Financial News · Live Terminal

Page 1485 of 2548

AI Chipmaker Cerebras Could Raise Up To $5.52 Billion in Upsized IPO

Cerebras Systems increased the size and expected price range of its initial public offering, which now could raise as much as $5.52 billion for the artificial intelligence chipmaker.The company is looking to offer 30 million class A common shares at between $150 and $160 per share, according to a preliminary prospectus filed with the Securities and Exchange Commission on Monday. Prior paperwork showed the company was looking to offer 28 million shares at between $115 and $125 per share.The underwriters will now have an option to purchase up to an additional 4.5 million shares, compared with 4.2 million additional shares previously on the table.Based on the top end of the new price range and the increased share count, the IPO could yield up to $5.52 billion' calculations showed, assuming that underwriters exercise their over-allotment option in full.Cerebras, which has applied to list its class A shares on the Nasdaq Global Select Market under the symbol "CBRS," is expected to launch its IPO on Thursday, according to a Nasdaq IPO calendar.The IPO has drawn orders for more than 20 times the number of shares available ahead of its May 13 pricing, Reuters reported Sunday, citing people familiar with the matter. The company in October 2025 dropped plans to go public.Cerebras, which competes with companies including Nvidia (NVDA) and Advanced Micro Devices (AMD) in the hardware category, reported 2025 net income of $1.38 per share on revenue of $510 million. That compares with a loss of $9.90 per share and revenue of $290.3 million in 2024.It also competes with cloud service providers such as Amazon (AMZN) Web Services and Microsoft's (MSFT) Azure.The company said in April it had raised $2.85 billion in capital over a period of eight months, including a new credit facility for up to $850 million.Earlier this year, Cerebras agreed to deploy 750 megawatts of its wafer-scale systems for OpenAI's customers. The deal was valued at more than $20 billion, according to Cerebras' latest IPO filing.Price: $221.31, Change: $+6.09, Percent Change: +2.83%

$AMD$AMZN$MSFT$NVDA

Commodities53d ago

Natural Gas Faces Oversupply, Oil Balances Geopolitical Risk, EBW Analytics Says

Natural gas markets were rangebound Monday as weather shifts, supply trends, and geopolitical risks continued to offset longer-term fundamental pressures, EBW Analytics said in a Monday note.US natural gas futures briefly tested resistance near $2.883/MMBtu before slipping into the high-$2.60s last week. Prices later stabilized following a bullish Energy Information Administration storage report.However, EBW said weakening LNG feedgas demand and rising domestic production continue to pressure the market, with July-December contracts showing significantly more weakness than the front month.Weather forecasts added 12 cooling degree days to the May outlook, which could lift near-term sentiment. Still, EBW cautioned that it is too early for a sustained pre-summer rally. Late-May demand erosion could drive unusually large storage injections, potentially pushing inventories more than 200 billion cubic feet above five-year averages.LNG feedgas has fallen about 2.5 Bcf/d from April highs due to maintenance at major export facilities, including Cameron LNG and Corpus Christi, along with softer flows at Sabine Pass. At the same time, production has rebounded across the Marcellus and Permian, reinforcing expectations for stronger storage builds into early summer.EBW noted that heating demand is set to fall sharply over the next two weeks, increasing the risk of triple-digit weekly injections into late May and June. However, heavy speculative short positions leave the market vulnerable to upside driven by hotter weather.Despite demand concerns, global oil balances remain tight. US gasoline and distillate inventories are at decade seasonal lows, while Chinese imports have fallen by 3-3.5 million barrels per week due to disruptions. EBW warned that shipping delays will continue to push inventory declines for weeks, even under improved conditions in the Strait of Hormuz.Globally, shortages are already appearing in refined products, particularly jet fuel in Europe and supply-constrained regions in Asia. Analysts said markets may reach minimum operating thresholds well before outright depletion, with potential stress conditions emerging as soon as June.US power demand surprised to the upside last week, with stronger loads in New England and the Central Industrial region more than offsetting declines in the South Central, according to market data. Despite the demand strength, power-sector natural gas consumption still edged lower by 0.1 Bcf/d as rising nuclear generation displaced gas-fired output.Regional power prices remained mixed. Day-ahead pricing in PJM West rose to $48.95/MWh, extending the trend of elevated spring shoulder pricing. In contrast, ERCOT North prices fell to $27.17/MWh as weaker loads and stronger wind generation weighed on the market after very low levels the prior week.Nuclear output rose 2.4%, reaching five-year seasonal highs, led by gains in the Southeast and Mid-Atlantic. The increase further limited gas burn for electricity generation while helping stabilize broader power pricing.

Asia Markets53d ago

Swiss Stocks Kick Off Week Little Changed; Ams-Osram Shares Gain

The Swiss Market Index was 0.01% higher on Monday's close, as investors gear up for a busy week of economic data prints and business surveys across Europe and other major global markets.ABB (ABBN.SW) is investing $200 million over the next three years to bolster its medium-voltage manufacturing and technology capabilities in Europe, with $100 million earmarked for a new facility in Italy. The other half will be allocated for capacity expansion projects across the Switzerland-based electrification and automation company's manufacturing facilities in Bulgaria, Finland, Germany, Norway and Poland. The stock was up 1.88% at closing.Ams-Osram (AMS.SW) saw its shares surge 13.22% as it agreed to sell its CMOS Image Sensor business to indie Semiconductor for a total consideration of 40 million euros. The divestment is part of the light and sensors manufacturer's accelerated deleveraging plan and continued efforts to focus on core digital photonics growth vectors, with the deal anticipated to complete within the next six months."While [CMOS Image Sensor] represents a strong technology platform, our strategic priority is to concentrate investments on those AI driven segments that offer the most promising growth prospects and where we clearly differentiate - including AI Photonics and AR smart glasses," Ams Osram Chief Executive Officer Aldo Kamper said. "At the same time, the expected cash proceeds provide an additional contribution to our accelerated balance sheet deleveraging. Our transformation into the Digital Photonics powerhouse is progressing."Switzerland's economic news calendar was empty for the day, while the release of the country's April producer and import prices and first-quarter industrial production data are on this week's agenda. Market watchers are also awaiting the April US inflation rate figures and Eurozone ZEW Economic Sentiment Index for May, among other key data releases.

^SSMI$ABBN.SW$AMS.SW

Mining & Metals53d ago

CIBC Confirms Neutral Rating on Leon's Furniture and Cuts Target to C$28.00 on Q1 Results

CIBC Capital Markets maintained its neutral rating on the shares of Leon's Furniture (LNF.TO) and lowered its price target to C$28.00 from C$31.00 after the company reported its first-quarter results on Thursday.The bank noted the company's Q1 same-store sales growth was below expectations, reflecting a "strong prior-year comp and a consumer environment that remains challenging"."Despite these headwinds, Leon's continues to execute on its strategy, growing share and maintaining stable margins," said analyst Ty Collin. "Although comps get a bit easier as the year progresses, we continue to believe that more material improvement depends on a stronger Canadian consumer, which is uncertain amid growing macro volatility."CIBC also believes the recent exit of a competitor may ease competitive intensity in the commercial appliance business, though any benefit is expected to materialize gradually in the second half of 2026 and into 2027.(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://www..com/contact-us)Price: $24.90, Change: $-0.10, Percent Change: -0.40%

$LNF.TO

Wire53d ago

Earnings Flash (TKC) Turkcell Iletisim Hizmetleri Posts Q1 EPS 1.85 Turkish Lira

$TKC

Wire53d ago

Nice Remains Leading Cloud Contact Center Player With Limited Competition, Morgan Stanley Says

Nice (NICE) remains a leading player in the cloud contact center market, with limited competitors able to offer similar functionality at scale and strong conversational artificial intelligence capabilities, Morgan Stanley said in a Monday note.The company's large base of legacy on-premise workforce engagement management customers provides a durable source of growth as those customers transition to cloud offerings at higher average selling prices, the investment firm said. Morgan Stanley lowered its price target on Nice to $130 from $148 while maintaining its overweight rating.Morgan Stanley highlighted RingCentral's (RNG) leadership position in the unified communications market and cited the company's relationships with providers including Avaya, AT&T (T) and BT. Those partnerships give RingCentral access to about half of unified communications-as-a-service deals, the brokerage added.While uncertainty around RingCentral's longer-term growth profile remains, the company continues to execute on profitability expansion and improving capital returns, Morgan Stanley said. The firm raised its price target on RingCentral to $40 from $33 while maintaining its equal-weight rating.Price: $90.56, Change: $-2.17, Percent Change: -2.34%

$NICE$RNG$T

Treasury53d ago

SocGen's EU Governments Weekly Bond Positioning Report

The weekly analysis of flows into eurozone government bonds shows that, for the week ending last Friday, investors were net buyers of Germany's Bunds, France's OATs and Spain's SPGBs, and net sellers of Italy's BTPs, said Societe Generale.Bunds saw net buying over the week, continuing the trend of the previous 11 weeks and driven by both domestic and non-domestic investors. Domestic investors were net buyers, extending a 15-week buying streak, with activity concentrated in the 5-10y sector, where banks and asset managers were the most active participants. Non-domestic investors were also net buyers for the 12th consecutive week, primarily in the 5-10y and 10-20y sectors, led by asset managers and banks.OATs experienced net buying, continuing the buying trend observed over the previous three weeks and driven primarily by both domestic and non-domestic investors. Domestic investors were net buyers for the 16th consecutive week, with activity concentrated in the 20y+ and 10-20y segments, led mainly by asset managers. Meanwhile, non-domestic investors continued to be net buyers for the second consecutive week, driven by hedge funds and asset managers, with activity focused mainly in the 20y+ maturity.BTPs saw net selling, reversing the buying trend, driven by domestic investors. Domestic investors were net sellers, reversing the buying trend of the previous nine weeks, with activity concentrated mainly in the 20y+ segment and led by banks. Non-domestic investors continued to be net buyers, driven primarily by asset managers and hedge funds in the 20y+ and 2-5y segments.SPGBs saw net buying, extending the buying trend of the previous four weeks, driven by non-domestic investors. Domestic investors were net sellers after being buyers for the previous two weeks, with activity concentrated in the 5-10y and 10-20y sectors and driven primarily by asset managers. Non-domestic investors remained net buyers for the fifth consecutive week, with activity focused mainly in the 5-10y and 10-20y segments and driven largely by asset managers.

$CXY

Japan53d ago

US Equity Indexes Mixed, Crude Oil Rises as Iran Peace Process Stalls

US equity indexes traded mixed midday Monday, while crude oil futures rose, after President Donald Trump rejected Iran's response to his proposal to restart the peace process.The Nasdaq rose 0.3% to 26,320.6 after touching a record 26,339.78 intraday. The S&P 500 climbed 0.3% to 7,421.2 after hitting an all-time high of 7,423.59 earlier in the session. The Dow Jones Industrial Average was steady at 49,655.5.Energy was the standout gainer, followed by materials and technology. Communication services and consumer discretionary led the decliners.Tech heavyweights Qualcomm (QCOM), Micro Technology (MU), and Nvidia (NVDA) were among the top 10 gainers intraday in a category of stocks with a market capitalization of more than $200 billion, according to data compiled by Finviz.The US and Iran remained far apart on a framework to end their war and reopen the Strait of Hormuz, with Trump calling the Islamic Republic's reply to his proposed peace plan unworkable, Bloomberg reported. Tehran demanded a lifting of the US naval blockade and sanctions relief, while maintaining a degree of control over traffic through Hormuz, a person familiar with the matter told Bloomberg.West Texas Intermediate crude oil futures rose 2.3% to $97.62, and Brent crude futures increased 2.6% to $103.87.

Dow JonesNasdaq CompositeS&P 500$MU$NVDA$QCOM

Wire53d ago

Algonquin Power & Utilities Shares Range-Bound Until US Redomiciling Move Becomes Clearer, RBC Says

Algonquin Power & Utilities' (AQN) shares could be range-bound until investors get more clarity surrounding its potential redomiciling to the US, RBC Capital Markets said in a note emailed Monday.The potential moving of Algonquin's headquarters to the US makes financial and strategic sense, RBC analysts said. Assuming the Internal Revenue Service agrees with the company's analysis on tax implications, the move would cut its tax burden starting in 2027, the analysts said.With 82% of the company's revenues generated in the US, and only under 5% in Canada, US redomiciling would align better with its operating footprint, according to the note.The analysts noted that Algonquin has also been implementing its plan to become a premium regulated utility, successfully completing three large rate cases this year that will boost its revenue run-rate.RBC maintained the company's stock rating at sector perform and price target at $6.50.Price: $5.99, Change: $-0.08, Percent Change: -1.32%

$AQN

Asia Markets53d ago

German DAX Closes Flat Amid Stalled US-Iran Peace Talks

German shares were little changed, with the blue-chip index gaining 0.05% at Monday's close, as peace negotiations between the US and Iran remain in limbo.The diplomatic impasse deepened Sunday as Iran's latest offer, which included war reparations, the end of the US naval blockade, and recognition of the country's sovereignty over the Strait of Hormuz, was summarily dismissed by US President Donald Trump as "totally unacceptable" in a post on his social media platform Truth Social. Danske Bank noted that oil prices saw a 6% gain over May 8's close, with Brent trading around $106 per barrel by Monday morning.For the week ahead, key European economic releases include Germany's final April inflation and May ZEW survey on Tuesday, alongside first-quarter gross domestic product and industrial production figures for the broader eurozone on Wednesday. The market is also expected to focus on the meeting between Trump and Chinese President Xi Jinping scheduled for Thursday and Friday.On the corporate side, E.ON (EOAN.F) climbed 1.87% after agreeing to purchase British energy supplier Ovo. The acquisition is expected to bring 4 million customers to the German utility company and bolster its digital energy business.Meanwhile, Hannover Re (HNR1.F) slipped 2.62% at the end of the trading day, as the German reinsurer's first-quarter net income of 710.6 million euros missed the consensus estimate of 721 million euros, overshadowing the 47.9% surge in annual earnings."Q1 net income was a 1% miss, with [property and casualty] top-line a big miss and [life and health] top-line a beat... Negatives were L&H EBIT at EUR204m (20% miss vs cons EUR254m), driven by lower investment income and a negative currency result, and P&C revenue at EUR4,480m (13% below cons) due to [foreign exchange and structured reinsurance] volume declines, with Q1 new business [contractual service margin] -27% y/y," RBC Capital Markets said in a quick-take report. "While the stock has been weak into results, and the shares trade on a recent PE low, we would expect a muted first reaction, although the key message of resiliency is likely to resonate with existing shareholders."

^DAX$EOAN.F$HNR1.F

Wire53d ago

AdaptHealth's Labor Headwinds Lead to Fast Onboarding of Capitated Contract, RBC Says

AdaptHealth's (AHCO) increased spending on labor that weighed on its Q1 results ensured the "smooth" rollout of a major capitated contract in the home medical equipment space, RBC Capital Markets said in a note Friday.AdaptHealth is now well positioned to extend the relationship beyond the initial five-year period, while the new contract serves as a proof of concept that could attract additional large-scale capitated partners, the investment firm said.Management said the $12 million labor headwind includes $8 million variable labor cost to boost the capitated go-live process and $4 million of temporarily high wages and benefits from "duplicative regional onboarding," the note said.The $8 million variable labor cost is likely to normalize by the end of Q2, while the $4 million will likely decrease as the operating model right-sizes, RBC said.RBC kept AdaptHealth's outperform rating and increased the price target to $15 from $13.Shares of AdaptHealth were up 0.7% in Monday trading.Price: $11.38, Change: $+0.07, Percent Change: +0.66%

$AHCO

Research53d ago

Research Alert: CFRA Cuts Opinion On Shares Of Ingredion Incorporated To Hold From Buy

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 $119 from $137, ~11x our 2026 EPS of $10.83 (cut from $11.43; 2027 EPS cut to $11.84 from $12.37) vs. the 13x long-term mean. Our revised outlook reflects ongoing challenges at the Argo facility, one of the company's largest manufacturing sites. In April 2026, this facility experienced its third major disruption in 18 months. While management has characterized these as separate incidents, the pattern suggests underlying operational issues. This latest disruption and associated costs prompted the company to lower its full-year EPS guidance. Additional headwinds include Mexican peso strength (costs are peso-denominated), rising energy prices, packaging inflation, tariffs, and concerns about indirect impacts on consumer demand in 2H 2026. Given the prolonged margin recovery in the F&II-U.S./Canada segment, we believe it is prudent to move to a Hold rating.

$INGR

Asia Markets53d ago

UK Shares Gain Amid PM Starmer's 'Reset' Speech; Compass Advances

London's FTSE 100 closed 0.36% in the green on Monday as Prime Minister Keir Starmer vowed to reinforce ties with Europe as part of efforts to create a "stronger, fairer Britain.""The last government was defined by breaking our relationship with Europe. This Labour government will be defined by rebuilding our relationship with Europe by putting Britain at the heart of Europe so that we are stronger on the economy, stronger on trade, stronger on defence, you name it," Starmer said in his so-called reset speech.Amid calls for him to quit, Starmer's speech in Central London also included a proposal to nationalize British Steel, pending a public interest test and royal assent of the new bill, which will be formally presented to parliament this week."Strong domestic steel production is vital for our economy, and this legislation would allow us to ensure stability for British Steel's workers, suppliers and customers and avoid damaging disruption to crucial supply chains, while we consider options for the [Scunthorpe] site's future," said Business Secretary Peter Kyle.In corporate news, food services company Compass Group (CPG.L) climbed 2.34% after profit attributable to equity shareholders for the six months ended March 31 increased year over year to $1.07 billion from $919 million on revenue growth."A solid H1 performance ~1% ahead of consensus for underlying EBITA and EPS. Net new business wins of +3.8% for H1 a touch below the typical 4-5% range (with Q2 implied rate muddied by Q1 rounding), but promise of H2 acceleration should be taken reassuringly. Guidance for FY underlying EBITA growth ticked up by at least 1 pp which appears to be driven by organic operating leverage," RBC Capital Markets said in its quick take note.International Consolidated Airlines Group (IAG.L) was one of the top stocks, rising 6.42%, amid plans to repurchase its outstanding 825 million euros of 1.125% senior unsecured convertible bonds due 2028.

FTSE 100$CPG.L$IAG.L

Wire53d ago

Brookfield Asset Management in Good Position Heading Into Fundraising Cycle, RBC Says

Brookfield Asset Management (BAM) is well positioned heading into its fundraising cycle, with its private equity and infrastructure flagships, along with 60 fundraising strategies driving an estimated $150 billion in fundraising in 2026, RBC Capital Markets said Monday.Brookfield's $3.5 billion of debt outstanding is below its US alternative asset management peers on key metrics including market cap, assets under management, and debt to fee-related earnings multiple, the brokerage said.RBC sees Brookfield's rising debt as manageable and a good form of capital optimization over the long-term. However, the interest expense compresses distributable earnings growth in the near-term relative to fee-related earnings growth, and RBC estimates that the two metrics will converge in 2027, according to the note.The private credit environment is turning more favorable for lenders, which should generate incremental fee opportunities for Brookfield Asset Management, the brokerage said.RBC kept an outperform rating on Brookfield Asset Management and lowered the price target to $65 from $74.Price: $49.36, Change: $-0.40, Percent Change: -0.80%

$BAM

Research53d ago

Research Alert: CFRA Reiterates Buy Opinion On Shares Of News Corp

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target price by $2 to $31, 26x our FY 27 (Jun.) EPS estimate (unchanged multiple). We raise our FY 26 EPS estimate to $1.03 from $0.99 and FY 27's to $1.19 from $1.13. Following FQ3 (Mar-Q) results, we are reiterating our Buy opinion. We are encouraged by results at Dow Jones, where revenue growth is accelerating in its Risk & Compliance (+19% Y/Y) and Energy (+12% Y/Y) products. The Dow Jones segment also saw Wall Street Journal subscriptions reach 4.7M (+8% Y/Y) despite higher subscription prices, demonstrating pricing power. The company's Digital Real Estate Services grew revenue (+8% Y/Y ex-FX) despite new and existing home sales remaining in a slump. Adjusted EBITDA margins have expanded for eight consecutive quarters post-Foxtel spin-off, fueling improved free cash flow and accelerated buybacks. At 26x our FY 27 estimate vs. a 29x five-year average, shares trade at a discount with potential for re-rating as operational momentum continues.

$NWSA

Asia Markets53d ago

European Stocks Mixed in Monday Trading; Defense, Luxury Goods Stocks Drop, Mining Shares Rise

The European stock markets were mixed in Monday trading as The Stoxx Europe was 0.1% higher, Germany's DAX was up 0.1%, the FTSE 100 was gaining 0.4%, France's CAC was falling 0.7%, and the Swiss Market Index was flat.Defense stocks and Luxury goods stocks were slumping in Monday trading.Renk Group and Rheinmetall were falling 7% and 3% respectively in Frankfurt, while BAE Systems and Thales were down about 1% each in London and Paris respectively.Shares of Louis Vuitton, Kering, and Hermes were dropping more than 3% each in Paris, as was Richemont in Zurich. Burberry was down 3.5% London, while Moncler was dropping nearly 5% in Milan.Mining stocks were climbing higher.And in corporate news, GSK has entered a collaboration with Sino Biopharmaceutical subsidiary Chia Tai Tianqing Pharmaceutical Group, or CTTQ, to accelerate the launch of bepirovirsen in mainland China, the company said Monday.Under the deal, CTTQ will purchase bepirovirsen from GSK for an initial 5.5-year term, which may be extended by mutual agreement, it said.Financial terms of the deal were not disclosed.Shares of GSK were up 0.2% in London.Rio Tinto has signed a 30-year power agreement with Yindjibarndi Energy, which will break ground on the Jinbi solar project in the Pilbara region of Australia after reaching a financial close, Rio Tinto said Monday.Under the terms of the deal, Yindjibarndi will supply the entire electricity generated by Jinbi to Rio Tinto, supporting de-carbonization of the mining giant's iron ore Pilbara operations once the project is operational.Shares of the mining company were rising close to 3% in London.

Wire53d ago

Albemarle's EBITDA to Benefit From Higher Lithium Prices, RBC Says

Albemarle's (ALB) earnings before interest, taxes, depreciation, and amortization, or EBITDA, will likely benefit from strongerLithium prices in the range of low to mid-$20s per kilogram, RBC Capital Markets analysts said in a note emailed Monday.The company posted "strong" Q1 financial results that beat estimates and raised its annual specialties guidance, analysts said.RBC said that ALB continues to ramp its CGP3 projects and make progress on several brownfield opportunities, which should drive mid-single-digit percentage growth in 2027 and beyond.Analysts said the company could provide further details on brownfield investments and capital return in its Q3 financial results.RBC said it remains optimistic for significant EBITDA growth for fiscal 2026 and raised its EBITDA estimate for the company to $650 million from $600 million for Q2.Analysts retained an outperform rating on the stock and increased its price target to $253 from $245.Price: $215.62, Change: $+12.10, Percent Change: +5.95%

$ALB

Oil & Energy53d ago

WTI to Hold $75 to $80/bbl Through 2027 Before Markets Turn Oversupplied, TPH Energy Says

TPH Energy raised its 2027 oil outlook and maintained its long-term West Texas Intermediate forecast at $80 per barrel, the firm said Monday.TPH expects the Strait of Hormuz to reopen by early June, though the conflict will still remove about 1.7 billion barrels from global markets after accounting for temporary demand destruction.The firm said Middle East producers may need extended time to restore output to prewar levels, keeping global working oil inventories below pre-conflict levels until the first half of 2028.Tighter inventories will support WTI prices at $75 to $80 per barrel through 2027 as the market encourages moderate production growth from the US and Argentina.TPH expects the Organization of the Petroleum Exporting Countries to unwind the remaining voluntary production cuts by September 2026, while the UAE reaches record output levels.The firm forecasts oversupplied oil markets in the second half of 2028 and through 2029, which could pull WTI prices lower toward a $65 to $70 per barrel range.Steady demand growth and slowing production outside OPEC and the UAE later this decade could tighten global oil supplies as mature US shale fields lose momentum, supporting TPH's mid-cycle WTI forecast of $80 per barrel.TPH now expects US producers to add about 50 oil-directed rigs between February 2026 and early 2027, driving shale oil growth of about 120,000 barrels per day in 2026 and 280,000 b/d in 2027.

Commodities53d ago

Asia LNG Imports Rise on Firm Demand, Europe Appetite Softens, Vortexa Says

The global liquefied natural gas market is witnessing divergence in demand, as warmer temperatures in Asia boost demand while narrowing price spreads curb Europe's appetite for spot cargoes, Vortexa strategists said on Monday in a weekly LNG update.Vortexa analysts said aggregate Asian arrivals reached 4.8 million metric tons across 75 cargoes, about 10% above the four-week average, supported by hotter weather and pre-summer inventory building.Thailand recorded 500,000 mt, or seven cargoes, the highest in over a year, as heatwaves drove up demand for gas-fired power. India's receipts reached 600,000 mt, or nine cargoes, a 15% increase above the four-week average.Meanwhile, in Northeast Asia, China imported 1 million mt, or 17 cargoes, about 5% above the four-week average. South Korea's inflows were significantly firm at 1 million mt, or 15 cargoes, 25% higher than the moving average. Japan, by contrast, received 800,000 mt, or 13 cargoes, 10% below its four-week average.Vortexa analysts said the tightening Asian market has widened the price premium of Asian spot LNG over European benchmarks by 45% over the week, with the inter-basin differential averaging $2.2 per million British thermal units.However, the spread between Northwest Europe LNG prices and the Dutch TTF benchmark has reduced the commercial incentive for spot cargoes.Vortexa analysts said the margin no longer fully covers regasification and pipeline transport costs into the Netherlands, while a backwardated TTF curve discourages gas injection into storage.European gas storage levels ended last week at 35%, 12 percentage points below the five-year average. Total LNG deliveries to the EU reached 2.2 million mt, or 38 cargoes, 7% below the four-week average.France's imports fell 30% below average to 300,000 mt amid a planned outage at the 8 million mt-per-annum Montoir terminal. Italy, in contrast, recorded its highest LNG arrivals of the year at 500,000 mt, eight cargoes, supported by summer restocking and firm pricing dynamics in the domestic market.Aggregate EU LNG send-out averaged 4,200 gigawatt-hours per day, about 5% below the four-week average, according to Vortexa data.On the supply side, the first Qatari LNG carrier transited the Strait of Hormuz on May 9, since the outbreak of the conflict in February.The 216,000 cubic meter Al Kharaitiyat completed an outbound passage after loading at Qatar's Ras Laffan terminal on May 1, and is bound for Pakistan.Satellite imagery also showed a vessel loading at Das Island in the UAE, following a previously untracked inbound transit through the strait.US LNG exports remained steady despite scheduled maintenance at the Cameron and Corpus Christi terminals. Total US volumes reached 2.5 million mt, or 36 cargoes, in line with the four-week average.

Showing 29681-29700 of 50948

Wire53d ago

Financial News · Live Terminal

AI Chipmaker Cerebras Could Raise Up To $5.52 Billion in Upsized IPO

Natural Gas Faces Oversupply, Oil Balances Geopolitical Risk, EBW Analytics Says

Swiss Stocks Kick Off Week Little Changed; Ams-Osram Shares Gain

CIBC Confirms Neutral Rating on Leon's Furniture and Cuts Target to C$28.00 on Q1 Results

Earnings Flash (TKC) Turkcell Iletisim Hizmetleri Posts Q1 EPS 1.85 Turkish Lira

Nice Remains Leading Cloud Contact Center Player With Limited Competition, Morgan Stanley Says

SocGen's EU Governments Weekly Bond Positioning Report

US Equity Indexes Mixed, Crude Oil Rises as Iran Peace Process Stalls

Algonquin Power & Utilities Shares Range-Bound Until US Redomiciling Move Becomes Clearer, RBC Says

German DAX Closes Flat Amid Stalled US-Iran Peace Talks

AdaptHealth's Labor Headwinds Lead to Fast Onboarding of Capitated Contract, RBC Says

Research Alert: CFRA Cuts Opinion On Shares Of Ingredion Incorporated To Hold From Buy

UK Shares Gain Amid PM Starmer's 'Reset' Speech; Compass Advances

Brookfield Asset Management in Good Position Heading Into Fundraising Cycle, RBC Says

Research Alert: CFRA Reiterates Buy Opinion On Shares Of News Corp

European Stocks Mixed in Monday Trading; Defense, Luxury Goods Stocks Drop, Mining Shares Rise

Top Midday Stories: Moderna Working on Hantavirus Vaccine, Shares Rise; Blackstone, Halliburton to Invest Combined $1 Billion in VoltaGrid

Albemarle's EBITDA to Benefit From Higher Lithium Prices, RBC Says

WTI to Hold $75 to $80/bbl Through 2027 Before Markets Turn Oversupplied, TPH Energy Says

Asia LNG Imports Rise on Firm Demand, Europe Appetite Softens, Vortexa Says

AI Chipmaker Cerebras Could Raise Up To $5.52 Billion in Upsized IPO

Natural Gas Faces Oversupply, Oil Balances Geopolitical Risk, EBW Analytics Says

Swiss Stocks Kick Off Week Little Changed; Ams-Osram Shares Gain

CIBC Confirms Neutral Rating on Leon's Furniture and Cuts Target to C$28.00 on Q1 Results

Earnings Flash (TKC) Turkcell Iletisim Hizmetleri Posts Q1 EPS 1.85 Turkish Lira

Nice Remains Leading Cloud Contact Center Player With Limited Competition, Morgan Stanley Says

SocGen's EU Governments Weekly Bond Positioning Report

US Equity Indexes Mixed, Crude Oil Rises as Iran Peace Process Stalls

Algonquin Power & Utilities Shares Range-Bound Until US Redomiciling Move Becomes Clearer, RBC Says

German DAX Closes Flat Amid Stalled US-Iran Peace Talks

AdaptHealth's Labor Headwinds Lead to Fast Onboarding of Capitated Contract, RBC Says

Research Alert: CFRA Cuts Opinion On Shares Of Ingredion Incorporated To Hold From Buy

UK Shares Gain Amid PM Starmer's 'Reset' Speech; Compass Advances

Brookfield Asset Management in Good Position Heading Into Fundraising Cycle, RBC Says

Research Alert: CFRA Reiterates Buy Opinion On Shares Of News Corp

European Stocks Mixed in Monday Trading; Defense, Luxury Goods Stocks Drop, Mining Shares Rise

Top Midday Stories: Moderna Working on Hantavirus Vaccine, Shares Rise; Blackstone, Halliburton to Invest Combined $1 Billion in VoltaGrid

Albemarle's EBITDA to Benefit From Higher Lithium Prices, RBC Says

WTI to Hold $75 to $80/bbl Through 2027 Before Markets Turn Oversupplied, TPH Energy Says

Asia LNG Imports Rise on Firm Demand, Europe Appetite Softens, Vortexa Says