dow-jones
Computershare Target Price Raised 5.6% to A$38.00/Share by Macquarie>CPU.AU
Computershare Target Price Raised 5.6% to A$38.00/Share by Macquarie>CPU.AU
moneycontrol
Samsung’s soaring profit fails to lift shares after AI rally
Samsung Electronics Co.’s quarterly profit surged 19-fold, just surpassing elevated expectations due to relentless demand for memory chips needed in AI data centers.Earnings by the world’s largest memory maker are in the spotlight as investors seek to justify sky-high investments and valuations aro…
dow-jones
Stockland Target Price Cut 13% to A$4.32/Share by UBS>SGP.AU
Stockland Target Price Cut 13% to A$4.32/Share by UBS>SGP.AU
NEWS reuters
Philippine annual inflation slows to 6.4% in June
Philippine annual inflation PHCPI=ECI was 6.4% in June, slowing from the previous month's 6.8% rate, driven mainly by a slower annual increase in transport costs, the statistics agency said on Tuesday.
stocktwits
RIVN Stock Slumps Overnight: Rivian Director, Foundation File Stock Sale Notices Amid $1.5B Offering Plan
Shares of Rivian, Inc. (RIVN) slumped 9% overnight late Monday after the EV maker unveiled a 75 million-share offering, with separate stock-sale notices from a director and the Rivian Foundation adding to pressure from the dilutive raise.RIVN stock wiped out most of an 8% rally in the regular sessi…
Trade Spotlight: How should you trade Maruti Suzuki, Hindalco, Jubilant Foodworks, Gravita India, Karur Vysya Bank, and others on July 7?
The benchmark indices rallied nearly 0.7 percent on July 7, taking their cumulative gains over the past four consecutive sessions to 2.36 percent. However, market breadth remained negative, with around 1,645 stocks declining compared with 1,371 advancing stocks on the NSE. The market may attempt to…
dow-jones
WiseTech Chair Steps Down, Citing Short-Seller Concerns — Update
By Stuart CondieSYDNEY--WiseTech Global Chairman Richard White has stepped down from his post, citing concerns that media reports regarding his personal life had the potential to encourage short-selling activity.The logistics-software provider said Tuesday that it has appointed Raelene Murphy as in…
Copper Prices Slips Amid Cautious Sentiment — Market Talk
Copper prices are lower in early Asia trade as investors remain cautious over the outlook for U.S. trade policy and the Fed, says Dongwu Futures analysts in a note. The global copper concentrate market remains tight, with spot treatment and refining charges falling further into negative territory…
dow-jones
CelcomDigi Looks on Track to Capture Greater Opex Savings — Market Talk
CelcomDigi is expected to deliver stronger operating expense savings after the completion of its IT platform upgrade in 1Q next year, RHB IB analyst Jeffrey Tan says in a note. He expects earnings to grow 18.4% in 2027 after a 2.20% decline this year, supported by lower operating costs and greater…
dow-jones
CelcomDigi Target Price Cut to MYR3.50 From MYR3.60 by RHB IB >6947.KU
CelcomDigi Target Price Cut to MYR3.50 From MYR3.60 by RHB IB >6947.KU
NEWS dow-jones
Yen Weakness, Rising JGB Yields Could Spur Global Volatility — Market Talk
Japan remains a potential source of global market volatility as yen weakness persists alongside rising long-end JGB yields, OCBC strategists say. Perceptions that the BOJ is behind the curve is fueling depreciation pressure on the yen, and OCBC reckons investors may see future rate hikes as driven…
trading-economics
Australia Equities Extend Losses
Australian shares slipped for a second session Tuesday, with the ASX 200 easing 40 points, or 0.4%, to 8,791 in Tuesday morning deals.Losses were broad-based across non-energy minerals, electronic tech, energy, and consumer names, as investors remained cautious ahead of key June CPI and PPI prints…
dow-jones
Japan's Wage Growth Slowdown Unlikely to Deter Rate Hikes by BOJ — Market Talk
The slowdown in Japan's wage growth in May is unlikely to deter the Bank of Japan from raising rates further, says Abhijit Surya at Capital Economics in a commentary. Preliminary estimates released earlier showed Japan's labor cash earnings growth slowed to 3.2% in May from 3.6% in April, the senio…
dow-jones
Lynas Deal With JS Link Good For Investor Sentiment — Market Talk
Lynas's partnership agreement with South Korean magnet producer JS Link is "an incremental positive and a supportive sentiment driver," says Morgan Stanley. The arrangement helps lock in outside-China demand for future neodymium-praseodymium volumes, MS says. That is important for Lynas's ramp-up t…
dow-jones
Bitcoin Rises Amid Growing Rate Cut Hopes From Soft U.S. Jobs Report — Market Talk
2103 ET - Bitcoin rises in early Asian trade, gaining 0.6% to $64,167.13. The cryptocurrency's recent gains are driven by the softer-than-expected U.S. jobs print for June, which immediately eases rate hike pressure, Sygnum Bank chief investment officer Fabian Dori says. Still, while growing rate c…
trading-economics
Gold Steadies as FOMC Minutes Eyed
Gold steadied around $4,150 an ounce on Tuesday after a volatile start to the week, as investors awaited the minutes of the Federal Reserve’s June meeting for fresh clues on the outlook for interest rates.Data released last week showed US job growth slowed sharply in June, while payroll figures for…
Equatorial and Iberdrola in talks to buy Enel assets in Brazil, Valor reports
Brazilian power firm Equatorial BMFBOVESPA:EQTL3 and Spain's Iberdrola BME:IBE are in talks with Enel MIL:ENEL to buy assets of the Italian firm in Brazil, Brazilian newspaper Valor Economico reported on Monday, citing sources.
NEWS reuters
Iran fires missiles at commercial ships in Strait of Hormuz, Axios reports
Iran's Revolutionary Guards fired at least two missiles at commercial ships transiting through the Strait of Hormuz, leaving two vessels with significant damage but there were no casualties, Axios reported on Monday, citing a U.S. official.
NEWS reuters
JGB yields hold near multi-decade highs ahead of 30-year auction
By Rocky SwiftJapanese government bond (JGB) yields held near multi-decade highs on Tuesday as fiscal and inflation concerns loomed before a sale of super-long-term debt.Here are a few details:($1 = 162.1500 yen)
smallcaps
Mont Royal Resources: Why Ashram could matter in the race for Western rare earth supply
Mont Royal Resources ASX:MRZ is best understood as a pre-revenue critical minerals developer whose value is overwhelmingly tied to Ashram in Québec rather than to near-term cash flow. The core bull case is that Ashram is large enough and strategically relevant enough to matter as Western supply cha…