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Asian Equities Traded in the US as American Depositary Receipts Begin Week Lower

Asian equities traded in the US as American depositary receipts were lower Monday morning, declining 0.67% to 2,735.86 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by travel company Tuniu (TOUR), which climbed 6.4%. It was followed by online game developer The9 (NCTY) and semiconductor company ASE Technology (ASX), which advanced 5.3% and 5% respectively.The decliners from North Asia were led by brand platform 36Kr (KRKR) and lender CNFinance (CNF), which fell 6.4% and 4.5% respectively. They were followed by video display maker LG Display (LPL) and computer hardware maker Canaan (CAN), which were down 3.6% and 2.6% respectively.From South Asia, the gainers were led by lender ICICI Bank (IBN), which rose 1.1%, followed by IT firms Infosys (INFY) and Wipro (WIT), which were up 0.3% and 0.2% respectively.The decliners from South Asia were led by IT company Sify Technologies (SIFY) and lender HDFC Bank (HDB), which dropped 2.6% and 1.6% respectively. They were followed by tech conglomerate Sea (SE) and pharmaceutical firm Dr. Reddy's Laboratories (RDY), which lost 1.4% and 0.7% respectively.

$ASX$CAN$CNF$HDB$IBN$INFY$KRKR$LPL$NCTY$RDY$SE$SIFY$TOUR$WIT

Wire66d ago

Jefferies Cuts Price Target on Builders FirstSource to $85 From $110, Maintains Hold Rating

Builders FirstSource (BLDR) has an average rating of overweight and mean price target of $122.18, 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)Price: $83.69, Change: $-1.61, Percent Change: -1.89%

$BLDR

Wire66d ago

Goldman Sachs Adjusts Price Target on Danaher to $230 From $265, Maintains Buy Rating

Danaher (DHR) has an average rating of buy and mean price target of $256.90, 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)Price: $191.14, Change: $+1.53, Percent Change: +0.81%

$DHR

Wire66d ago

Heartflow Files Lawsuit Against Cleerly Over Alleged Patent Infringement

Heartflow (HTFL) said Monday it has lodged a patent infringement complaint against Cleerly in a Texas district court regarding the unapproved application of its coronary artery disease technology.Heartflow alleges that Cleerly's Ischemia, Plaque Analysis, and Compare products infringe six of its patents, according to a statement.Cleerly did not immediately respond to' request for a comment.Price: $26.31, Change: $-0.64, Percent Change: -2.37%

$HTFL

Wire66d ago

TD Cowen Adjusts Price Target on Danaher to $245 From $270, Maintains Buy Rating

$DHR

Wire66d ago

Wedbush Adjusts Price Target on Spyre Therapeutics to $80 From $65, Maintains Outperform Rating

Spyre Therapeutics, Inc (SYRE) has an average rating of buy and mean price target of $66.50, 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)Price: $63.57, Change: $+12.28, Percent Change: +23.94%

$SYRE

Wire66d ago

Cloudflare Announces New Features for Agent Cloud

Cloudflare (NET) said Monday it is expanding its Agent Cloud with new features to help developers build, deploy, and scale agents.The new tools allow artificial intelligence agents to move from experimental demos to production-grade workloads operating across Cloudflare's global network, the company said.Cloudflare said it was introducing Dynamic Workers, an isolate-based runtime developed to run AI-generated code in a secure, sandboxed environment, Artifacts, a Git-compatible storage primitive built for agents, and the general availability of sandboxes for when an agent needs a full operating system, according to the company.Shares of Cloudflare rose 8% in Monday trading.Price: $178.83, Change: $+11.84, Percent Change: +7.09%

$NET

Wire66d ago

Genmab Says Rinatabart Sesutecan Combination Tolerable in Patients With Advanced Ovarian Cancer

Genmab (GMAB) said Monday that data from a phase 1/2 Rainfol-01 trial demonstrated that rinatabart sesutecan in combination with bevacizumab was tolerable and showed no new safety signals in patients with advanced ovarian cancer.The most common treatment-emergent adverse events, or TAEs, under the 40-patient trial included nausea, fatigue, anemia, and neutropenia. Serious TAEs occurred in six patients, while TAEs leading to rinatabart sesutecan dose reductions occurred in 11 patients and bevacizumab discontinuation occurred in two patients, the company said.

$GMAB

Oil & Energy66d ago

US Oil Update: Crude Rises Over $100 as Trump Orders Naval Blockade of Iranian Ports

Global energy markets jumped above $100 per barrel on Monday as the US Navy began blockading Iranian ports following failed negotiations in Pakistan.The Brent futures contract gained about 7% to $101.92 per barrel. The front-month West Texas Intermediate crude contract surged 7.4% at $103.68 per barrel."Oil markets rallied sharply on Monday after US-Iran talks collapsed over the weekend," ING analysts said.Traders are bracing for long-term disruptions in the world's most vital energy artery as geopolitical tensions reach a breaking point.The blockade, coming on the heels of failed peace talks, has intensified concerns that a vital global energy artery could remain choked for the foreseeable future."In response, the US military plans to implement a blockade of all maritime traffic entering and exiting Iranian ports from 10:00am Monday Washington time, while allowing vessels not calling at Iranian ports to continue transiting Hormuz," ING said.After 21 hours of marathon talks between Vice President JD Vance and Iranian officials, the sides failed to reach a deal regarding Iran's nuclear program and regional conflicts.President Trump acknowledged the domestic impact on Sunday, noting that gasoline and oil prices are likely to remain elevated through the November midterm elections.Iranian officials have warned that they maintain full control of the waterway, raising the specter of direct naval confrontations.

Wire66d ago

GoPro Collaborates With Marsh's Oliver Wyman to Explore Defense, Aerospace Opportunities

GoPro (GPRO) said Monday that it is collaborating with Marsh's (MRSH) Oliver Wyman business to explore opportunities in the defense and aerospace sectors.The project will focus on evaluating addressable segments, product and technology synergies, and go-to-market strategies, GoPro said. Both companies will also work closely with defense, government, and aerospace stakeholders to ensure any services meet regulatory standards, GoPro added.Financial details of the collaboration were not provided.Shares of GoPro and Marsh rose 12% and 1.4%, respectively, in the session.Price: $0.86, Change: $+0.09, Percent Change: +12.02%

$GPRO$MRSH

Wire66d ago

Citigroup Adjusts International Flavors & Fragrances Price Target to $90 From $100, Maintains Buy Rating

International Flavors & Fragrances (IFF) has an average rating of overweight and mean price target of $90.69, 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)Price: $70.97, Change: $-1.55, Percent Change: -2.14%

$IFF

Wire66d ago

Gordon Haskett Adjusts Price Target on Airbnb to $136 From $135, Maintains Hold Rating

Airbnb (ABNB) has an average rating of overweight and mean price target of $146.97, 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)Price: $129.62, Change: $+0.66, Percent Change: +0.51%

$ABNB

Treasury66d ago

SocGen's EU Governments Weekly Bond Positioning Report

The weekly analysis of flows into eurozone government bonds shows that for the week ended last Friday, investors were net buyers of Germany's Bunds, Italy's BTPs, and Spain's SPGBs, and net sellers of France's OATs, said Societe Generale.-- Bunds saw net buying over the week, continuing the trend of the previous seven weeks and driven by both domestic and non-domestic investors. Domestic investors were net buyers, extending an 11-week buying streak, with activity concentrated in the 2-5y and 20y+ sectors, where asset managers and banks were the most active participants. Non-domestic investors were also net buyers for the eighth consecutive week, primarily in the 5-10y sector, led by banks and hedge funds.-- OATs experienced net selling, reversing the trend observed over the previous seven weeks and driven primarily by non-domestic investors. Domestic investors were net buyers for the 12th consecutive week, with activity concentrated in the 10-20y and 20y+ segments, led mainly by asset managers and insurers. Meanwhile, non-domestic investors turned net sellers after seven consecutive weeks of net buying, driven by banks and insurers, with activity focused mainly in the 10-20y and 20y+ maturities.-- BTPs saw net buying, reversing the selling trend from the previous week and driven by both domestic and non-domestic investors. Domestic investors were net buyers, extending the five-week buying trend, with activity concentrated mainly in the 5-10y segment and led by banks. Non-domestic investors also turned net buyers, reversing last week's selling trend, driven primarily by insurers and hedge funds in the 20y+ segment.-- SPGBs saw net buying, reversing the selling trend of the previous four weeks and driven by both domestic and non-domestic investors. Domestic investors were net buyers, extending the five-week buying trend, with activity concentrated in the 10-20y and 20y+ sectors and driven primarily by banks and insurers. Non-domestic investors also turned net buyers for the week, after being net sellers in the previous week, with activity focused mainly in the 20y+ and 10-20y categories and driven largely by insurers and banks.

$CXY

Oil & Energy66d ago

US Natural Gas Update: Futures Rise 2% Amid Fresh Escalation in the Middle East Conflict

US natural gas futures rose over 2% on Monday after peace talks between the US and Iran failed, prompting US President Donald Trump to announce a naval blockade against Tehran.The front-month Henry Hub natural gas contract, along with the continuous contract, traded up 2.04% to $2.70 per million British thermal units.In a Truth Social post on Sunday, Trump said that the US Navy would begin the blockade against Iran by preventing vessels from entering or leaving Iranian ports.On Sunday, the US Central Command, in a post on X, said it will begin the blockade on Monday at 10 AM ET, noting that it will not impede freedom of navigation for other vessels transiting through the Strait "to and from non-Iranian ports."All of these developments have created new uncertainties for global energy markets, including US natural gas and LNG exports.On the domestic front, total natural gas production was flat last week, averaging 107.3 billion cubic feet per day, while imports from Canada declined 6.0 Bcf per day to 5.0 Bcf per day, according to NRG Energy.Natural gas demand declined sharply, from 90 Bcf per day to 75 Bcf per day over the past week, owing to warmer temperatures across the country.Weather forecasts continued to remain bearish, with most parts of the country expected to experience above-normal temperatures from April 20 to April 26, according to the National Weather Service, which further weighs on domestic natural gas demand.

Wire66d ago

Citigroup Adjusts Ecolab Price Target to $330 From $345, Maintains Buy Rating

Ecolab (ECL) has an average rating of overweight and mean price target of $320.25, 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)Price: $270.88, Change: $-2.42, Percent Change: -0.88%

$ECL

Wire66d ago

Citigroup Adjusts Las Vegas Sands Price Target to $78.50 From $76.75, Maintains Buy Rating

Las Vegas Sands (LVS) has an average rating of overweight and mean price target of $70.09, 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)Price: $54.03, Change: $+0.58, Percent Change: +1.09%

$LVS

Wire66d ago

Jefferies Trims Price Target on Masco to $73 From $74, Maintains Hold Rating

Masco (MAS) has an average rating of overweight and mean price target of $78.17, 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)Price: $62.49, Change: $-0.48, Percent Change: -0.76%

$MAS

Wire66d ago

Jefferies Adjusts Price Target on Domino's Pizza to $400 From $450, Maintains Hold Rating

Domino's Pizza (DPZ) has an average rating of overweight and mean price target of $475.97, 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)Price: $362.55, Change: $-3.40, Percent Change: -0.93%

$DPZ

Oil & Energy66d ago

EMEA Oil Update: Crude Surges on Trump's Hormuz Blockade Order

Oil prices surged 7% on Monday as global markets reacted to President Trump's order for a naval blockade on Iranian cargoes in the Strait of Hormuz, sparking fears of a long-term supply crunch.The Brent futures contract gained about 7.4% to $102.22 per barrel. The front-month Murban crude contract surged 6% at $104.04 per barrel."This morning, the Brent June contract is up 7.4% again to $102.2/b as the negotiations this weekend yielded no results, while the US has also announced a blockade of the Strait of Hormuz. Now clarified to affect only Iranian cargoes," SEB analysts noted.The primary driver for the price surge is the total collapse of high-level negotiations in Islamabad, Pakistan.After 21 hours of marathon talks between Vice President JD Vance and Iranian officials, the sides failed to reach a deal regarding Iran's nuclear program and regional conflicts.In response, President Donald Trump announced a significant escalation via social media.The US Navy has been instructed to interdict any ships attempting to enter or leave the Strait of Hormuz that are carrying Iranian cargoes.US forces will begin destroying naval mines allegedly laid by Iran in the shipping lanes.It also includes seeking out vessels in international waters that have paid transit "tolls" to Iran, which the US has labeled illegal.President Trump acknowledged the domestic impact on Sunday, noting that gasoline and oil prices are likely to remain elevated through the November midterm elections.Iranian officials have warned that they maintain full control of the waterway, raising the specter of direct naval confrontations.

Mining & Metals66d ago

Bullion Gold Resources Appoints Simon Britt As President And Chief Executive Officer

Bullion Gold Resources (BGD.V) Monday announced the appointment of Simon Britt as president and chief executive officer, effective immediately.The company said that Britt succeeds Guy Morissette, who has chosen to step down from the day-to-day management and administration of the company as part of a planned transition with the board of directors.The company also said that Morissette will "remain active" within Bullion as a strategic advisor and member of the Technical Committee.The company further said that Britt is a "seasoned executive" with over 25 years of experience in finance, capital markets, and project development in the natural resources and energy sectors.It added that, prior to joining Bullion, Britt held senior management positions with public and private mining companies and served as a strategic advisor to Indigenous organizations and companies in the mining and energy sectors."I thank Guy for his dedication and expertise in contributing to and developing Bullion's various mining projects," said Gilles Laverdiere, Chairman of the Board. "Simon's arrival marks a significant milestone for the Company. His strong financing expertise, strategic discipline, and ability to create value in complex environments will be major assets in accelerating the development of our projects."The company's shares were last seen unchanged at $0.10 on the TSX Venture Exchange.

$BGD.V

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Treasury66d ago

SocGen's EU Governments Weekly Bond Positioning Report

$CXY