News

According to Interfax news agency, the Russian Ministry of Defense stated that Russian troops struck a cargo ship in the Black Sea.

HSBC Holdings: Raised its price target for Citigroup (C.N) from $161 to $164. Raised its price target for JPMorgan Chase (JPM.N) from $369 to $377. Raised its price target for Bank of America (BAC.N) from $74 to $76. Raised its price target for Wells Fargo (WFC.N) from $104 to $108. Raised its price target for PNC Financial Services from $275 to $283.

TD Cowen raised its price target for Chevron (CVX.N) from $205 to $215.

Mitsubishi UFJ Morgan Stanley Securities has moved up its forecast for the Bank of Japan's interest rate hikes from January and June 2027 to December 2026 and April 2027, respectively.

India’s NIFTY state-owned bank index fell 2.2%.

India's NIFTY 50 index is currently down 1.3%.

JPMorgan Chase lowered its price target for Tesla (TSLA.O) from $445 to $415.

According to the Saudi Press Agency: The Saudi Foreign Minister has arrived in Washington to meet with his U.S. counterpart.

JPMorgan Chase raised its price target for Eli Lilly (LLY.N) from $1,400 to $1,500.

The yield on India's 10-year government bonds rose to an intraday high of 7.1653%.

India's NIFTY 50 index fell 1%.

India's NIFTY Private Banking Index fell 1.03%.

India's NIFTY 50 index fell 0.75%.

India's NIFTY Financial Services Index fell 1%, and the Banking Index was last down 1.02%. The National Stock Exchange of India fell 0.48% to 1784 rupees, below its IPO price of 1785 rupees.

Traders: The Reserve Bank of India may be selling dollars to limit the depreciation of the rupee.

S&P 500 futures fell 0.4%, and Nasdaq futures fell 0.7%.

Piper Jaffray: Lowered its price target for Nike (NKE.N) from $45 to $38.

According to South Korean media outlet SME Daily, industry sources revealed that SK Hynix (SKHY.O) has begun preliminary foundation work on a semiconductor wafer fab in the Tohoku region of Japan. It is currently unclear whether this will be a stand-alone fab or a joint venture with Kioxia.

The U.S. Federal Aviation Administration (FAA) has lifted the grounding order at Denver International Airport.

Australia's final budget deficit for the 2025-26 fiscal year is A$22.3 billion.