Surging Defense Stocks Are Asia's Trump Trade
Asian defense stocks have been on fire as global military spending rises. A second Trump presidency could keep them going. Source link
US Justice Department preps suit over UnitedHealth-Amedisys deal, Bloomberg News reports By Reuters
(Reuters) – The U.S. Justice Department is moving to block UnitedHealth Group (NYSE:)’s $3.3 billion purchase of Amedisys Inc (NASDAQ:). over concerns the deal would harm competition in the market for home health services, Bloomberg News reported on Tuesday, citing people familiar with the matter. Source link
Metal Prices Fall on Strong Dollar, Rising Chinese Copper Output
Metal prices fell on a strong dollar and rising Chinese refining capacity, with copper now at its lowest level since mid-September due to an unfavorable environment post-U.S. election, Commerzbank said. Source link
Tyson Foods beats quarterly results on strong demand for beef, pork By Reuters
(Reuters) -Tyson Foods beat Wall Street expectations for fourth-quarter results on Tuesday, as lower costs and strong demand for its pork and beef products helped offset slowdown in the chicken segment, sending its shares up 6% before the bell. More people are cooking at home rather than dining out due to higher food prices, which is helping Tyson Foods (NYSE:) that has been enjoying a rebound in demand for pork
OPEC Trims Demand Forecast for Fourth Straight Month
The Organization of the Petroleum Exporting Countries cut its forecast for oil-demand growth for the fourth consecutive month after further delaying its planned output hike amid market concerns over weaker global consumption and lower prices. Source link
Home Depot raises annual same-store sales forecast By Reuters
(Reuters) -Home Depot raised its annual same-store sales forecast on Tuesday, betting on resilient demand from professional contractors to offset weak spending on bigger projects such as kitchen renovations. The top U.S. home improvement retailer’s shares, up 18% this year, rose 2% in premarket trading as it posted a smaller-than-expected drop in third-quarter comparable sales. “As weather normalized, we saw better engagement across seasonal goods and certain outdoor projects as
European Gas Prices Near Year-to-Date Highs on Stronger Demand
European natural-gas prices edged lower in early trade but still hovered around this year’s highs as cooler temperatures and softer wind drive demand. Source link
COMAC says Air China is the first customer for C929 widebody jet By Reuters
ZHUHAI, China (Reuters) -COMAC said on Tuesday that Air China (OTC:) was the first customer for the Chinese planemaker’s C929 widebody aircraft under development that is designed to compete with twin-aisle models from Airbus and Boeing (NYSE:). COMAC’s deputy director of marketing, Liu Yan, made the announcement at China’s biggest air show in Zhuhai. Liu did not disclose the number of aircraft that Beijing-based Air China would purchase or planned
JGB Futures Consolidate; 10-Year JGB Yield Remains Solid Around 1%
JGB futures consolidated in the morning Tokyo session following the U.S. bond market holiday on Monday. Source link
Nissan shares jump more than 20% after activist Effissimo takes stake By Reuters
TOKYO (Reuters) – Nissan (OTC:) Motor shares jumped as much as 20.6% on Tuesday after a filing showed an entity related to activist investor Effissimo Capital Management had taken a stake in the struggling Japanese automaker. In a regulatory filing on Monday, Nissan listed Cayman Islands-registered ECM Master Fund as a shareholder with a 2.5%stake as of end-September. ECM Master Fund is affiliated with Effissimo, according to SEC filings. Source
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