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Brief: Statistics Canada Says Preliminary Retail Sales Add 0.6% M/M in March

Feds Approve Enbridge's British Columbia Natural Gas Pipeline Expansion

The Federal government has approved Enbridge's (ENB.TO) $4 billion natural gas expansion of its Westcoast pipeline system in British Columbia, the company said on Friday.The Sunrise expansion program will add 300 million cubic feet per day of natural gas transportation capacity to the southern portion of the Westcoast pipeline system. Natural gas transported on the Westcoast system is used to heat homes, hospitals, businesses, and schools, and also supports electric power generation, industrial activity across B.C. and global LNG exports.The project will contribute more than $3 billion to Canada's economy, and will see 2,500 workers being hired during construction. More than $52 million has been spent on the hiring and procuring of services from Indigenous businesses, a statement added.Construction is scheduled to begin in July, with a targeted in-service date in late 2028."Leading up to and throughout construction, Enbridge will continue to work with Indigenous groups, local communities, contractors and other stakeholders. As part of our commitment to supporting local businesses, Enbridge is procuring pipe for the Sunrise Expansion Program from InterPro Pipe + Steel, a Canadian steel mill and pipe provider, who will use Canadian workers and expertise to produce the pipe." said Matthew Akman, Enbridge's executive vice president and president, gas transmission.Enbridge shares were last seen up US$0.09, to US$52.60, in New York trading.

$ENB.TO

Treasury56d ago

Advance Results For March Indicate Wholesale Sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) Rose 1.3%, says StatsCan

$CXY

Treasury56d ago

Brief: Canada's Retail Sales Rise 0.7% M/M in February; MUFG Says Consensus Saw 0.9% M/M Gain

$CXY

Commodities56d ago

Market Chatter: Brazil to Test B20 Biodiesel Blend Amid Global Oil Crisis

Researchers at Brazil's Maua Institute of Technology are set to begin critical testing in May to investigate the viability of increasing the nation's biodiesel mandate to 20% according to a Reuters report on Thursday.As a major producer of biofuels from soy and sugarcane, Brazil currently mandates a 15% biodiesel blend, but soaring fossil fuel prices and the need to reduce reliance on imported energy have accelerated the push for higher concentrations.The initial phase of the study will involve installing a test engine next month to evaluate the long-term effects of B15 and B20 blends over a 300-hour period, as per the report.The report noted that researchers will specifically monitor for filter clogging, injection system behavior, and injector nozzle wear.A second phase is also planned to analyze pollutant emissions for blends ranging from B7 to B25, it added.The move is a direct response to the global energy disruptions caused by the US-Israeli conflict with Iran.(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.)

Asia56d ago

Market Chatter: Hyundai Motor Aims to Double China's Share of Global Vehicle Sales to 9% by 2030

Hyundai Motor (KRX:005380) plans to double China's share of its global vehicle sales to 9% by 2030 from its current 4%, Bloomberg News cited company CEO José Muñoz at an interview at the Beijing auto show on Friday.The automaker targets annual sales of about 500,000 vehicles in China by the end of 2030, and will launch 20 new models to help with the same, the report said.In addition, to better compete with local rivals, the automaker will partner on self-driving technology with Chinese firms such as ByteDance and Momenta, while jointly working on new models under an 8 billion yuan joint venture with BAIC Group, it said.Hyundai Motor will also collaborate with Contemporary Amperex Technology to boost vehicle performance, the report said.Shares of the automaker fell nearly 4% at market close.(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.)

KRX:005380

Treasury56d ago

Scotiabank Awaits Friday's Retail Sales Data in Canada

Canada will release retail sales data for February and preliminary figures for March at 8:30 a.m. ET on Friday, notes Scotiabank.Canadian retail sales are expected to come in strong in nominal terms for February based on prior guidance, but key will be volumes and other details, says the bank.Statistics Canada had guided back on March 20 that February's sales were tracking a gain of 0.9% month-over-month seasonally adjusted in value terms. Stripping out prices to get volumes will be one key, the bank adds.Preliminary March guidance might not be so kind as new vehicle sales fell, but gasoline prices spiked higher, says Scotiabank.So far, the bank is tracking a strong gain in real retail sales during Q1 that points to a strong gain in total spending on goods as a part of overall consumer spending in gross domestic product accounts.

$CXY

Research56d ago

Deutsche Bank Initiates Coverage on Ascentage Pharma Group Internat With Buy Rating, $40 Price Target

Ascentage Pharma Group Internat (AAPG) has an average rating of Buy and mean price target of $47, according to analysts polled by FactSet.(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)

$AAPG

Research56d ago

Deutsche Bank Downgrades Comcast to Hold From Buy, Trims Price Target to $34 From $35

Comcast (CMCSA) has an average rating of Hold and mean price target of $34.53, according to analysts polled by FactSet.(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)

$CMCSA

International56d ago

Danske Bank Expects European Central Bank to Hold Deposit Rate in April Meeting; Summer Hikes to Follow

Danske Bank Research expects the European Central Bank to retain the deposit rate at 2% at its April monetary policy meeting but leave the door open for potential rate increases in the summer "to keep inflation expectations anchored.""Recent communication from the ECB's GC members has indicated that they are in no rush to increase policy rates ... The ECB is likely broadly satisfied with the current market pricing of 65bp worth of hikes this year. Although we do see room for market pricing falling slightly as most recent communication from the ECB's GC members has increasingly mentioned deteriorating growth prospects from higher energy prices," analysts said in a Friday preview note. "For this reason and given the extraordinary uncertainty about the economic outlook we do not expect any pre-commitments to summer hikes."In June and July, the research firm anticipates that the ECB would raise its key policy rates by 25 basis points, taking the deposit rate up to 2.5%.The ECB will publish its latest interest rate decision on April 30.

^SXXP

Commodities56d ago

Italy's Eni Reports 9% Higher Q1 Hydrocarbons Output YOY

Italian integrated energy company Eni said its hydrocarbons production grew by 9% year on year in Q1 to 1.8 million barrels of oil equivalent per day with higher output from assets in Africa and Norway, it said in its earnings report on Friday.It said it had made a strong start to the year in exploration with about 1 billion barrels of oil equivalent discovered between assets in Angola, Cote d'Ivoire, Libya, Egypt and Indonesia, the latter it described as an "outstanding finding".The company took final investment decisions at two major gas hubs in the Indonesian Kutei basin, reinforcing visibility in its production outlook, it said.A previously-announced demerger of Plenitude will unlock value for Eni and enable Plenitude to pursue growth, ENI said. It will retain a 65% stake and Ares will enter with joint control.The company said it expected to have fully established a joint venture in Indonesia and Malaysia with Petronas in Q2 to create value from Eni's mineral potential in the Kutei basin.Looking ahead in 2026, the company said it expects oil and gas production growth in the 3-4% range and for Plenitude to reach installed renewables capacity of 6.5 gigawatts.It forecasts a refining margin of $8 per barrel based on a revised Brent price scenario of $83 per barrel and a TTF gas price of 50 euros ($58.54) per megawatt hour.

Research56d ago

Research Alert: Hca: Share Repurchases Help Q1 Eps Meet Estimates Despite Volume Pressures

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:HCA Healthcare delivered Q1 2026 EPS of $7.15, in line with consensus and up 10.9% Y/Y, while revenue of $19.109B grew 4.3% and beat the $19.07B consensus estimate. Same-facility admissions rose 1.3%, though surgical volumes declined with inpatient and outpatient surgeries down 0.3% and 1.7%, respectively, reflecting softness in elective procedures and seasonal headwinds. Strong share repurchase activity of $1.571B during the quarter supported EPS growth despite volume pressures. Management reaffirmed 2026 guidance ranges, indicating confidence in navigating policy headwinds. Adjusted EBITDA margin compressed 50 bps to 19.9% due to challenging volumes and inflationary cost pressures, though operating cash flow surged 22% to $2.014B. We view the continued strong cash generation and $9.179B remaining share repurchase authorization as supportive of capital returns despite headwinds from ACA enhanced premium tax credit expirations and OBBBA Medicaid funding cuts.

$HCA

Research56d ago

Research Alert: CFRA Maintains Buy Opinion On Shares Of Intel Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our target price to $100 from $75, on a P/E of 33.3x our 2028 EPS, above peers/historical to reflect our view of upside to margins/estimates. After the better than expected Q1/Q2 guide, we lift our 2026 EPS to $1.05 from $0.70, 2027 to $1.40 from $1.30, and 2028 to $3.00 from $2.64. We expect INTC's revenue trajectory to benefit from greater content share in AI servers, where the CPU-to-accelerator ratio is moving from 1:8 back toward 1:4 or potentially parity, driven by inference, agentic AI, and physical AI workloads that are more CPU-intensive. This positions the Xeon franchise for strong, sustainable demand, with a product pipeline that is ramping the fastest in five years. Within the client segment, AI PCs are now over 60% of the client CPU mix. We are also encouraged by Intel Foundry momentum amid leading-edge wafer capacity shortages, with the Elon Musk Terafab partnership and multi-year long-term agreements with Google providing major endorsements. Intel 18A process yields are tracking well.

$INTC

Research56d ago

Research Alert: CFRA Keeps Hold Rating On Shares Of Bread Financial Holdings, Inc.

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 to $96 from $79, 7.8x our 2027 EPS view vs. BFH's three-year historical forward P/E average of 6.2x and the peer average of 7.1x. We increase our 2026 EPS estimate to $11.30 from $9.70 and 2027's to $12.30 from $11.62, reflecting the company's significant Q1 earnings beat and the substantial impact of an accelerated share repurchase program. A key win from Q1 was the company's return to loan growth, reversing prior-period declines with a 2% Y/Y increase in end-of-period loans. This inflection was underpinned by robust consumer activity, with credit sales accelerating to 7% growth. Furthermore, credit metrics continued their gradual improvement, with the delinquency rate falling to 5.6% and the net loss rate decreasing to 7.3%. Management prudently maintained its 2026 outlook for low single-digit growth in both average loans and revenue, with net loss rate guidance of 7.2%-7.4%, a move we believe wisely accounts for ongoing macroeconomic uncertainty and geopolitical tensions.

$BFH

International56d ago

BofA: Bank of England to Retain Key Rate in April Meeting; Potential June, July Hikes Ahead

BofA Global Research expects the Bank of England to maintain its key rate at 3.75% at its April 30 monetary policy meeting, with a 7-2 vote in favor of a hold and risks of an 8-1 vote."It is likely to note that upside risks from greater persistence to medium-term inflation have risen, while risks from weaker growth remain. We don't expect the BoE to make strong judgements about whether it is likely to hike or be on extended hold, given uncertainty," analysts said in a Thursday preview note. "But we do expect it to keep the door open to modest hikes if energy prices stay elevated, and say aggressive tightening is unlikely, given labour market/growth concerns. We expect it to rule out near-term cuts."Looking ahead, the research firm forecasts the UK central bank to raise its benchmark rate twice in 2026 in June and July, with risks of just one rate increase, noting that "it's a close call."Three quarterly rate cuts to 3.5% are then expected to follow, beginning from the second quarter of 2027, with risks of 3.25%.

FTSE 100

Mining & Metals56d ago

Battery Mineral Resources Provides Update on Ontario Portfolio

Battery Mineral Resources' (BMR.V) portfolio of four exploration projects in northeastern Ontario warrant additional exploration of "numerous" priority targets, the company said on Friday.The four projects -- McAra, Gowganda, Shining Tree and Wilder, are situated west of the historic silver-cobalt mining town of Cobalt and north of the city of Sudbury and is known as the Cobalt Embayment.All four projects require additional drilling to better define resources. Furthermore, additional follow-up of other silver-cobalt targets is needed at Shining Tree and, due to its proximity to the Juby gold deposit to the west, re-assessment and targeting for gold will be a priority, Battery said. At Wilder, the company is targeting contact-style silver-cobalt mineralization in the central portion of the property.According to a statement, the Cobalt Embayment hosts over 70 silver-cobalt deposits that have collectively produced 525 million ounces of silver and 50 million pounds of cobalt from high grade veins in the Cobalt, Gowganda and Elk Lake mining camps."The company's investment to date in acquiring and exploring has identified a new cobalt resource and numerous high priority targets. Given the current focus on precious and critical minerals, further exploration of the Ontario assets represents an opportunity to generate additional value. We have received various expressions of interest on these properties from several third parties, and BMR will continue to review alternatives to maximize value to our shareholders," said chief executive Laz Nikeas.Battery Mineral Resources shares closed down $0.005, to $0.175 on Thursday on the TSX Venture Exchange.

$BMR.V

Research56d ago

Research Alert: CFRA Maintains Hold Rating On Shares Of Molina Healthcare Inc.

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 price target to $190 from $165, a 13.1x multiple of our 2026 EV/EBITDA estimates, compared to MOH's five-year historical forward average of 9.2x. On a forward P/E basis, our target reflects a 38.3x multiple, well-above the 16.1x five-year historical average. We attribute some of MOH's valuation premium, across various metrics, to distortion from a depressed earnings profile, which should correct toward normalized levels in the coming years as profitability recovers, in our view. Despite a surprising Q1 EPS beat, MOH reaffirmed its full-year 2026 guidance of approximately $42B in premium revenue and at least $5.00 in adjusted EPS. We think near-term visibility is low given impending headwinds from Medicaid funding cuts under the OBBBA legislation. We anticipate a more comprehensive look at forward guidance during the scheduled Investor Day on May 8, 2026, as well as the Q2 earnings call in July. We cut our 2026 EPS to $4.96 (from $5.03) and raised our 2027 EPS to $8.54 (from $7.71).

$MOH

Asia56d ago

Correction: Haitian International's Profit Jumps 7.2% in 2025

(Corrects the time period from Q1 to 2025 in the lede and headline)Haitian International (HKG:1882) recorded a 7.2% rise in attributable profit in 2025 to 3.3 billion yuan from 3.08 billion yuan a year prior, according to the firm's annual report filed with the Hong Kong bourse Friday.Earnings per share jumped to 2.07 yuan from 1.93 yuan in the corresponding period of the previous fiscal year.The plastic injection molding machines manufacturer's revenue climbed 10% to 17.7 billion yuan from 16.1 billion yuan in the year-ago period.The company declared a second interim dividend of HK$0.80 per share for the year.

HKG:1882

Asia56d ago

Correction: Liaoning Port's Profit Jumps in 2025

(Corrects the earnings period in the first paragraph and headline to fiscal full year 2025)Liaoning Port (SHA:601880, HKG:2880) recorded a rise in attributable profit for the fiscal full year 2025 to 1.31 billion yuan from 1.14 billion yuan in the prior year, according to the firm's annual report filed with the Hong Kong bourse Friday.Earnings per share remained unchanged year over year at 0.05 yuan.The port operator's revenue climbed to 11.4 billion yuan from 11.1 billion yuan in the year-ago period.The firm recommended a cash dividend of 0.286 yuan per 10 shares in 2025.

HKG:2880SHA:601880

Japan56d ago

Israel-Lebanon Ceasefire Extension Nudges US Equity Futures Higher Pre-Bell

US equity futures were higher pre-bell Friday as Israel and Lebanon extended their ceasefire by three weeks in a meeting at the White House.Dow Jones Industrial Average futures were 0.1% higher, S&P 500 futures were up 0.5%, and Nasdaq futures were 1.4% lower.Fighting between Israel and Iran-backed militant group Hezbollah in Lebanon has been a key discussion point in negotiations to end the conflict in the Middle East. The Strait of Hormuz remains effectively closed to vessels, while the US maintains its blockade on Iranian ports.Trump said he was not in a hurry to reach a peace agreement with Iran, saying he wanted to make it "everlasting." He had extended the US-Iran ceasefire, calling the Iranian government "fractured," but Iran's Supreme Leader Ayatollah Mojtaba Khamenei on Thursday denied Trump's claim of disunity in the country's leadership.Traders tracked the latest round of earnings, with Procter & Gamble (PG) reporting higher fiscal Q3 financial results and HCA Healthcare (HCA) posting an increase in Q1 adjusted earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.5% at $104.57 per barrel and US West Texas Intermediate crude 1.2% lower at $94.66 per barrel.The final University of Michigan consumer sentiment report for April, scheduled at 10 am ET, is expected to show consumer sentiment index coming in at 48.5, compared with the preliminary reading of 47.6, according to estimates compiled by Bloomberg.

Dow JonesNasdaq CompositeS&P 500$HCA$PG

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