Market Climbs on CPI Inflation and Likelihood of Rate Cuts | Livestock
U.S. Stock Outlook | The three major Equity Index futures are mixed, as the market holds its breath for tonight's CPI.
On December 11 (Wednesday) in Pre-Market Trading, the three major U.S. Equity Index futures were mixed.
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Gold prices remain stable as a breakthrough is awaited; the market anticipates key data from the USA tonight.
On Wednesday, gold prices remained basically stable as the market anticipated critical inflation data from the USA, which could impact general expectations for interest rate cuts and provide more clues for the outlook in 2025. As of 09:04 GMT (17:04 Peking time), spot gold held steady at $2,689.42 per ounce, reaching its highest point since early trading on November 25. COMEX Gold Futures rose by 0.3% to $2,725.50. StoneX Analyst Rhona O'Connell stated that the market is focusing on the upcoming inflation data and will pay attention to Chairman Powell next week.
Goldman Sachs: Has a more positive expectation for UNITED LAB's price trend next year, raising the Target Price to HKD 10.25.
Goldman Sachs released a research report stating that due to more positive expectations for the price trend of UNITED LAB (03933) next year, the sales and profit forecasts for 2025 and 2026 have been raised by 8.1%/4.7% and 17.4%/10% respectively. The Target Price has been increased from HKD 9.31 to HKD 10.25. According to Wind data, the pricing for UNITED LAB's penicillin G and 6-APA remains favorable and at historical highs, although there were some slight fluctuations in the price of 6-APA in November. The bank expects that the company's pricing trend will remain resilient in the coming quarters, as a major pharmaceutical company in India.
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Trump is trending towards financial deregulation, Goldman Sachs (GS.US) cheers as the merger and acquisition market welcomes Bullish news.
During the Trump era, merger and acquisition Trades are expected to increase, and Wall Street Banks are likely to benefit.
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Wall Street advisors expect the Trade facilitation Business to heat up during the Trump era.
Wall Street merger consultants indicate that anticipated regulatory relaxation is likely to drive merger and acquisition activity and initial public offerings over the next year, as companies are beginning to revive their Trade playbooks. Christina Minnis, head of Global Crediting and Global Business at Goldman Sachs, stated that given Donald Trump's policy commitments during his presidential campaign, "I think the market might perceive that merger and acquisition activity in the USA could become somewhat stronger." Minnis expressed on Tuesday that due to uncertainties surrounding potential tariffs in the USA, she expects "Europe will be more reserved," but overall, Trade activity should increase before the summer. "Since the election, the number of transactions has been increasing."
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The Goldman Sachs Group, Inc. (GS) Goldman Sachs 2024 U.S. Financial Services Conference (Transcript)
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Citigroup's Chief Financial Officer stated that he feels "very good" about the revenue performance this year.
Citigroup is expected to achieve the high end of its revenue guidance range for 2024 and plans to increase the scale of Share Buyback once the bank's capital outlook becomes clearer. "Returning more of Citigroup's capital to investors is my top priority," Citigroup's Chief Financial Officer Mark Mason said at a conference organized by Goldman Sachs on Tuesday, "I am well aware of our trading levels compared to our peers." Mason also stated that the bank expects to reach the high end of its revenue guidance of $80 billion to $81 billion this year. "So that feels very good," he said. Mason indicated that spending may also be at the high end of the range. This suggests that the bank will...
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