Category: Include on Menu
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Five Key Market Themes Investors Will Be Watching This Week
A preliminary peace agreement between the United States and Iran has emerged as the dominant market story at the start of the week, with investors assessing the implications for energy markets, inflation and central bank policy. Attention is also focused on a series of interest-rate decisions from major central banks, the post-IPO performance of SpaceX…
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Iran Agreement Could Ease Inflation Concerns Ahead of Warsh’s First Fed Meeting
A potential agreement with Iran may help reduce inflationary pressures in the United States as Kevin Warsh prepares to chair his first meeting of the Federal Open Market Committee (FOMC), according to analysts at Canaccord. The broker believes that easing tensions in the Middle East and lower energy prices could provide some support to policymakers…
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Traws Pharma Shares Slide After UK Regulator Postpones Influenza Study
Traws Pharma (NASDAQ:TRAW) shares fell sharply in premarket trading on Monday after the company revealed that UK regulators had delayed a planned mid-stage clinical trial for its influenza treatment candidate. The setback adds to previous regulatory challenges facing the programme and prompted investors to reassess the drug’s development timeline. MHRA Issues Negative Assessment Late on…
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Tesla Faces Scrutiny Over FSD Safety Claims Submitted to European Regulators
Tesla (NASDAQ:TSLA) provided self-generated safety data to regulators in several European countries as part of its effort to secure approval for its Full Self-Driving (FSD) system, but independent road-safety experts have questioned the validity of the figures, arguing that they may present an overly favourable view of the technology’s safety performance. The issue comes as…
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Ferrari Shares Rally After Morgan Stanley Upgrade on Valuation Opportunity
Morgan Stanley upgraded Ferrari (NYSE:RACE) to Overweight from Equal Weight on Monday, arguing that the luxury carmaker’s recent share price weakness has become disconnected from the underlying fundamentals of the business. The investment bank also increased its price target to €380 from €330, suggesting potential upside of around 24% from Friday’s closing level. Shares in…
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SpaceX Extends Post-IPO Rally as Valuation Tops $2.1 Trillion
SpaceX (NASDAQ:SPCX) continued its strong momentum in premarket trading on Monday after soaring 19% during its Nasdaq debut on Friday. The aerospace and satellite operator completed the largest initial public offering in history, ending its first trading session with a market value of approximately $2.1 trillion. The company’s shares, trading under the ticker SPCX, opened…
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Gold Climbs Despite Middle East Peace Agreement
Gold prices extended their advance for a third consecutive session on Monday, reaching their highest levels since 9 June, even as news of a peace agreement in the Middle East eased geopolitical tensions. The precious metal continued to attract investor interest despite a sharp decline in oil prices following the announcement of a preliminary accord…
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Oil Falls to Three-Month Low as U.S.-Iran Agreement Signals Hormuz Reopening
Oil prices dropped to their lowest levels in three months on Monday after officials from the United States and Iran indicated that an initial agreement had been reached to end the conflict and restore shipping through the Strait of Hormuz. The prospect of renewed energy flows through one of the world’s most important maritime trade…
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Markets Rally as U.S.-Iran Peace Agreement Lifts Risk Appetite: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures moved sharply higher on Monday after Washington and Tehran announced an interim peace agreement, raising hopes that a conflict which has disrupted global markets for more than three months could soon come to an end. While important aspects of the agreement have yet to be fully disclosed, investors reacted positively to news…
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Piper Sandler Says Tesla Has Cracked Self-Driving Technology Challenge (TSLA)
Analyst Sees Tesla Reaching Level 4 Autonomy in Most Situations Piper Sandler analyst Alexander Potter believes Tesla (NASDAQ:TSLA) has largely achieved Level 4 autonomous driving capability, arguing that the company has overcome the key technological hurdles required for self-driving vehicles despite ongoing doubts from investors and industry observers. In a note to clients, Potter outlined…