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US Equity Futures Mixed Pre-Bell as Middle East Peace Talks Remain Stalled, Iran Reportedly Floats New Peace Offer

US equity futures were mixed pre-bell Monday amid reports of Iran's new proposal to reopen the Strait of Hormuz against the backdrop of stalled US-Iran negotiations.Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were flat, and Nasdaq futures were 0.2% higher.Iran has sent the US a new proposal to reopen the Strait of Hormuz and end the conflict, with nuclear talks deferred to a later date, according to an Axios report citing a US official and two other sources.President Donald Trump cancelled the trip of US special envoy Steve Witkoff and Jared Kushner to Pakistan for negotiations with Iran, saying, "If they want to talk, all they have to do is call!" according to a post on Truth Social on Sunday.Earnings kicked off for the week, with Verizon Communications (VZ) posting higher Q1 adjusted earnings and revenue.Among the companies expected to report quarterly earnings this week are Visa (V), Alphabet (GOOG, GOOGL), Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), Apple (AAPL), and Berkshire Hathaway (BRK.A, BRK.B).Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.1% at $100.19 per barrel and US West Texas Intermediate crude 0.7% higher at $95.08 per barrel.The Dallas Federal Reserve's manufacturing reading will be released at 10:30 am ET.The policy-setting Federal Open Market Committee is scheduled to release a statement 2 pm ET on Wednesday.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$BRK.A$BRK.B$GOOG$GOOGL$META$MSFT$V$VZ

Mining & Metals55d ago

ARC Resources Says $32.80 Per Share Purchase Price Represents a 27% Premium to Its April 24 Closing Price on TSX

$ARX.TO

Asia55d ago

Mahindra Holidays & Resorts India Posts Sharp Decline in Fiscal Q4 Consolidated Net Profit

Mahindra Holidays & Resorts India (NSE:MHRIL, BOM:533088) posted a sharp decline in its consolidated attributable net profit to 415.6 million Indian rupees in fiscal fourth quarter, from 730.8 million rupees a year ago.Earnings per share during the quarter ended March 31 dropped to 2.06 rupees from 3.62 rupees, according to a Monday filing to the Indian stock exchanges by the hospitality firm.Revenue from operations in fiscal Q4, however, rose to 8.20 billion rupees from 7.79 billion rupees a year earlier.

BOM:533088NSE:MHRIL

Mining & Metals55d ago

ARC Resources To Be Acquired By Shell In a Cash and Share Transaction Valued at Near $22B, Including Assumed Net Debt

$ARX.TO

Asia55d ago

China Citic Financial's Profit Rises in 2025

China Citic Financial Asset Management (HKG:2799) recorded a rise in attributable profit in 2025 to 11.1 billion yuan from 9.62 billion yuan a year prior, according to the firm's annual report filed with the Hong Kong bourse Monday.This represented a rise of 17% after excluding China Huarong Financial Leasing from the financial statements, which was disposed of by the company in 2024.The financial asset manager's earnings per share climbed to 0.127 yuan in the year from 0.107 yuan in 2024.Total income slipped to 61.7 billion yuan from 106.7 billion yuan in the year-ago period. Total revenue for the year rose 43% to 80.5 billion yuan after excluding one-off influencing factors.

HKG:2799

Oil & Energy55d ago

EMEA Oil Update: Oil Firms Following Diplomatic Talks Collapse

Oil futures firmed Monday after efforts to revive US-Iran peace talks in Pakistan collapsed over the weekend, extinguishing hopes for a swift reopening of the Strait of Hormuz.The Brent futures contract added 0.8% to $106.18 per barrel. Murban futures were steady at $103.57 per barrel.The collapse of talks has left vital energy corridor paralyzed amid a tightening US blockade."Oil is trading stronger this morning after attempts to get US-Iran peace talks back on track broke down, erasing hopes for a resumption of energy flows through the Strait of Hormuz anytime soon," ING analysts said.The diplomatic cooling began when President Donald Trump abruptly cancelled a planned trip to Islamabad for top envoys Steve Witkoff and Jared Kushner, stating there was no point "sitting around talking about nothing."This withdrawal coincided with the arrival of Iranian Foreign Minister Abbas Araghchi in Pakistan, though no direct engagement occurred.The subsequent impact on supply is stark. Bloomberg ship tracking data reportedly revealed that only two chemical tankers and one LPG carrier left the Persian Gulf on Friday.ANZ analysts noted that the US blockade continues to sideline about 1.7 million barrels per day of Iranian exports.Despite the breakdown, some market volatility was tempered by reports from Axios and ING suggesting Iran has submitted a fresh proposal via Pakistani mediators.This offer reportedly proposes reopening the waterway and de-escalating the conflict while delaying nuclear negotiations to a later stage."However, there are newswire reports this morning that Iran has offered the US a new proposal to reopen the Strait of Hormuz, while delaying nuclear negotiations for a later stage," ING noted.

Mining & Metals55d ago

ARC Resources To Be Acquired By Shell

$ARX.TO

Mining & Metals55d ago

Black Diamond Group's Revolving Credit Facility Upsized to C$550 Million from C$425 Million

Black Diamond Group's (BDI.TO) secured, asset-based, revolving credit facility has been upsized to C$550 million from $425 million, the company said Monday.The uncommitted accordion of $75 million, the interest rate pricing grid and other major terms including financial covenants remained unchanged, Black Diamond said."Upsizing our asset-based credit facility provides us with additional liquidity to continue pursuing our accretive growth objectives as we scale the business," Chief Financial Officer Toby LaBrie said.Black Diamond is an industrial services and asset management company that operates in Canada, U.S. and Australia through its modular space solutions and workforce solutions business units.

$BDI.TO

Mining & Metals55d ago

Global Power Solutions Signs Non-Binding LOI to Evaluate Development of Modular Hydrogen-Powered Energy Project

Global Power Solutions (PWER.V) entered into a non-binding Letter of Intent (LOI) with 2782404 AB LTD to evaluate the potential development of a modular hydrogen-powered energy project, it said Monday.The parties, under the terms of the LOI, will undertake a technical, commercial, and regulatory feasibility review to evaluate the potential development of one or more modular facilities with a potential aggregate capacity of up to about 100 megawatts. The proposed project, if advanced following feasibility review and definitive agreements, could be developed in phased stages."This LOI represents an opportunity to evaluate a potential application of modular hydrogen-powered energy systems within a decentralized generation framework," said Global Power Solutions Chief Executive Peter Medved. "The feasibility process will allow both parties to assess technical configuration, commercial structure, and regulatory considerations before determining whether to proceed toward definitive agreements."The company may establish project-level special purpose entities (SPEs) for the development, ownership, financing, and operation of any project facilities. 2782404 is expected to provide site access information, operational requirements, and anticipated power demand profiles to support the feasibility assessment, while Global is expected to lead the technical evaluation and project development planning.The parties also anticipate that the feasibility process will include engineering studies, site suitability assessments, preliminary financial modeling, and evaluation of hydrogen production, storage, and power generation configurations. If the project proceeds beyond feasibility, the parties, it added, may negotiate a long-term power purchase agreement under which electricity generated by the project could potentially be supplied to 2782404 under a defined commercial framework.Shares of the company closed up 10% to $0.32 on Friday on the TSX Venture Exchange.

$PWER.V

Research55d ago

Brookfield Asset Management Price Target Lowered By US$6 at TD

TD Securities lowered its price target on Brookfield Asset Management Ltd. (BAM.TO, BAM) to US$69 from US$75 on Monday.Analyst Cherilyn Radbourne maintained a Buy rating on shares of the Toronto-based global alternative asset manager ahead of its Q1 results on May 8."Amid cautious investor sentiment on the alt managers, BAM offers a highly resilient/diversified FRE-driven earnings profile, anchored in real assets," Radbourne said in a note to clients."BAM has minimal software exposure, and meaningful scale/experience in power, which enables it to offer a truly differentiated AI backbone solution," the analyst said."Upcoming first closes on three flagship funds offer potential catalysts."(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)

$BAM$BAM.TO

Asia Markets55d ago

Emirati Shares Start US Fed Week Upbeat; Dubai Residential REIT Gains

Stocks in the United Arab Emirates kicked off a new trading week in the green as investors shifted their focus to the US Federal Reserve's closely watched interest rate decision due later in the week.At the close of Monday trading, the FTSE ADX General Index added 0.397%, while the DFM General Index gained 0.281%.On the economic calendar this week is the release of the US Fed interest rate decision on Wednesday, with analysts expecting the federal funds rate to remain unchanged within the 3.50% to 3.75% range. Other major central banks in Japan, Canada, and England will also announce their interest rate policies this week."Faced with rising energy prices and higher inflation, and both consumption and employment holding up, the Fed will have to tread carefully to avoid making the mistakes of 2022. There is no way the Fed is in a position to signal the 'all-clear' on inflation, and with equity markets at their highs, the Fed may be inclined to warn of the need for rates to stay unchanged for longer," ING said.On the geopolitical front, US President Donald Trump canceled the visit of his officials to Pakistan scheduled for the weekend, stating that Iran would need to call if they want to continue negotiations. Reuters reported, citing US news outlet Axios, that Iran offered a new proposal to the US to open the Strait of Hormuz and to postpone talks related to the former's nuclear program to a later stage.Back home and on the corporate front, Emirates Driving Co. (ADX:DRIVE) reported a higher attributable profit and a 13% increase in revenue due to high student enrollments. The Abu Dhabi-listed driver training school operator's stocks closed the session 0.67% higher.Dubai Residential REIT (DFM:DUBAIRESI) added 2.61% after its first-quarter revenue jumped 8.4% year-on-year, backed by strong leasing activity and growth in the real estate investment trust's core residential segments.

^DFMGI^FADGIADX:DRIVEDFM:DUBAIRESI

Sectors55d ago

NY Crude Now Up 0.7% at Just Over US$95, Was Near US$96.30; Brent Crude Now Up 1% at US$106.36, Was Near US$107.60

$CLM6$LCOM6$USO

Asia55d ago

SBI Cards and Payment Services' Profit Grows in Fiscal Q4

SBI Cards and Payment Services (NSE:SBICARD, BOM:543066) witnessed an increase in its profit after tax to 6.09 billion Indian rupees in the fiscal fourth quarter ended March 31 against 5.34 billion rupees a year ago.Earnings per share climbed to 6.40 rupees compared with the year-ago figure of 5.61 rupees, according to a Monday filing to Indian stock exchanges.Revenue from operations in fiscal Q4 increased to 49.3 billion rupees from 46.7 billion rupees a year earlier.

BOM:543066NSE:SBICARD

International55d ago

US Dollar Falls Early Monday; Focus This Week on FOMC, Q1 GDP, Personal Income, Spending

The US dollar fell against its major trading partners early Monday, with the focus this week on the Federal Open Market Committee's policy meeting, the first look at Q1 GDP, and March data on personal income, spending, and prices.Monday's schedule is light, with only the Dallas Federal Reserve's manufacturing index for April to be released.Consumer confidence data for April and regional manufacturing and services data are the highlights of Tuesday's busy schedule.The FOMC meeting is the key event on Wednesday, with a 100% chance of no change to the current 3.50% to 3.75% target range, according to the CME's Fed Watch tool. Before the meeting statement, data on durable goods orders, housing starts, and advance trade, all for March, are due to be released.Thursday's highlights include the first look at Q1 GDP, the employment cost index for Q1, personal income, spending, and price data for March, and weekly jobless claims.Manufacturing data for April from S&P Global and ISM is due to be released on Friday.A quick summary of foreign exchange activity heading into Monday:EUR/USD rose to 1.1741 from 1.1720 at the Friday US close and 1.1718 at the same time Friday morning. There are no Eurozone data on Monday's schedule, but European Central Bank policy board member Isabel Schnabel is due to speak at 1:30 pm ET. The next European Central Bank meeting is scheduled for Thursday, when no change in the target rate is expected.GBP/USD rose to 1.3556 from 1.3533 at the Friday US close and 1.3497 at the same time Friday morning. UK retail sector conditions deteriorated further in April, according to CBI data. The next Bank of England meeting is scheduled for Thursday, when no change in the target rate is expected.USD/JPY fell to 159.1431 from 159.3982 at the Friday US close and 159.4161 at the same time Friday morning. The Japanese leading index rose more than expected in February while the coincident index declined, according to data released overnight. The Bank of Japan's policy statement is due to be released after 10:30 pm ET Monday evening. No change in the policy rate is expected.USD/CAD fell to 1.3612 from 1.3667 at the Friday US close and 1.3680 at the same time Friday morning. There are no Canadian data on Monday's schedule. The next Bank of Canada meeting is scheduled for Wednesday, when no change in the target rate is expected.

$EUR/USD$GBP/USD$USD/CAD$USD/JPY

Research55d ago

Aclara Resources Upgraded to Outperform at RBC

Aclara Resources Inc. (ARA.TO) was upgraded to Outperform from Sector Perform at RBC Capital Markets.Analyst Andrew D. Wong raised his price target on shares of the rare earth mining company to $6 from $3."We believe Aclara has a strong strategic position as Western-aligned countries are determined to reduce reliance on Chinese rare earth supply, especially for heavy rare earths (HREE)," Wong said in a note to clients."We see continued progress at Aclara's flagship Carina project which was recently validated by the Serra Verde acquisition (similar size, same locale, later stage, compared to Carina) that included a US government-backed offtake including price floors," the analyst said."Aclara also has further optionality with projects in separation, metals processing, and the Chile project that may be permitted by mid-year."

$ARA.TO

International55d ago

Central Bank, Middle East Outlooks Nudge European Bourses Higher Midday

European bourses tracked moderately higher midday Monday as traders weighed a Tehran plan to re-open the Strait of Hormuz and looked ahead to Bank of England and European Central Bank rate decisions, slated for Thursday.Bank and oil stocks led gains on continental trading floors, while food shares lagged.European blue-chips including banks Deutsche Bank, Santander, and BNP Paribas, and automakers Volkswagen, Stellantis, and Mercedes-Benz, are slated to report earnings later this week.Investors also eyed flat Wall Street futures amid higher closes overnight on Asian exchanges.The pan-continental Stoxx Europe 600 Index was up 0.4% mid-session.The Stoxx Europe 600 Technology Index was steady, and the Stoxx 600 Banks Index gained 1%.The Stoxx Europe 600 Oil and Gas Index advanced 0.8%, while the Stoxx 600 Europe Food and Beverage Index declined 0.4%.The REITE, a European REIT index, gained 0.4%.On the national market indexes, Germany's DAX was up 0.8%, and the FTSE 100 in London gained 0.3%. The CAC 40 in Paris was up 0.6%, and Spain's IBEX 35 advanced 0.8%.Yields on benchmark 10-year German bonds were steady, near 3.01%.Front-month North Sea Brent crude-oil futures were up 0.7% at $99.77 a barrel.The Euro Stoxx 50 volatility index was down 1.8% at 23.17, indicating above-average volatility for European stock markets in the next 30 days, a negative signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

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Asia55d ago

Bajaj Housing Finance's Net Profit Rises in Fiscal Q4

Bajaj Housing Finance's (NSE:BAJAJHFL, BOM:544252) net profit jumped to 6.69 billion Indian rupees in the fiscal fourth quarter from 5.87 billion rupees a year earlier, according to an Indian bourse filing on Monday.Earnings per share in the quarter ended March 31 climbed to 0.80 rupees from 0.70 rupees a year ago.Total revenue from operations in fiscal Q4 rose year on year to 29 billion rupees from 25 billion rupees, the filing said.

BOM:544252NSE:BAJAJHFL

Mining & Metals55d ago

S&P Futures Now Up Less Than 0.1% and Nasdaq 100 Futures Up 0.2%

S&P/TSX CompositeS&P/TSX Composite

Asia55d ago

Biocytogen Pharmaceuticals Turns to Profit in Q1

Biocytogen Pharmaceuticals (Beijing) (HKG:2315) recorded an attributable profit of 104 million yuan in the first quarter of 2026, compared with an attributable loss of 13.2 million yuan a year prior, according to a Monday Hong Kong bourse filing.Earnings per share stood at 0.23 yuan, compared with a loss per share of 0.03 yuan in the corresponding period of the previous fiscal year.Operating revenue jumped 74% in the three months to 433.1 million yuan from 249.3 million yuan in the year-ago period, driven by a substantially higher revenue contribution from pharmacology and efficacy services and animal models.The pharmaceutical company attributed the higher profit mainly to revenue growth and improved operating efficiency amid expense management.

HKG:2315

Oil & Energy55d ago

Market Chatter: LNG Carrier Orders Surge as Global Output Defies Iran War Tensions

Global demand for liquefied natural gas carriers is rebounding sharply in 2026, despite the ongoing US-Iran conflict, Reuters reported Monday, citing analysts and industry experts.Analysts report that surging LNG production and a transition toward high-efficiency vessels are fueling the recovery.According to the report, Shipbuilders in South Korea and China have already secured 35 new build contracts in Q1 alone.The resurgence in construction comes despite the escalating US-Iran war, which has choked the Strait of Hormuz and raised fears of a prolonged shipping downturn.However, market experts suggest that the need for modern, fuel-efficient tonnage is outweighing immediate freight rate concerns, it said.These new vessels, which cost between $250 million and $260 million and take over three years to complete, are increasingly necessary as older, steam-propelled tankers are scrapped at record rates to meet stricter global emissions regulations.(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.)

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International55d ago

US Dollar Falls Early Monday; Focus This Week on FOMC, Q1 GDP, Personal Income, Spending

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