French stock market leads the decline in European stock market, constrained by uncertainty surrounding the election.
After two consecutive increases, the French stock market fell, and the impact of political risks on the market remained. The French CAC 40 index closed down 0.8%, while the Stoxx Europe 600 index fell slightly by 0.2%. From the perspective of the Stoxx Europe 600 index, European basic resources, insurance, and tourism stocks led the gains, while real estate and technology stocks performed the worst. The FTSE 250 index of mid-cap British stocks fell slightly, despite data showing that the inflation rate fell to the Bank of England's target level for the first time in nearly three years, providing support for interest rate cuts later this year. The Stoxx 600 index has been sluggish this month as French premature elections have caused investors to flee.
Bank of America Securities: Reaffirms buy rating for Bilibili-W, raises target price to HKD 142.
Bank of America Securities released a research report reiterating a bullish rating on Bilibili-W (09626), optimistic about advertising trends and new games launched recently. Due to the improvement of advertising and gaming businesses, Bilibili's earnings per share expectations for the next two years have been raised by 2% to 7%, and the target price has been raised from HKD 140 to HKD 142. At the same time, the compound annual growth rate forecast for 2025 to 2030 has been raised from 26% to 27%. The report stated that the company's first quarter advertising revenue achieved steady growth, and management stated at an investor conference that the growth momentum will continue under the promotion of the 618 shopping festival, with major e-commerce platforms leading the way.
Overnight news: Analysts are bullish on Nvidia's market cap rising to 5 trillion dollars, while Apple is putting the development of the second generation of Vision Pro on hold. Consumer spending in the United States is slowing down.
For more global financial news, please visit the 7x24-hour real-time financial news website. Market closing: S&P and Nasdaq hit new records. Nvidia becomes the largest US stock market capitalization. On June 18th, the top 20 US stock market turnover: Nvidia hit a new high again and became the market cap champion. US WTI crude oil rose 1.5% on Tuesday, continuing yesterday's rise. Popular China concept stocks rose and fell on Tuesday. Taiwan Semiconductor rose 1.4%, and PDD Holdings fell 2.8%. Major European stock indices closed up, with the Euro Stoxx 50 index up 0.71%. Macro news: Ukraine's Prime Minister: Negotiations for Ukraine to join the European Union will start on the 25th. It is reported that the European Union will ...
Fund Managers Are the Most Bullish They've Been in Years, BofA Survey Says -- Barrons.com
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CNBC Halftime Report Final Trades: Amazon.Com, Netflix, Bank Of America, Cisco Systems
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European stock markets rebounded slightly, as some market participants searched for opportunities after the recent plunge.
European stock markets rebounded for a second consecutive trading day as investors take stock of the political situation ahead of the French elections. Although gains are still limited, investors are looking for opportunities in the market after recent declines. The STOXX Europe 600 index closed up 0.7%, with all sectors except for consumer-related sectors recording gains. The French CAC 40 index rose 0.8%. Earlier, French President Emmanuel Macron's party was defeated by Marine Le Pen's National Front in the European Parliament elections, causing a sharp decline in European stock markets. The two rounds of elections will end on July 7th. Political uncertainty remains present.
Unpacking the Latest Options Trading Trends in Bank of America
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Midsize Companies Are Big Business for Wall Street's Megabanks -- WSJ
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Bank of America: If inventories continue to grow rapidly, crude oil prices will fall.
Since February, according to Bank of America, crude oil and oil product inventories have risen at an unseasonable rate, and if this trend continues, it could put pressure on oil prices in the third quarter. Analysts such as Warren Russell wrote in a report on June 14th that if inventories continue to increase rapidly, oil prices will fall. Global oil demand in the first quarter slowed to 890,000 barrels per day, and data shows that consumption growth may further slow in this quarter. It is not yet clear whether the supply and demand balance in the third quarter of this year will be strong enough to shift the market from a significantly oversupply position to one that can boost prices.
Fed's Kashkari: Forecast of one rate cut by the end of this year is "reasonable".
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These Numbers Show That Banks' Risk From Office Real Estate Has Been Exaggerated
By Philip van Doorn Christopher Marinac of Janney Montgomery Scott says banks are providing a lot of information that is being ignored By now you have probably seen myriad headlines about an alarmin
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This Bank of America Analyst Turns Bullish; Here Are Top 5 Upgrades For Friday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings pag
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Bank of America Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 06/14/2024 18.4% Keefe, Bruyette & Woods $37 → $46 Upgrades Market Perform → Outperform 06/04/2024 -4.77%
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