News
Important Only
Scotiabank sees US utilities as hedge, raises price targets
Scotiabank raises price target on U.S. utilities as they provide a hedge against a potential downturn that other AI-focused sectors lack"We expect another year of solid returns in 2026, particularly for power stocks and U.S. utilities with meaningful data center exposure" - brokerageBrokerag...Reuters
Tue, Dec 16
Okta rises after Jefferies upgrades to 'buy'
Cybersecurity firm Okta's OKTA.O shares rise 1.4% to $89.45 premarket after Jefferies upgrades to "buy"Brokerage raises PT to $125 from $90, an upside of nearly 42% to stock's last close of $88.20 Expects FY27 adj. EPS of $3.80, higher than Street consensus of $3.66Says it sees stron...Reuters
Tue, Dec 16
Insulet gets 'outperform' rating as Evercore starts coverage
Brokerage Evercore ISI starts coverage on insulin device maker Insulet PODD.O with "outperform" rating and a PT of $370 PT represents a ~27% upside to the stock's last closeBrokerage says Insulet is poised to remain the leading player in the insulin pump marketExpects demand for its tube...Reuters
Tue, Dec 16
MORNING BID AMERICAS-Jobs news, AI blues and falling oil
By Mike Dolan Dec 16 - What matters in U.S. and global markets todayBy Mike Dolan, Editor-At-Large, Finance and MarketsThe rare occurrence of a Tuesday U.S. payrolls report focuses markets' attention back on the labor market against a backdrop of an ongoing retreat from top artificial intelli...Reuters
Tue, Dec 16
Ford to take $19.5 billion writedown, ends several EV models; shares up
Shares of Ford F.N up nearly 1.3% at $13.82 premarketAutomaker said on Monday it will take $19.5 billion writedown and is killing several electric-vehicle models, in the most dramatic example yet of the auto industry's retreat from battery-powered models in response to Trump administration's...Reuters
Tue, Dec 16
US STOCKS-Wall St futures slip as investors brace for key jobs report
Futures off: Dow 0.13%, S&P 500 0.19%, Nasdaq 0.31% Dec 16 (Reuters) - U.S. stock index futures slipped on Tuesday as caution set in ahead of a highly anticipated jobs report that could offer insight into the health of the economy and the potential path for interest rates next year.A recent h...Reuters
Tue, Dec 16
CANADA STOCKS-TSX futures fall as US jobs data looms
Dec 16 (Reuters) - Futures for Canada's main stock index dipped on Tuesday as investors turned cautious ahead of crucial U.S. jobs data, while lower commodity prices added to the downward pressure.Futures on the S&P/TSX Composite Index SXFcv1 were down 0.3% by 05:55 a.m. ET (1055 GMT).U.S. s...Reuters
Tue, Dec 16
Fund managers turn most bullish in 3-1/2 years in 'run it hot' environment – BofA survey
MILAN, Dec 16 (Reuters) - Global fund managers are the most bullish in three and a half years this month, Bank of America's survey showed on Tuesday, as optimism over a "run-it-hot" macro backdrop and policy expectations drove allocations to risk assets. Cash holdings tumbled to a record...Reuters
Tue, Dec 16
Jefferies starts coverage on quantum computing cos, bullish on D-Wave and IonQ
Shares of quantum computing cos D-Wave Quantum QBTS.N, IonQ IONQ.N are marginally up, and Rigetti RGTI.O slightly down in premarketJefferies initiates coverage on QBTS and IONQ with "buy" ratings and PT $45 and $100, respectively, and RGTI with "hold"; PT $30Brokerage says QBTS is su...Reuters
Tue, Dec 16
DIARY-Federal Reserve Events
Denotes a new entry. -------------------------------------------------------- Federal Open Market Committee (FOMC) MEETING DATES: 2026January 27-28 (second day: statement released 1400 EST/1900 GMT; news conference expected 1430 EST/1930 GMT)March 17-18 (second day: statement releas...Reuters
Tue, Dec 16
Silver miners fall as investors turn wary ahead of year-end US data
U.S.-listed shares of silver miners dip premarket, tracking prices of the white metal GOL/Spot silver XAG= fell 1.4% to $63.03/ounce, after touching a record high of $64.65 on FridayPrices slid as investors turn cautious ahead of key U.S. jobs and inflation data, which could provide cues for Federal...Reuters
Tue, Dec 16
UK's FTSE 100 falls as oil, defence stocks weigh; domestic unemployment climbs
FTSE 100 down 0.3%; FTSE 250 flat UK labour market shows strain, unemployment rises to 5.1%BoE expected to cut interest rates amid economic concerns Dec 16 (Reuters) - London's FTSE 100 slipped on Tuesday, weighed by losses in energy and defence stocks, while investors assessed fresh jobs dat...Reuters
Tue, Dec 16
Energy companies fall on Russia-Ukraine peace deal talks
U.S. energy firms fall premarket, tracking decline in crude pricesBrent crude futures LCOc1 down 1.5% at $59.67 a barrel; U.S. West Texas Intermediate (WTI) crude CLc1 down 1.6% at $55.90 a barrelPrices fall as prospects for a Russia-Ukraine peace deal appear to strengthen, raising expectations of a...Reuters
Tue, Dec 16
European defence stocks slide amid progress in Ukraine peace talks
Dec 16 (Reuters) - European defence stocks fell on Tuesday after U.S. officials offered on Monday to provide NATO-style security guarantees for Kyiv under a proposed peace deal with Russia, following two days of talks in Berlin."I think we're closer now than we have been ever," U.S. Pres...Reuters
Tue, Dec 16
Aldeyra falls after FDA extends review of eye disease drug
Shares of Aldeyra Therapeutics ALDX.O fall 15.5% to $3.37 premarketCo says U.S. FDA has extended the review of its drug reproxalap for treating symptoms of dry eye diseaseSays FDA will now give its decision on March 16, 2026, instead of its previous action date of December 16The FDA has made no othe...Reuters
Tue, Dec 16
GLOBAL MARKETS-European stocks fall as traders wait for US jobs data, dollar steady
US jobs data for October and November due on TuesdayBoE, ECB and BoJ meet later in the weekOil drops below $60 a barrel for first time in monthsBy Elizabeth Howcroft PARIS, Dec 16 (Reuters) - European stocks fell in early trading on Tuesday, struggling to make gains as traders took a cautious pos...Reuters
Tue, Dec 16
SThree shares jump as US market rebounds, guidance confirmed
US income growth driven by energy and finance sector demandGermany and the Netherlands post double-digit declinesMaintains overall profit outlook for fiscal 2025 and 2026Shares rise as much as 9% Dec 16 (Reuters) - SThree's STEMS.L annual fee income in the United States, its second-biggest ma...Reuters
Tue, Dec 16
LIVE MARKETS-STOXX shakes off early weakness, as Ukraine talks drive price action
STOXX 600 up 0.1%Ukraine peace talks eyedDefence stocks falterWall St futures slideWelcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com STOXX SHAKES OFF EARLY WEAKNESS, AS UKRAINE TAL...Reuters
Tue, Dec 16
Premarket Movers｜B. Riley Surged 25%; IRobot Tumbled 23%; DXYZ Fell 8%; Oracle Down 1%
B. Riley Financial shares surged 25% premarket after reporting Q2 profit of $137.5 million, compared with a loss of $435.6 million a year earlier.iRobot tumbled 23% in premarket after plunging 73% on Monday.DXYZ fell 8% in premarket after dropping 10% on Monday.Oracle kept falling, down 1% in premar...Tiger News
Tue, Dec 16
EMERGING MARKETS-EM stocks sag as investors hunker down before US data
Stocks down 1.3%, currencies slip 0.1%Thai baht on track to end 6-day win streakArgentine FX takes centre stageBy Niket Nishant Dec 16 (Reuters) - Emerging market stocks fell to a three-week low on Tuesday, with a solid year facing a subdued end as a trickle of U.S. data keeps investors on edge....Reuters
Tue, Dec 16
