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GLOBAL MARKETS-Asian stocks rise, dollar wobbles as trade uncertainty persists
South Korea stocks hit 10-month high after electionTrade uncertainty weighs as deadline for US offers loom Investors pin hopes on Xi-Trump call this week By Ankur Banerjee SINGAPORE, June 4 (Reuters) - Asian equities rose on Wednesday lifted by technology shares and the dollar drifted as higher U...Reuters
Wed, Jun 4
Barclays lifts S&P 500 year-end target
June 4 (Reuters) - Barclays raised its year-end price target for the S&P 500 .SPX index to 6,050 from 5,900 on Wednesday, citing easing trade uncertainty and expectations of normalized earnings growth in 2026. The brokerage maintained its 2025 earnings per share forecast at $262, despite ongoing...Reuters
Wed, Jun 4
UK Stocks-UK Factors to watch on June 4
June 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures FFIc1 up 0.05%.* TARIFFS: The United States on Tuesday announced it would skip doubling steel and aluminum tariffs for Britain.* DALATA HOTEL: Ireland's largest hotel group Dalata DHG.I on Tue...Reuters
Wed, Jun 4
Australia's Mayne Pharma slides on US co's notice to scrap $432 mln deal
Mayne Pharma MYX.AX slides as much as 12.5% to A$4.14, lowest since November 21, 2024. Co gets purported notice to terminate $432 million acquisition offer from U.S.-based Cosette Pharmaceuticals. Says it intends to reject termination notice as invalidReuters
Wed, Jun 4
Manhattan Associates Transforms Enterprise Selling with Enterprise Promise & Fulfill™
New B2B sales and fulfilment solution adds new selling and fulfilment capabilities to existing ERP environments, elevating sales revenues, improving inventory accuracy and performance, and enhancing customer experiences SYDNEY, June 4, 2025 /PRNewswire/ -- Manhattan Associates Inc. (NASDAQ: ...PR Newswire
Wed, Jun 4
MORNING BID EUROPE-No 'best offers' yet as tariff deadline looms
A look at the day ahead in European and global markets from Ankur BanerjeeToday is the deadline for U.S. trading partners to submit their "best offer" to avoid punishing import tax rates, the same day that U.S. duties on imported steel and aluminium kick in, and investors are more jittery th...Reuters
Wed, Jun 4
REFILE-Vanguard new ex-China ETF followed push from Missouri Republicans
Missouri Treasurer pushed for Vanguard to add ex-China option to rosterSix weeks elapsed between request and Vanguard ETF filingAdding ex-China products has been a trend among asset managersBy Suzanne McGee and Ross Kerber June 3 (Reuters) - Investment manager Vanguard's new exchange-traded f...Reuters
Wed, Jun 4
AI Emerges as a Mid-to-Long-Term Growth Engine; Kling 2.1 Sets New Standard for Cost-Efficient Video Generation
Kuaishou: A Leading Short-Video Platform in China with Strong User Engagement and Robust E-commerce Growth.It operates one of the most prominent content and social platforms globally, striving to become the most customer-centric company in the world. Backed by robust AI capabilities, Kuaishou continues to innovate and expand its service offerings to enhance user experience and value creation. In 1Q25, Kuaishou reported total revenue of RMB 32.6 billion, up 10.9% year-over-year, with adjusted net profit reaching RMB 4.6 billion and an adjusted net margin of 14.0%. Notably, the company achieved its first-ever quarterly operating profit for the overseas segment. Monthly active users (MAUs) reached 712 million, and daily active users (DAUs) stood at 441 million, with an average daily usage time per DAU of 133.8 minutes. E-commerce continued its strong momentum, with gross merchandise volume (GMV) rising 15% year-over-year to RMB 332 billion.AI Fuels the Short Video Boom.China’s short video sector remains in a high-growth phase, increasingly driven by AI. The online audiovisual market reached RMB 1.2 trillion in 2024, up 6.1% year-over-year. As of December 2024, short video users in China surpassed 1 billion, with average daily usage per user ranking highest among all internet applications. By capturing fragmented attention spans through compelling visuals, algorithmic distribution, and ease of consumption, short videos quickly command user engagement. Kuaishou is at the forefront of this AI-powered transformation. Kuaishou’s proprietary AI video generation platform, “Kling AI” (可灵),is China’s first paid AI video tool designed for both consumers and professional creators. The underlying AI infrastructure supports various applications including dynamic ad delivery, AIGC (AI-generated content), AI virtual anchors, and intelligent customer service.Kling AI Has Rapidly Become A New Growth Engine in Kuaishou’s AI Monetization Strategy.As China’s first paid AI video generation tool for professional users, it has achieved early commercialization success. The product prioritizes model quality and targets the “prosumer” segment—users who combine consumer influence with professional-grade purchasing power, such as content creators and digital marketers. In 1Q25, Kling AI generated over RMB 150 million in revenue, with nearly 70% contributed by paid subscriptions from prosumer users. The platform’s global user base has exceeded 22 million, with enterprise clients (via API integration) surpassing 10,000. Kling AI now serves multiple verticals including content creation, advertising, film and animation, gaming, and smart devices—with a high enterprise renewal rate.Kling AI Continues Rapid Iteration, Delivering High Visual Quality with Exceptional Cost Efficiency.Kling AI continues to iterate rapidly, enhancing both quality and efficiency. Following the April launch of Kling 2.0—with major improvements in semantics, motion, and aesthetics—the new 2.1 series raises the bar on cost-effectiveness and speed. Kling 2.1 generates 5-second videos for just 20 Inspiration Points (720p) or 35 Points (1080p)—offering high performance at no added cost. In high-quality mode, videos render in under one minute, well ahead of industry peers. As a global leader in visual AI, Kling now offers a broader, more efficient solution set, meeting diverse content creation needs with superior value and speed.MVL Framework Unlocks Broad Commercial Potential.Kuaishou’s newly launched MVL (multi-modal visual language) framework enables richer expression by integrating various input formats—text, images, videos, sounds, and motion data—into the creative workflow. This approach better captures and realizes creative intent compared to text alone. Kling AI 2.0 adopts this framework to support more precise and expressive content creation. Commercial applications span advertising, professional content creation, film and television production, and entertainment. With the official launch of Kling 2.0 on April 15, AI monetization is expected to accelerate significantly in FY2025.AI Enhances E-commerce Efficiency.AI-generated content is also empowering Kuaishou’s e-commerce operations. AIGC improves merchant efficiency by reducing operating costs through automated content creation, intelligent matching, and virtual customer service. Using video recognition and DeepSeek’s semantic understanding, Kuaishou can automatically generate highlight clips from livestreams to showcase product features and capture long-tail traffic. As of 1Q25, daily GMV from AI-generated livestream clips has increased by over 300% year-over-year.Attractive Valuation Supported by AI and E-commerce Momentum.With continued GMV growth exceeding 15% year-over-year and rapid AI business expansion, Kuaishou’s valuation appears attractive. Among its three core segments, “Other Services” is expected to be the fastest-growing, driven by Kling AI and e-commerce synergies. We forecast revenue from “Other Services” to grow 18% year-over-year in FY2025. Kuaishou is typically valued using the EV/EBITDA method. The stock currently trades at HK$51.65 per share, with a market capitalization of approximately HK$221.6 billion. Market consensus expects EBITDA of HK$32.0 billion and HK$37.7 billion for FY2025 and FY2026, implying EV/EBITDA multiples of 5.5x and 4.7x, respectively—well below the industry average of 9.8x and 8.3x. Please refer to the valuation section for further details.04/06/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Wed, Jun 4
GLOBAL MARKETS-Asian stocks up, dollar soft as trade uncertainty mounts
South Korea stocks hit 10-month high after electionTrade uncertainty weighs as deadline for US offers loom Investors pin hopes on Xi-Trump call this week By Ankur Banerjee SINGAPORE, June 4 (Reuters) - Asian stocks inched higher on Wednesday and the dollar wobbled near six-week lows as traders br...Reuters
Wed, Jun 4
Aussie uranium miners gain after Meta signs nuclear power deal with US firm
** Shares of Australian uranium miners Paladin Energy PDN.AX, Boss Energy BOE.AX and Deep Yellow DYL.AX rise between 4.7% and 6.9%** Tech giant Meta META.O inks a deal with Constellation Energy CEG.O to keep one of the utility's reactors in Illinois operating for 20 years** Uranium, a key fuel f...Reuters
Wed, Jun 4
Kospi Index Rises Over 2% After Lee Jae-Myung Won South Korea Presidency
TradingKey - The candidate from South Korea's Democratic Party, Lee Jae-myung, has officially been confirmed as the winner of the 21st South Korean presidential election and will assume office immediately. Investors' confidence was boosted by Lee’s victory, as he seeks to end political turmoil and..TradingKey
Wed, Jun 4
Vanguard new ex-China ETF followed push from Missouri Republicans
Missouri Treasurer pushed for Vanguard to add ex-China option to rosterSix weeks elapsed between request and Vanguard ETF filingAdding ex-China products has been a trend among asset managersBy Suzanne McGee and Ross Kerber June 3 (Reuters) - Investment manager Vanguard's new exchange-traded f...Reuters
Wed, Jun 4
How Much Should Retirees Have Invested by Age 65?
Retirement is something you hear about often throughout your working life. It's easy to push those retirement thoughts away during your younger years, but waiting too long to get serious about your financial future can have serious consequences.The typical U.S. household has median retirement saving...The Motley Fool
Wed, Jun 4
Is Nvidia Stock a Buy Now?
It's been exactly two and a half years since OpenAI launched ChatGPT. Since this seminal moment, there has been no topic hotter in markets and the economy than artificial intelligence (AI). That's because everyone is realizing just how revolutionary this technology could be.Consequently, there is in...The Motley Fool
Wed, Jun 4
President Trump Delivers Worrying News to Apple Stock Investors
Apple (NASDAQ: AAPL) has faced a series of headwinds in the past two years. Some investors believe the company is losing ground to its competitors in the rapidly growing artificial intelligence (AI) field; iPhone sales are no longer the growth driver they once were; and lawmakers and regulators have...The Motley Fool
Wed, Jun 4
Tesla Stock Is Going Parabolic. Is Now the Time to Buy?
For the last few weeks, the stock market has shown signs of strength as new trade deals come together in response to President Donald Trump's tariff policies.In May, the S&P 500 and Nasdaq Composite rose 5% and 8%, respectively. Among some of the biggest gainers were artificial intelligence (AI) sto...The Motley Fool
Wed, Jun 4
PRECIOUS-Gold steady as US-China trade uncertainty offsets strong US jobs data
June 4 (Reuters) - Gold prices held steady on Wednesday as the uncertainty over U.S.-China trade relations offset the impact of strong U.S. jobs data that boosted risk appetite.FUNDAMENTALS* Spot gold XAU= was steady at $3,354.51 an ounce as of 0108 GMT. U.S. gold futures GCcv1 were also steady at $...Reuters
Wed, Jun 4
Australia's Nick Scali hits record high as Citi upbeat on domestic business
** Shares of Nick Scali NCK.AX rise 1.7% to a lifetime high of A$19.54** Stock eyes strongest trading session since May 20, if gains hold** Citi sees housing conditions improving in Australia beyond the next six months, which should drive top-line growth and operating leverage for Nick Scali** Broke...Reuters
Wed, Jun 4
Australia's Chimeric Therapeutics surges on FDA's 'fast track' tag for neuroendocrine tumour drug
** Shares of Chimeric Therapeutics CCU.AX rise 12.5% to A$0.005, hitting their highest level since May 29** Stock eyes strongest trading session since May 15, if gains hold** Biotech firm says U.S. Food and Drug Administration has granted "fast track" status to co's CDH17 drug for the tr...Reuters
Wed, Jun 4
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