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RPT-BREAKINGVIEWS-Beijing has a $1 trln case for a stronger yuan
By Ka Sing Chan HONG KONG, Dec 10 (Reuters Breakingviews) - Few would have predicted this at the beginning of 2025: China posted a record $1 trillion trade surplus for the first 11 months of the year despite a tariff war with the U.S. for most of that period. But the rush of Chinese exports to no...Reuters
Wed, Dec 10
ProPetro gains after JP Morgan upgrades rating to 'overweight'
Shares of oilfield services provider ProPetro PUMP.N up 2.1% at $11.20 premarket, after J.P. Morgan upgrades stock rating to "overweight" from "neutral"Brokerage also raises its price target to $13 from $7, citing an 18.5% upside from Tuesday's closeJPM says the upgrade is due to...Reuters
Wed, Dec 10
Middleby rises as Jefferies lifts to 'buy', hikes PT
Food processing equipment maker Middleby's MIDD.O shares up 2.2% at about $132 premarketJefferies upgrades rating to "buy" from "hold", lifts PT to $175 from $130New PT shows an upside of 35.7% from the stock's last close Brokerage states co's Commercial Foodservice ...Reuters
Wed, Dec 10
Cracker Barrel sinks after cutting annual sales forecast
Shares of casual dining chain Cracker Barrel Old Country Store CBRL.O down 8.3% at $24.75 premarket Co cut its annual revenue forecast after market close on Tuesday, as backlash over its short-lived logo change hurt store traffic in Q1Expects FY2026 revenue of $3.2 billion to $3.3 billion vs. prior ...Reuters
Wed, Dec 10
PepsiCo rises after JP Morgan upgrades to "overweight"
Shares of beverage and snacks company PepsiCo PEP.O up 1.4% at $146.66 premarket after J.P. Morgan upgrades to "overweight" from "neutral"Brokerage also raises PT to $164 from $151, avg median PT as per LSEG data is $164JPM sees EBIT margin expansion of ~50 bps in 2026, aided by reco...Reuters
Wed, Dec 10
SNAPSHOT-India stocks, rupee, swaps, call at close
Dec 10 (Reuters) - STOCKS:The benchmark BSE Sensex .BSESN closed 0.3% lower at 84,391.27, while the broader NSE index .NSEI declined 0.3% to 25,758, on concerns that the U.S. Federal Reserve may signal a more hawkish 2026 outlook after an expected rate cut later in the day. .BORUPEE: The Indian rupe...Reuters
Wed, Dec 10
SNAPSHOT-India stocks, rupee, swaps, call at close
Dec 10 (Reuters) - STOCKS:The benchmark BSE Sensex .BSESN closed 0.3% lower at 84,391.27, while the broader NSE index .NSEI declined 0.3% to 25,758, on concerns that the U.S. Federal Reserve may signal a more hawkish 2026 outlook after an expected rate cut later in the day. .BORUPEE: The Indian rupe...Reuters
Wed, Dec 10
UK stocks mixed as investors await Fed rate decision
FTSE 100 up 0.1%, FTMC down 0.1% HSBC, StanC climb after BofA upgradeMedia stocks rise after JPMorgan's bullish views Dec 10 (Reuters) - UK shares were mixed on Wednesday, as investors refrained from placing big bets ahead of the U.S. Federal Reserve's interest rate decision.The benchmark...Reuters
Wed, Dec 10
CANADA STOCKS-TSX futures dip ahead of BoC, Fed interest rate decisions
Dec 10 (Reuters) - Futures for Canada's main stock index ticked lower on Wednesday as investors awaited highly anticipated interest rate decisions by the Bank of Canada and the U.S. Federal Reserve later in the day.Futures on the S&P/TSX Composite Index SXFcv1 were down 0.2% at 05:30 a.m. ET...Reuters
Wed, Dec 10
PRECIOUS-Gold dips ahead of Fed decision; silver extends rally above $60
Silver hits record high of $61.61/ozSilver crossed $60/oz for the first time on TuesdayFed expected to cut rates, decision due at 1900 GMTBy Pablo Sinha Dec 10 (Reuters) - Gold prices edged down on Wednesday as investors awaited an expected U.S. Federal Reserve rate cut and clues on future polic...Reuters
Wed, Dec 10
MORNING BID AMERICAS-It's showtime!
By Marc Jones LONDON, Dec 10 (Reuters) - By Marc Jones, global markets correspondent What matters in U.S. and global markets today Wall Street futures and bond and FX markets are hunkering down as crunch time nears for a divided Federal Reserve policy board, while earnings from Oracle and Broa...Reuters
Wed, Dec 10
Oracle's OpenAI reliance faces scrutiny as debt-fueled AI buildout raises worries
Dec 9 (Reuters) - Months after Oracle's $400 billion-plus contract backlog ignited a stock-market frenzy, the enthusiasm has given way to doubts about its reliance on OpenAI and debt-fueled datacenter buildout, which will dominate its earnings on Wednesday.
Reuters
Wed, Dec 10
US STOCKS-Wall St futures slip ahead of Fed meeting, 2026 cuts in doubt
Futures off: Dow 0.17%, S&P 500 0.15%, Nasdaq 0.23% Dec 10 (Reuters) - U.S. stock index futures fell on Wednesday, ahead of a Federal Reserve monetary policy decision widely expected to deliver an interest rate cut alongside hawkish commentary on the path of future easing.The central bank'...Reuters
Wed, Dec 10
How Chinese entities are already using Nvidia's powerful H200 AI chips
BEIJING, Dec 10 (Reuters) - U.S. President Donald Trump's move to allow exports to China of Nvidia's second-best artificial intelligence chip, the H200, will spur strong demand from the country's tech giants, research institutes, and its defence-industrial complex.
Reuters
Wed, Dec 10
CNFINANCE ANNOUNCES THE RESULTS OF ITS EXTRAORDINARY GENERAL MEETING
GUANGZHOU, China, Dec. 10, 2025 /PRNewswire/ -- CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company"), a leading home equity loan service provider in China, today announced the results of its extraordinary general meeting of shareholders held at 22nd Floor, South ...PR Newswire
Wed, Dec 10
CNFINANCE ANNOUNCES THE RESULTS OF ITS EXTRAORDINARY GENERAL MEETING
GUANGZHOU, China, Dec. 10, 2025 /PRNewswire/ -- CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company"), a leading home equity loan service provider in China, today announced the results of its extraordinary general meeting of shareholders held at 22nd Floor, South ...PR Newswire
Wed, Dec 10
ByteDance, Alibaba keen to order Nvidia H200 chips after Trump green light, sources say
BEIJING/SINGAPORE, Dec 10 (Reuters) - ByteDance and Alibaba 9988.HK have asked Nvidia NVDA.O about buying its powerful H200 AI chip after U.S. President Donald Trump said he would allow it to be exported to China, four people briefed on the matter told Reuters.
Reuters
Wed, Dec 10
DIARY-Federal Reserve Events
Denotes a new entry. -------------------------------------------------------- Federal Open Market Committee (FOMC) MEETING DATES: 2025December 9-10 (second day: statement released 1400 EST/1900 GMT; news conference expected 1430 EST/1930 GMT) 2026January 27-28 (second day: sta...Reuters
Wed, Dec 10
RPT-ROI-AI masking the economy cuts both ways: Mike Dolan
By Mike Dolan LONDON, Dec 10 (Reuters) - The artificial intelligence boom once again shielded the stock market from the sharp macroeconomic edges of 2025. But there's a gnawing anxiety that the dominant AI theme could do the opposite next year - even as it overshadows the real economy.After t...Reuters
Wed, Dec 10
Destiny Tech100 jumps after report says top holding SpaceX is lining up blockbuster IPO
Shares of Destiny Tech100 DXYZ.N, a fund that invests in privately-owned technology heavyweights, climb 9.6% to $30.52 premarketElon Musk's SpaceX is pursuing an IPO next year, looking to raise more than $25 billion with a valuation over $1 trillion, Reuters reported on TuesdayAs of September 30...Reuters
Wed, Dec 10
