News

Crimean leader: Russian President Vladimir Putin has personally taken over and oversees the peninsula’s gasoline shortage. The public is urged to remain patient and calm as they face gasoline shortages.

HSBC: Lowered the target price of Alphabet (GOOGL.O) from $435 to $420.

HSBC: Raise the target price of Zoom (ZM.O) from $107 to $133.

Swiss National Bank President Schlegel: The central bank has increased its intervention preparations to deal with the pressure of overestimation caused by the escalation of tensions in the Middle East.

Swiss National Bank President Schlegel: The actual overvaluation of the Swiss franc is significantly lower than the nominal overvaluation.

Swiss National Bank President Schlegel: The Swiss National Bank has not set an exchange rate target for the Swiss franc.

Stellandis (STLA.N) CEO: The new STLA One platform will be 20% more competitive than the existing architecture. The company is working to solve the problem of overcapacity in Europe by sharing factory resources (such as the Rennes factory in France) or improving factory utilization by investing in new products (such as the Mulhouse factory in France).

China Passenger Car Association: Tesla China sold 85,982 vehicles in May.

Meta Platforms (META.O) said "Restricted Content Settings" will roll out on Facebook and Messenger later this year.

Meta Platforms (META.O): "Restricted content settings" will also launch on Facebook and Messenger later this year.

Meta Platforms (META.O): New content settings for teen accounts ages 13 and up are now available globally on Instagram, Facebook and Messenger.

Hyundai Motor's U.S. sales in May were 87,468 vehicles, a year-on-year increase of 3%.

S&P Global Market Intelligence: The ITraxx European Cross Index fell to 258 basis points, a three-month low.

Mediterranean Shipping Company: The company is a neutral commercial carrier with no ties to the United States or Israel and is deeply concerned by these unprovoked attacks.

Bank of Montreal: Lowered its target price on FedEx (FDX.N) to $340 from $410.

Indian Ministry of Foreign Affairs: Interim President Rodriguez of Venezuela will visit India from June 3 to 7.

CEO of DHL Express Europe: There is currently no risk to aviation fuel supply and we do not foresee any disruption to our operations.

Russian authorities say a fire at Russia's Ilsky Petroleum refinery has been extinguished.

Romania's Central Bank: Romania's foreign exchange reserves fell to 64.05 billion euros.

Russia said it was concerned about the escalation of Ukraine's "terrorist activities" in the Black Sea, which has led to increased risks for civilian shipping.