News

JPMorgan Chase raised its price target for Microsoft (MSFT.O) from $550 to $625.

JPMorgan Chase lowered its price target for Oracle (ORCL.N) from $210 to $200.

JPMorgan Chase has reinstated its coverage of Salesforce (CRM.N) with an overweight rating and a target price of $250.

Fitch downgraded Baidu's rating to 'A-' with a stable outlook.

Indian trade officials say 45% of Indian exports to the US will remain exempt from the 10% tariff imposed in July.

Eurozone industrial production rose 0% month-on-month in June, in line with expectations, while the previous figure was revised from -0.20% to 0.3%.

Eurozone industrial production rose 0.1% year-on-year in June, compared with a forecast of -0.8% and a revised previous reading of -0.1% (from -1.20%).

Governor of Russia's Orenburg region: Repair work will last for six months.

Governor of Orenburg Oblast, Russia: The refinery's operations have completely ceased.

Governor of Orenburg Oblast, Russia: The situation is serious.

Eurozone industrial production figures for June will be released in ten minutes.

A monthly report from the German Ministry of Economic Affairs states that the number of bankruptcies remains exceptionally high and is expected to continue at an extremely high level in the coming months.

S&P 500 futures rose 0.1%, Nasdaq futures fell 0.04%, and Dow Jones futures rose 0.13%.

Indonesian President: Hopes to start mass production of domestically produced electric vehicles in 2028.

The Hang Seng China Enterprises Index (HSI) closed down 43.66 points, or 0.17%, at 25,396.51 on Thursday, August 13. The Hang Seng Tech Index rose 15.95 points, or 0.33%, to 4,792.39 on Thursday, August 13. The Hang Seng China Enterprises Index (HSCEI) fell 19.78 points, or 0.23%, to 8,426.49 on Thursday, August 13. The Hang Seng Red Chip Index (HSC) fell 66.9 points, or 1.61%, to 4,089.2 on Thursday, August 13.

The Central Bank of Norway: The future direction of policy interest rates will depend on economic development.

The Central Bank of Norway: It does not want to impose restrictions on the economy beyond what is necessary, but it must prevent inflation from becoming deeply entrenched.

Hong Kong stocks closed with the Hang Seng Index down 0.17%, the Tech Index up 0.33%, and Tencent Holdings (00700.HK) down 4.46% after its earnings release.

The Central Bank of Norway: It is still necessary to maintain a tight monetary policy stance in order to bring inflation down to the target level.

Cisco (CSCO.O) shares fell more than 5% in pre-market trading.