News

Stifel: Raised its price target for Nvidia to $282 from $250.

The U.S. two-year Treasury yield rose 6.6 basis points to 4.106%.

German two-year government bond yields rose as much as 4.3 basis points to 2.687%.

U.S. stock index futures fell, with U.S. S&P 500 E-Mini futures down 0.25%, Nasdaq 100 futures down 0.35%, and Dow Jones futures down 0.09%. There are reports that Iran’s supreme leader has ordered that near-weapons-grade uranium must remain in Iran.

Mizuho Bank: raised Nvidia's target price from $275 to $300.

Kremlin: Putin did not offer to use Schröder as mediator in negotiations with Russia.

Kremlin: No risk to Russian fuel supplies in case of refinery attack.

According to the Wall Street Journal: Several companies including D-Wave Quantum, Rigetti Computing and Inflection are expected to receive financial support from the US government.

According to the Wall Street Journal: IBM will receive $1 billion from the program, while GlobalFoundries will receive $375 million, a move aimed at promoting the emerging quantum computing industry.

According to the Wall Street Journal: The United States will allocate US$2 billion to quantum computing companies and acquire shares.

According to Japan's Kyodo News: Japan's oil imports from the Middle East fell to a historical low in April.

Benchmark: Raised its price target for Nvidia to $335 from $250.

IBM SHARES UP 6.4% PREMARKET AFTER REPORT CO TO GET $1 BLN FROM US TO BOOST QUATUM COMPUTING

IBM (IBM.N) rose 6.4% in pre-market trading on reports that the company will receive $1 billion in U.S. government funding to promote the development of quantum computing.

Market news: Britain summoned Israel’s ambassador to foreign affairs today.

Market news: The United States will allocate US$2 billion to 9 quantum computing companies, and the government will receive equity.

The UK's CBI industrial orders differential in May recorded -41, the lowest since September 2020. The difference in UK CBI industrial price expectations in May was recorded at 38, the highest since February 2023.

Indian government officials: The priority is to secure the release of Indian ships currently stuck in the Strait of Hormuz.

The expected difference in UK CBI industrial prices in May was 38, compared with the previous value of 32.

UK May CBI Industrial Orders Difference -41, expected -40, previous value -38.