scheme, according to a Thursday Hong Kong bourse filing.The shares will be repurchased from the open market, the drug company said.Additionally, Chairperson and CEO Xia Yu, Chief Financial Officer Bing C. Wang, and three executive directors plan to increase their shareholdings in the company.The parties will purchase a total of up to HK$50 million shares from the open market.

HKG:9926

Sectors46d ago

Trump Says US to Attack Iran Tonight, Will Soon Take Kharg Island

Sectors46d ago

Sector Update: Financial

Financial stocks were mostly higher pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.7%.The Direxion Daily Financial Bull 3X Shares (FAS) rose by 0.9%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.1% lower.WisdomTree (WT) shares were down more than 5% pre-bell, continuing from a 1.9% fall in the previous session. The company reported higher assets under management and net inflows for May.

$FAS$FAZ$WT$XLF

Sectors46d ago

Sector Update: Energy

Energy stocks were up premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) gaining 0.4%.The United States Oil Fund (USO) was down 1.4%, while the United States Natural Gas Fund (UNG) was 1.1% lower.Front-month US West Texas Intermediate crude oil was down 1.3% to $88.86 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil declined 1.4% to $91.81 per barrel, and natural gas futures were 2% lower at $3.12 per 1 million British Thermal Units.BP (BP) stock was up more than 1% before market open a day after the company said its Whiting refinery team held a 63rd formal bargaining meeting with the United Steelworkers Local 7-1 committee to discuss a new labor contract.

$BP$UNG$USO$XLE

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Commodities46d ago