On Monday, UBS raised its rating on shares of China International Marine Containers (SHE:000039), shifting from Neutral to Buy. The firm also increased the price target to RMB11.00, up from the previous RMB7.20. The upgrade comes with a positive outlook on the company\'s financial performance, anticipating a net profit increase of 2% for 2024 and...
By Alexander Hübner and Emma-Victoria Farr MUNICH (Reuters) - Munich is starting to steal some of German financial hub Frankfurt\'s limelight as foreign banks flock to the southern city, which on a clear day has views of the Bavarian Alps. The appeal lies in Munich\'s high proportion of DAX companies and tech start-ups, large insurers...
-- China’s domestic share markets rose on Monday as trade resumed after the Lunar New Year holiday, amid signals that consumer spending had picked up and in some cases surpassed pre-COVID levels during the week-long break. The blue-chip Shanghai Shenzhen CSI 300 index rose 0.5% to a 1-½ month high, while the Shanghai Composite index...
Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week. Pro subscribers always get first dibs on market-moving AI analyst comments. Upgrade today! Loop Capital starts Nvidia coverage with a Street-high target price Loop Capital started research coverage of NVIDIA Corporation (NASDAQ:NVDA) stock with a Buy rating and a...
BERLIN (Reuters) -Ground staff at German airline Lufthansa (LHAG.DE) will go on strike on Tuesday, the Verdi union said on Sunday, announcing the latest industrial action to hit Germany\'s transport sector as workers demand more pay. The strike is scheduled to start at 4 a.m. (0300 GMT) on Tuesday and finish at 7.10 a.m. (0610...
UK-based digital asset liquidity provider B2C2 has secured a virtual asset service provider(VASP)registration expanding its operations to Luxembourg ahead of new rules being implemented in Europe. The Markets in Crypto Assets Regulation(MiCA),due to take effect this year,is the European Union’s comprehensive crypto law.The legislation promises legal certainty,compliance challenges and global implications.MiCA’s primary goal will be...
Stocks offer investors the greatest potential for growth(capital appreciation)over the long haul.Investors willing to stick with stocks over long periods of time,say 15 years,generally have been rewarded with strong,positive returns. But stock prices move down as well as up.There’s no guarantee that the company whose stock you hold will grow and do well,so you can...
US core PCE data 2.9% vs 3% expected, PCE Price Index in line with estimate at 2.6%Immediate market reaction contained ahead of blockbuster week ahead (FOMC, NFP, mega-cap earnings)US core PCE showed good progress towards the Fed reaching its desired level of inflation after printing its lowest since figure since Q1 2021. The Fed’s 2%...
In 2023, the cryptocurrency market began to recover from its downturn, with the prices of major coins like Bitcoin and Ethereum rebounding, albeit not yet reaching historical highs. Overall market sentiment turned optimistic, with global economic stabilization fueling investor anticipation for the next bull market, attracting more attention and capital. Compliance became a key trend...
On January 19, 2023, MLPRU Exchange officially announced the establishment of a dedicated blockchain research team, aimed at supporting global Web3 developers and advancing the widespread application of blockchain technology across various industries. This move not only reflects the forward-thinking approach of MLPRU Exchange as an industry leader but also underscores the commitment of the platform to driving the development of the...