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GLDD

Great Lakes Dredge

$8.38 /

-0.03 (-0.36%)

08:39
05/05/20
05/05
08:39
05/05/20
08:39

Great Lakes Dredge says Q1 domestic bid market was lower than prior year

The company said, "During this unprecedented crisis that now faces our country, the dredging industry continues to operate and work on critical and essential infrastructure projects. These projects include continued port deepening projects, as well as coastal protection and restoration projects. Dredging has been specifically listed in the U.S. Department of Homeland Security's "Advisory Memorandum on Identification of Essential Critical Infrastructure Workers During COVID-19 Response", dated March 28, 2020. The U.S. Army Corps of Engineers oversees the majority of these infrastructure projects and in this capacity has continued to tender bids and prioritize all types of dredging including port maintenance and expansion and coastal protection projects that are necessary to avoid potential storm damage during the upcoming hurricane season. GLDD is committed to maintaining the health and safety of our team members and an Incident and Injury Free safety management program across the Company and this value-based approach enabled us to respond quickly and effectively to the COVID-19 pandemic. As such, our Oak Brook office staff have effectively transitioned to a remote working environment to follow the recommended physical and social distancing guidelines. Further as it relates to our job sites and vessel crews, we have reviewed and strengthened our safety procedures and adhere to CDC guidelines while also remaining focused on the successful execution and completion of projects that are critical to maintaining and deepening the Nation's maritime infrastructure and protecting our coastlines from the upcoming hurricane season. As expected, during the first quarter of 2020, the domestic bid market was lower than the prior year with only $216 million in total project bids of which Great Lakes won $72 million during the quarter, comprised of capital dredging, coastal protection and maintenance projects. Despite the low first quarter bid market, we have seen support for the dredging industry in the CARES Act which includes a provision that lifts caps on the Harbor Maintenance Trust Fund, thereby allowing full access to future annual revenues to be used for their intended purpose of dredging our nation's ports and harbors. Projects coming into the market pipeline include additional phases of Charleston, Jacksonville and Corpus Christi deepenings, as well new deepenings for ports in Mobile, Alabama and the Everglades in Florida."

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Hot Stocks
Village Farms' Pure Sunfarms to being roll out of vape products this summer » 16:59
05/25/20
05/25
16:59
05/25/20
16:59
VFF

Village Farms

$5.19 /

+0.94 (+22.12%)

Village Farms announced…

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VFF Village Farms
$5.19 /

+0.94 (+22.12%)

VFF Village Farms
$5.19 /

+0.94 (+22.12%)

05/19/20 Stifel
Village Farms price target lowered to C$15 from C$20 at Stifel
04/02/20 Craig-Hallum
Village Farms price target lowered to $10 from $15 at Craig-Hallum
04/02/20 Roth Capital
Village Farms price target lowered to $10 from $16 at Roth Capital
02/11/20 Craig-Hallum
Village Farms price target lowered to $15 from $20 at Craig-Hallum
VFF Village Farms
$5.19 /

+0.94 (+22.12%)

Hot Stocks
Vermilion Energy announces CEO departure, appoints new President » 16:49
05/25/20
05/25
16:49
05/25/20
16:49
VET

Vermilion Energy

$5.10 /

-0.145 (-2.76%)

Vermilion Energy…

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VET Vermilion Energy
$5.10 /

-0.145 (-2.76%)

VET Vermilion Energy
$5.10 /

-0.145 (-2.76%)

05/21/20 CIBC
Vermilion Energy price target raised to C$7 from C$6 at CIBC
04/30/20 CIBC
Vermilion Energy upgraded to Neutral from Underperformer at CIBC
04/23/20 National Bank
Vermilion Energy upgraded to Sector Perform from Underperform at National Bank
03/25/20 Credit Suisse
Vermilion Energy price target lowered to C$5 from C$23 at Credit Suisse
VET Vermilion Energy
$5.10 /

-0.145 (-2.76%)

VET Vermilion Energy
$5.10 /

-0.145 (-2.76%)

Hot Stocks
Teva presents data evaluating AJOVY experience in difficult-to-treat migraine » 16:38
05/25/20
05/25
16:38
05/25/20
16:38
TEVA

Teva

$11.97 /

-0.05 (-0.42%)

Teva Pharmaceutical…

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TEVA Teva
$11.97 /

-0.05 (-0.42%)

TEVA Teva
$11.97 /

-0.05 (-0.42%)

05/11/20 UBS
Teva price target raised to ILS 15 from ILS 12 at UBS
04/24/20
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Teva initiated with a Neutral at Citi
04/06/20 UBS
Teva upgraded to Buy from Neutral at UBS
TEVA Teva
$11.97 /

-0.05 (-0.42%)

TEVA Teva
$11.97 /

-0.05 (-0.42%)

TEVA Teva
$11.97 /

-0.05 (-0.42%)

TEVA Teva
$11.97 /

-0.05 (-0.42%)

Hot Stocks
Churchill Downs, Aristocrat announce agreement in principle to settle lawsuits » 16:33
05/25/20
05/25
16:33
05/25/20
16:33
CHDN

Churchill Downs

$122.35 /

+4.15 (+3.51%)

, ARLUF

Aristocrat Leisure

$0.00 /

+ (+0.00%)

Churchill Downs (CHDN)…

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CHDN Churchill Downs
$122.35 /

+4.15 (+3.51%)

CHDN Churchill Downs
$122.35 /

+4.15 (+3.51%)

04/06/20 Jefferies
Eldorado has 'considerable upside' from Caesars merger, says Jefferies
03/02/20 JPMorgan
Golden Entertainment downgraded to Neutral on downside risk at JPMorgan
03/02/20 JPMorgan
JPMorgan upgrades Churchill Downs on overblown COVID-19 concerns
03/02/20 JPMorgan
Churchill Downs upgraded to Overweight from Neutral at JPMorgan
ARLUF Aristocrat Leisure
$0.00 /

+ (+0.00%)

03/29/20 Goldman Sachs
Aristocrat Leisure upgraded to Buy from Neutral at Goldman Sachs
03/02/20 Credit Suisse
Aristocrat Leisure upgraded to Outperform from Neutral at Credit Suisse
10/28/19 Credit Suisse
Aristocrat Leisure downgraded to Neutral from Outperform at Credit Suisse
CHDN Churchill Downs
$122.35 /

+4.15 (+3.51%)

CHDN Churchill Downs
$122.35 /

+4.15 (+3.51%)

Hot Stocks
Regeneron to repurchase $5B of shares directly from Sanofi » 13:49
05/25/20
05/25
13:49
05/25/20
13:49
REGN

Regeneron

$569.94 /

+8.55 (+1.52%)

, SNY

Sanofi

$47.31 /

-0.18 (-0.38%)

Regeneron Pharmaceuticals…

Regeneron Pharmaceuticals (REGN) announced that subject to and immediately following the close of its secondary offering, Regeneron agreed to repurchase approximately $5B of common stock directly from Sanofi (SNY). The purchase price to be paid by Regeneron will be equal to the net offering price per share after deducting any underwriters' discount and commission. Regeneron will fund the purchase with a combination of $3.5B of cash on hand and $1.5 billion of fully-committed bridge financing from Goldman Sachs Bank USA.

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SNY Sanofi
$47.31 /

-0.18 (-0.38%)

REGN Regeneron
$569.94 /

+8.55 (+1.52%)

REGN Regeneron
$569.94 /

+8.55 (+1.52%)

05/19/20 Roth Capital
Rapt CCR4 antagonist may be competitive against Dupixent, says Roth Capital
05/15/20 Piper Sandler
Ocular Therapeutix early OTX-TKI data encouraging, says Piper Sandler
05/14/20 Piper Sandler
Piper 'incrementally positive' on Regeneron shares after fireside chat
05/06/20 Canaccord
Regeneron price target raised to $630 from $575 at Canaccord
SNY Sanofi
$47.31 /

-0.18 (-0.38%)

05/12/20 Oppenheimer
Novavax price target raised to $38.50 from $19 at Oppenheimer
05/06/20 Oppenheimer
Regeneron price target raised to $625 from $525 at Oppenheimer
04/30/20 Roth Capital
aTyr Pharma '1923 another 'shot on goal' in COVID-19 fight, says Roth Capital
04/28/20 Barclays
Sanofi price target raised to EUR 85 from EUR 80 at Barclays
SNY Sanofi
$47.31 /

-0.18 (-0.38%)

REGN Regeneron
$569.94 /

+8.55 (+1.52%)

SNY Sanofi
$47.31 /

-0.18 (-0.38%)

REGN Regeneron
$569.94 /

+8.55 (+1.52%)

SNY Sanofi
$47.31 /

-0.18 (-0.38%)

REGN Regeneron
$569.94 /

+8.55 (+1.52%)

SNY Sanofi
$47.31 /

-0.18 (-0.38%)

REGN Regeneron
$569.94 /

+8.55 (+1.52%)

Syndicate
Regeneron announces secondary offering for Sanofi sale of 12.8M shares » 13:48
05/25/20
05/25
13:48
05/25/20
13:48
REGN

Regeneron

$569.94 /

+8.55 (+1.52%)

, SNY

Sanofi

$47.31 /

-0.18 (-0.38%)

Regeneron Pharmaceuticals…

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SNY Sanofi
$47.31 /

-0.18 (-0.38%)

REGN Regeneron
$569.94 /

+8.55 (+1.52%)

REGN Regeneron
$569.94 /

+8.55 (+1.52%)

05/19/20 Roth Capital
Rapt CCR4 antagonist may be competitive against Dupixent, says Roth Capital
05/15/20 Piper Sandler
Ocular Therapeutix early OTX-TKI data encouraging, says Piper Sandler
05/14/20 Piper Sandler
Piper 'incrementally positive' on Regeneron shares after fireside chat
05/06/20 Canaccord
Regeneron price target raised to $630 from $575 at Canaccord
SNY Sanofi
$47.31 /

-0.18 (-0.38%)

05/12/20 Oppenheimer
Novavax price target raised to $38.50 from $19 at Oppenheimer
05/06/20 Oppenheimer
Regeneron price target raised to $625 from $525 at Oppenheimer
04/30/20 Roth Capital
aTyr Pharma '1923 another 'shot on goal' in COVID-19 fight, says Roth Capital
04/28/20 Barclays
Sanofi price target raised to EUR 85 from EUR 80 at Barclays
SNY Sanofi
$47.31 /

-0.18 (-0.38%)

REGN Regeneron
$569.94 /

+8.55 (+1.52%)

SNY Sanofi
$47.31 /

-0.18 (-0.38%)

REGN Regeneron
$569.94 /

+8.55 (+1.52%)

SNY Sanofi
$47.31 /

-0.18 (-0.38%)

REGN Regeneron
$569.94 /

+8.55 (+1.52%)

SNY Sanofi
$47.31 /

-0.18 (-0.38%)

REGN Regeneron
$569.94 /

+8.55 (+1.52%)

Hot Stocks
Sanofi to sell investment in Regeneron, says will not impact collaboration » 13:45
05/25/20
05/25
13:45
05/25/20
13:45
REGN

Regeneron

$569.94 /

+8.55 (+1.52%)

, SNY

Sanofi

$47.31 /

-0.18 (-0.38%)

Sanofi (SNY) announced…

Sanofi (SNY) announced its intent to sell its equity investment in Regeneron Pharmaceuticals (REGN) through a registered public offering and related share repurchase by Regeneron. The registered offering and share repurchase will have no impact on the ongoing collaboration between Sanofi and Regeneron, the company said in a statement. A preliminary prospectus supplement relating to the offering of Regeneron's shares will be filed with the SEC. Sanofi currently holds approximately 23.2M shares of Regeneron's common stock, representing approximately 20.6% ownership. Regeneron has agreed to repurchase $5B of its stock from Sanofi conditional on completion of the proposed public offering. If the offering and repurchase are completed and the underwriters fully exercise their option to purchase additional shares, Sanofi will continue to own approximately 400,000 shares of Regeneron's common stock, which Sanofi is retaining in support of the ongoing collaboration with Regeneron. "Sanofi and Regeneron's collaboration has been one of the most productive in the industry, creating significant value for both companies but more importantly, resulting in five important medicines for patients. Sanofi remains committed to continuing our collaboration with Regeneron which remains an integral part of our overall strategy, and this decision was fully aligned with Regeneron, said Paul Hudson, Chief Executive Officer, Sanofi. "The decision to divest our holdings is consistent with our efforts to enhance value creation for our shareholders. We believe the proceeds from this transaction will help further our ability to execute on our strategy to drive innovation and growth."

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SNY Sanofi
$47.31 /

-0.18 (-0.38%)

REGN Regeneron
$569.94 /

+8.55 (+1.52%)

REGN Regeneron
$569.94 /

+8.55 (+1.52%)

05/19/20 Roth Capital
Rapt CCR4 antagonist may be competitive against Dupixent, says Roth Capital
05/15/20 Piper Sandler
Ocular Therapeutix early OTX-TKI data encouraging, says Piper Sandler
05/14/20 Piper Sandler
Piper 'incrementally positive' on Regeneron shares after fireside chat
05/06/20 Canaccord
Regeneron price target raised to $630 from $575 at Canaccord
SNY Sanofi
$47.31 /

-0.18 (-0.38%)

05/12/20 Oppenheimer
Novavax price target raised to $38.50 from $19 at Oppenheimer
05/06/20 Oppenheimer
Regeneron price target raised to $625 from $525 at Oppenheimer
04/30/20 Roth Capital
aTyr Pharma '1923 another 'shot on goal' in COVID-19 fight, says Roth Capital
04/28/20 Barclays
Sanofi price target raised to EUR 85 from EUR 80 at Barclays
SNY Sanofi
$47.31 /

-0.18 (-0.38%)

REGN Regeneron
$569.94 /

+8.55 (+1.52%)

SNY Sanofi
$47.31 /

-0.18 (-0.38%)

REGN Regeneron
$569.94 /

+8.55 (+1.52%)

SNY Sanofi
$47.31 /

-0.18 (-0.38%)

REGN Regeneron
$569.94 /

+8.55 (+1.52%)

SNY Sanofi
$47.31 /

-0.18 (-0.38%)

REGN Regeneron
$569.94 /

+8.55 (+1.52%)

General news
U.S. Week Ahead » 11:35
05/25/20
05/25
11:35
05/25/20
11:35

U.S. Week Ahead: Growth,…

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General news
Oil Action: July WTI futures are up 0.5% » 09:55
05/25/20
05/25
09:55
05/25/20
09:55

Oil Action: July WTI…

Oil Action: July WTI futures are up 0.5% at $33.43, which is just over 30 cents below the intraday high. The market is consolidating recent gains after prices peaked last week at a near-11-week high at $34.66, which was the culmination of four consecutive up weeks. Market conditions are thin in the absence of London markets today, and with U.S. markets closed. An FT on a report detailed a sharp drop in U.S. oil output, with further declines expected later in 2020, with many oil mining operations there having been rendered unviable at prevailing prices. This chimes with last Friday's weekly Baker-Hughes rig count, which revealed another 21 oil rigs were shuttered in the U.S., to bring the the tally to 237 after what is now the 10th straight week of closures. Recent dips in oil inventories have also illustrated shifting fundamentals, with reopening economies around the world stimulating more demand, just as supply continues to ebb.

Recommendations
AMC Networks price target lowered to $28 from $35 at Goldman Sachs » 08:34
05/25/20
05/25
08:34
05/25/20
08:34
AMCX

AMC Networks

$29.11 /

-1.63 (-5.30%)

Goldman Sachs analyst…

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AMCX AMC Networks
$29.11 /

-1.63 (-5.30%)

AMCX AMC Networks
$29.11 /

-1.63 (-5.30%)

05/19/20 Imperial Capital
Hard to believe strategic buyer interested in AMC Networks, says Imperial
04/27/20 RBC Capital
AMC Networks initiated with an Outperform at RBC Capital
04/24/20 Imperial Capital
AMC Networks price target lowered to $25 from $33 at Imperial Capital
02/27/20 Wells Fargo
AMC Networks price target lowered to $35 from $46 at Wells Fargo
AMCX AMC Networks
$29.11 /

-1.63 (-5.30%)

AMCX AMC Networks
$29.11 /

-1.63 (-5.30%)

Upgrade
KDDI upgraded to Neutral from Sell at Citi » 08:31
05/25/20
05/25
08:31
05/25/20
08:31
KDDIY

KDDI

$0.00 /

+ (+0.00%)

Citi upgraded KDDI to…

Citi upgraded KDDI to Neutral from Sell with a 3,100 yen price target.

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KDDIY KDDI
$0.00 /

+ (+0.00%)

KDDIY KDDI
$0.00 /

+ (+0.00%)

03/17/20 Deutsche Bank
KDDI upgraded to Buy from Hold at Deutsche Bank
12/19/19 JPMorgan
KDDI upgraded to Overweight from Neutral at JPMorgan
06/18/19 JPMorgan
KDDI upgraded to Neutral from Underweight at JPMorgan
KDDIY KDDI
$0.00 /

+ (+0.00%)

Downgrade
Pinduoduo downgraded to Hold from Buy at Jefferies » 08:31
05/25/20
05/25
08:31
05/25/20
08:31
PDD

Pinduoduo

$68.72 /

+8.68 (+14.46%)

Jefferies analyst Thomas…

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PDD Pinduoduo
$68.72 /

+8.68 (+14.46%)

PDD Pinduoduo
$68.72 /

+8.68 (+14.46%)

05/24/20 Goldman Sachs
Pinduoduo downgraded to Neutral from Buy at Goldman Sachs
05/22/20 CLSA
Pinduoduo price target raised to $72 from $46.50 at CLSA
05/20/20 BofA
Pinduoduo downgraded to Neutral from Buy at BofA
04/29/20 KeyBanc
Pinduoduo price target raised to $65 from $50 at KeyBanc
PDD Pinduoduo
$68.72 /

+8.68 (+14.46%)

PDD Pinduoduo
$68.72 /

+8.68 (+14.46%)

PDD Pinduoduo
$68.72 /

+8.68 (+14.46%)

PDD Pinduoduo
$68.72 /

+8.68 (+14.46%)

Upgrade
Telekom Malaysia upgraded to Outperform from Underperform at Credit Suisse » 08:28
05/25/20
05/25
08:28
05/25/20
08:28
MYTEF

Telekom Malaysia

$0.00 /

+ (+0.00%)

Credit Suisse analyst…

Credit Suisse analyst Danny Chen double upgraded Telekom Malaysia to Outperform from Underperform with a MYR 5.50 price target.

Upgrade
Insurance Australia upgraded to Outperform from Neutral at Credit Suisse » 08:25
05/25/20
05/25
08:25
05/25/20
08:25
IAUGY

Insurance Australia

$0.00 /

+ (+0.00%)

Credit Suisse analyst…

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Canadian Utilities upgraded to Buy from Hold at Industrial Alliance » 08:24
05/25/20
05/25
08:24
05/25/20
08:24
CDUAF

Canadian Utilities

$0.00 /

+ (+0.00%)

Industrial Alliance…

Industrial Alliance analyst Elias Foscolos upgraded Canadian Utilities to Buy from Hold with a C$36 price target.

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CDUAF Canadian Utilities
$0.00 /

+ (+0.00%)

CDUAF Canadian Utilities
$0.00 /

+ (+0.00%)

05/04/20 BMO Capital
Canadian Utilities price target lowered to C$35 from C$36 at BMO Capital
04/23/20 Credit Suisse
Canadian Utilities downgraded to Neutral from Outperform at Credit Suisse
03/31/20 TD Securities
Canadian Utilities upgraded to Buy from Hold at TD Securities
11/01/19 TD Securities
Canadian Utilities downgraded to Hold from Buy at TD Securities
Upgrade
TC Energy upgraded to Buy from Hold at Industrial Alliance » 08:23
05/25/20
05/25
08:23
05/25/20
08:23
TRP

TC Energy

$42.13 /

+0.61 (+1.47%)

Industrial Alliance…

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TRP TC Energy
$42.13 /

+0.61 (+1.47%)

TRP TC Energy
$42.13 /

+0.61 (+1.47%)

05/13/20
Fly Intel: Top five analyst downgrades
05/12/20 BMO Capital
TC Energy downgraded to Market Perform from Outperform at BMO Capital
05/12/20
Fly Intel: Top five analyst initiations
05/12/20 Jefferies
TC Energy initiated with a Hold at Jefferies
TRP TC Energy
$42.13 /

+0.61 (+1.47%)

TRP TC Energy
$42.13 /

+0.61 (+1.47%)

Downgrade
Parkland downgraded to Hold from Buy at Industrial Alliance » 08:23
05/25/20
05/25
08:23
05/25/20
08:23
PKIUF

Parkland

$0.00 /

+ (+0.00%)

Industrial Alliance…

Industrial Alliance analyst Elias Foscolos downgraded Parkland to Hold from Buy with a C$40 price target.

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PKIUF Parkland
$0.00 /

+ (+0.00%)

PKIUF Parkland
$0.00 /

+ (+0.00%)

05/08/20 Scotiabank
Parkland Fuel price target lowered to C$40 from C$42 at Scotiabank
05/07/20 RBC Capital
Parkland Fuel price target raised to C$38 from C$35 at RBC Capital
03/24/20 RBC Capital
Parkland Fuel price target lowered to C$35 from C$46 at RBC Capital
03/09/20 BMO Capital
Parkland Fuel attractive after stock decline, says BMO Capital
Upgrade
FirstService upgraded to Buy from Hold at TD Securities » 08:20
05/25/20
05/25
08:20
05/25/20
08:20
FSV

FirstService

$87.40 /

-0.61 (-0.69%)

TD Securities analyst…

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FSV FirstService
$87.40 /

-0.61 (-0.69%)

FSV FirstService
$87.40 /

-0.61 (-0.69%)

04/27/20 RBC Capital
FirstService price target lowered to $95 from $112 at RBC Capital
04/24/20
Fly Intel: Top five analyst upgrades
04/24/20 William Blair
FirstService upgraded to Outperform from Market Perform at William Blair
04/23/20 William Blair
FirstService upgraded to Outperform from Market Perform at William Blair
FSV FirstService
$87.40 /

-0.61 (-0.69%)

Initiation
Tabcorp initiated with a Sell at Citi » 08:18
05/25/20
05/25
08:18
05/25/20
08:18
TACBY

Tabcorp

$0.00 /

+ (+0.00%)

Citi initiated coverage…

Citi initiated coverage of Tabcorp with a Sell rating and A$2.80 price target.

General news
European stock markets rallied, » 06:55
05/25/20
05/25
06:55
05/25/20
06:55

European stock markets…

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General news
FX Update: The dollar has remained buoyant » 06:55
05/25/20
05/25
06:55
05/25/20
06:55

FX Update: The dollar has…

FX Update: The dollar has remained buoyant amid narrow ranges in early-week trading so far. Conditions will be thin today with both UK and U.S. markets out for public holidays. Tensions between the U.S. and China continued to build over the weekend. Amid the developments, the U.S. will be adding anther 33 Chinese companies and institutions to an economic blacklist on the accusation that they are helping China spy. The White House national security adviser, meanwhile, said economic sanctions would likely be imposed on Hong Kong and China if Beijing moved ahead with its proposed national security law for Hong Kong. Beijing, for its part, said it will not back down from the "technology war mongering" while warning of "ample countermeasures." The narrow trade-weighted USD index edged out a one-week high at 99.93, while EUR-USD ebbed to a one-week low at 1.0875. USD-JPY matched Friday's high at 107.78, though didn't breach it. AUD-USD settled in the lower 0.6500s, above the 0.6506 low that was seen on Friday. USD-CAD consolidated gains seen in the latter part of last week, which on Friday left a one-week high at 1.4050. The pair settled near the 1.4000 mark. Oil prices are moderately firmer today, though remain off the 11-week highs seen last week. In stock markets, the Nikkei 225 rallied 1.7% and posted its highest daily close since March 6th, while the Hang Seng and China's main indices traded in the red, though pared losses during the PM session. On the coronavirus front, focus remains on reopening economies and a rebound in economic activity. Brazil remains a rapidly emerging hotspot, and now has the second highest level of confirmed cases, behind the U.S.

Conference/Events
Carlisle management to meet virtually with Oppenheimer » 04:55
05/25/20
05/25
04:55
05/25/20
04:55
CSL

Carlisle

$115.50 /

-1.01 (-0.87%)

Virtual Meeting to be…

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CSL Carlisle
$115.50 /

-1.01 (-0.87%)

CSL Carlisle
$115.50 /

-1.01 (-0.87%)

04/17/20 Jefferies
Carlisle initiated with a Buy at Jefferies
01/21/20 Oppenheimer
Carlisle price target raised to $177 from $170 at Oppenheimer
01/14/20 Berenberg
Carlisle initiated with a Buy at Berenberg
01/07/20 Loop Capital
Carlisle initiated with a Hold at Loop Capital
CSL Carlisle
$115.50 /

-1.01 (-0.87%)

General news
FX Action: USD-CAD has consolidated gains » 04:00
05/25/20
05/25
04:00
05/25/20
04:00

FX Action: USD-CAD has…

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General news
FX Action: The dollar has remained buoyant amid narrow ranges » 03:25
05/25/20
05/25
03:25
05/25/20
03:25

FX Action: The dollar has…

FX Action: The dollar has remained buoyant amid narrow ranges in early-week trading so far. Conditions will be thin today with both UK and U.S. markets out for public holidays. Tensions between the U.S. and China continued to build over the weekend. Amid the developments, the U.S. will be adding anther 33 Chinese companies and institutions to an economic blacklist on the accusation that they are helping China spy. The White House national security adviser, meanwhile, said economic sanctions would likely be imposed on Hong Kong and China if Beijing moved ahead with its proposed national security law for Hong Kong. Beijing, for its part, said it will not back down from the "technology war mongering" while warning of "ample countermeasures." The narrow trade-weighted USD index edged out a one-week high at 99.93, while EUR-USD ebbed to a one-week low at 1.0875. USD-JPY matched Friday's high at 107.78, though didn't breach it. AUD-USD settled in the lower 0.6500s, above the 0.6506 low that was seen on Friday. USD-CAD consolidated gains seen in the latter part of last week, which on Friday left a one-week high at 1.4050. The pair settled near the 1.4000 mark. Oil prices are moderately firmer today, though remain off the 11-week highs seen last week. In stock markets, the Nikkei 225 rallied 1.7% and posted its highest daily close since March 6th, while the Hang Seng and China's main indices traded in the red, though pared losses during the PM session. On the coronavirus front, focus remains on reopening economies and a rebound in economic activity. Brazil remains a rapidly emerging hotspot, and now has the second highest level of confirmed cases, behind the U.S.

General news
Asian Market Update: » 03:05
05/25/20
05/25
03:05
05/25/20
03:05

Asian Market Update: With…

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