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On February 12th, Morgan Stanley released a technical research report predicting that WuXi Biologics (02269.HK) shares will rise in the next 45 days, with a probability of 70% to 80%. The company previously issued a profit warning, and management indicated accelerated growth in fiscal year 2026. This, coupled with a 16% increase in the number of integrated projects in 2025 and strong momentum in research services, all reflect a strong performance in 2026. Furthermore, the momentum in research services will generate IP-related revenue, further enhancing profitability. The company also recently entered into licensing agreements with Vertex and Zai Lab (09688.HK). Based on WuXi Biologics accelerating revenue growth and profit margin expansion, the bank raised its earnings forecasts for 2026 to 2030 by 4% to 10%, increased its target price from HK$45 to HK$50, and maintained its "Buy" rating.Fitch Ratings: Large Japanese financial groups are better able to withstand interest rate shocks than their peers.Jefferies raised its price target for McDonalds (MCD.N) from $360 to $375.Market news: U.S. Commerce Secretary Rutnick will meet with Japanese Minister of Economy, Trade and Industry Ryosuke Akazawa in Washington on Thursday.Hong Kong-listed AI stocks continued to diverge in the afternoon session. Zhipu (02513.HK) surged over 37%, MINIMAX-WP (00100.HK) rose over 17%, and Vobile Group (03738.HK) climbed over 11%. Kingsoft Cloud (03896.HK) and SenseTime (00020.HK) both rose over 6%. Conversely, Cloud Music (09899.HK) fell over 10.5%, Lenovo Group (00992.HK) dropped over 5%, Kingdee International (00268.HK) and Meituan (03690.HK) declined over 4.5%, and Meitu (01357.HK) fell nearly 4%.

Two Trades to Watch: DAX, GBP/USD

Jimmy Khan

May 07, 2022 10:43


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The DAX is falling as industrial output declines.


After a slaughter on Wall Street that saw the Nasdaq finsh 5% down, European equities have begun in the red, extending losses from the previous day.


Fears of inflation, stagflation, and recession are weighing on the market as we approach the weekend. The DAX is expected to shed 1.4 percent this week, marking the fifth consecutive week of losses.


In March, German industrial output decreased -3.9 percent on a month-over-month basis, down from 0.2 percent in February and considerably below the -1 percent drop forecast. The negative report comes on the heels of a sharp drop in German manufacturing orders in March. The data represents the economic effect of the Russian conflict on Germany and the Eurozone as a whole.


Germany does not have any additional statistics due today. Sentiment and the US NFP announcement will affect European indexes.