FMP
May 14, 2025 3:10 AM - Parth Sanghvi
Asian Currencies Stall as Fed Outlook and Trade Truce Weigh; Yen Strengthens on BOJ Hike Bets
Asian FX markets were largely subdued on Wednesday after softer U.S. inflation data and Monday’s U.S.–China tariff truce tempered rate-cut expectations. The Japanese yen bucked the regional pattern—rallying on renewed bets that the Bank of Japan will follow through with policy tightening. Fed Rat...
May 14, 2025 3:10 AM - Parth Sanghvi
Oil Pauses Rally as Inventories Rise and Geopolitical Moves Grab Attention
Oil prices eased in Asian trade on Wednesday after a four-day rally, as an unexpected build in U.S. crude stocks and President Trump’s Middle East visit tempered earlier optimism from a U.S.–China tariff truce and softer inflation data. H1: Crude Prices Slip Amid Inventory Bump Brent (June): –...
May 14, 2025 3:09 AM - Parth Sanghvi
Barclays Stands by Tencent Music (TME) with $16 Price Target
Barclays reaffirmed its Overweight rating on Tencent Music Entertainment Group (NYSE:TME), maintaining a $16.00 price target—squarely in the consensus range of $13.04–$19.17. Here’s what you need to know: Q1 Highlights & Subscriber Dynamics Revenue & ARPU Beat: Tencent Music slightly outpaced ...
May 14, 2025 3:09 AM - Parth Sanghvi
Why JPMorgan Is Bullish on Western Digital (WDC): Near-Line Demand and Strong Execution
JPMorgan reiterated its Overweight rating and $57.00 price target on Western Digital Corp. (NASDAQ:WDC), underscoring the stock’s momentum—up 10.7% in the past week—as well as its solid position in cloud and hyperscale storage markets. Cloud & Hyperscale Spending to Drive Near-Term Growth Tari...
May 14, 2025 2:56 AM - Parth Sanghvi
UBS Downgrades U.S. Equities to Neutral After Tariff-Driven Rally
UBS downgraded U.S. equities to Neutral from Attractive on Tuesday, citing diminished upside potential after a sharp rally in stock markets fueled by the U.S.-China tariff truce. The call comes as the S&P 500 surged 11% since early April, including a 3.3% gain on Monday, after both countries agreed ...
May 14, 2025 2:54 AM - Parth Sanghvi
U.S. Futures Flat After S&P 500, Nasdaq Gains on Trade Optimism and Softer CPI
U.S. stock futures were little changed on Tuesday evening, holding steady after the S&P 500 and Nasdaq Composite closed higher, supported by cooling inflation and renewed optimism surrounding the U.S.-China trade détente. Futures Snapshot (as of 19:56 ET) S&P 500 Futures: +0.1% at 5,908.0 N...
May 14, 2025 2:52 AM - Parth Sanghvi
NVIDIA Shares Jump on Jensen Huang’s Gulf AI Partnerships During Trump’s Middle East Tour
NVIDIA (NASDAQ:NVDA) stock climbed 5.5% midday Tuesday as CEO Jensen Huang joined President Trump in the Middle East to ink major AI infrastructure deals, reinforcing NVIDIA’s leadership in the global AI race. 1. Saudi Arabia AI “Factories” with HUMAIN At a summit in Riyadh, NVIDIA announced a...
May 14, 2025 2:51 AM - Parth Sanghvi
Asian Markets Mixed as Trade Rally Fades, Yen Strength Weighs on Tokyo
Asian equity bourses were a mixed bag on Wednesday: Hong Kong’s Hang Seng and South Korea’s KOSPI advanced over 1%, mirroring Wall Street tech gains, while Japan’s Nikkei slipped amid a firmer yen. The initial boost from Monday’s U.S.–China tariff truce is giving way to caution as investors await th...
May 14, 2025 2:51 AM - Parth Sanghvi
U.S. April CPI Cools to 2.3% But Remains Above Fed Target Amid Trade Shifts
U.S. consumer prices rose 2.3% year-on-year in April, the slowest pace since February 2021 but still above the Federal Reserve’s 2% inflation goal. The data arrives as markets assess the effects of recent tariff adjustments and await Fed guidance. Key CPI Takeaways Headline CPI: +2.3% YoY (vs....
May 14, 2025 2:50 AM - Parth Sanghvi
Citi: Tech Sector Poised for Further Gains on Short-Covering Tailwind
Citigroup strategists led by Chris Montagu believe U.S. technology stocks could extend their recent rally as traders forced to cover sizeable short positions scramble to buy back shares. Neutral Positioning Leaves Room for a Squeeze Citi’s positioning models showed both the Nasdaq 100 and S&P ...
