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Real-time News
June 9, Morningstar analyst Seth Goldstein wrote in a report that the conflict between Musk and Trump could exacerbate Teslas (TSLA.O) stock price volatility. He added that if the conflict intensifies, Tesla could face company-specific impacts, which could include unfavorable autonomous vehicle regulations. Still, the U.S. government is unlikely to take retaliatory action, he said, and among Musks companies, SpaceX is most likely to be affected by the cancellation of government contracts. Currently, Morningstar maintains a fair value estimate of $250 for Tesla (TSLA.O). The stock closed at $295.14 last Friday.Morgan Stanley said on June 9 that OPEC+ may be significantly increasing oil production quotas to promote the restart of idle production capacity, but this shift has not yet translated into a significant increase in actual production. Analysts including Martijn Rats said: "Although the production quota increased by about 1 million barrels per day between March and June, the increase in actual production was difficult to detect." "It is worth noting that Saudi Arabias production does not seem to have increased significantly." In recent months, eight core members of OPEC have relaxed supply restrictions at a faster-than-expected rate, which may increase supply at a time when trade frictions threaten demand and make the global oil market turbulent. The outside world believes that this unexpected shift is OPECs attempt to regain market share from competitors and punish cheating in quotas.On June 9, Link REIT (00823.HK) issued an announcement stating that the board of directors of its manager Link Asset Management has noted certain media reports speculating that Link REIT may plan to spin off certain of its properties outside the Mainland and Hong Kong into separately listed entities. The manager clarified that it would regularly conduct feasibility studies on various capital and other corporate transactions, including potential spin-off listings, in order to create value and enhance long-term interests for unit holders, but stressed that the feasibility studies may or may not lead to any transactions.The yield on 30-year Japanese government bonds rose 4.5 basis points to 2.92%.According to NBC News: Googles self-driving company Waymo has suspended its service in downtown Los Angeles after several of its vehicles caught fire during protests in Los Angeles.
