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TD Cowen lowers Expeditors rating to 'sell', cuts PT

BUZZ-TD Cowen lowers Expeditors rating to 'sell', cuts PT ** TD Cowen downgrades rating for logistics provider Expeditors International of Washington EXPD.N to "sell" from "hold" ** Cuts PT to $106 from $112, representing a ~14% downside to the stock's last close ** Says EXPD's outlook worsened as temporary support from Red Sea and port strike to d

FX is going nowhere fast - according to options

BUZZ-COMMENT-FX is going nowhere fast - according to options Oct 14 (Reuters) - Implied volatility serves as a proxy for realized FX volatility when pricing options. For very short-term expiries, implied volatility is currently exceptionally low. Overnight expiry is the next working day at 10-am New York/3-pm London and is the shortest duration option.
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Street View: JPM's strong capital position and fee growth to allay NII headwinds

BUZZ-Street View: JPM's strong capital position and fee growth to allay NII headwinds ** JPMorgan Chase JPM.N on Friday beat profit expectations in the third quarter, fueled by gains in investment banking and rising interest payments ** Median PT of 24 brokerages is $231 - LSEG NON-NII EPS LEVERS MITIGATING RATE-DRIVEN PRESSURES ** Piper Sandler("o
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Dollar hovers near highs as investors parse China's stimulus plans; euro slips

FOREX-Dollar hovers near highs as investors parse China's stimulus plans; euro slips Updates at 1120 GMT Euro falls ahead of ECB meeting, rate cut expected China's fiscal stimulus briefing disappoints investors Bitcoin and ether hit two-week highs By Medha Singh, Vidya Ranganathan SINGAPORE/LONDON, Oct 14 (Reuters) - The dollar hovered near recent highs on Monday as investors digested China's weekend stimulus announcements that some found disappointing, while the euro extended its fall ahead of
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Futures mixed before earnings-heavy week; key economic data on tap

US STOCKS-Futures mixed before earnings-heavy week; key economic data on tap For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Boeing slips after job-cut plans, jet delivery delay B. Riley Financial soars after company says will sell unit Futures: Dow down 0.17%, S&P 500 up 0.15%, Nasdaq up 0.25% Updated at 07:10 a.m.
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India stocks, rupee, swaps, call at close

SNAPSHOT-India stocks, rupee, swaps, call at close . MUMBAI, Oct 14 (Reuters) - STOCKS: The benchmark BSE Sensex .BSESN was up 0.7% at 81,973 points, while the broader NSE index .NSEI rose 0.7% to 25,127, led by heavyweight financials and information technology stocks, while investors awaited the domestic inflation print for clues about the timing of a possible rate cut.

India stocks, rupee, swaps, call at close

SNAPSHOT-India stocks, rupee, swaps, call at close MUMBAI, Oct 14 (Reuters) - STOCKS: The benchmark BSE Sensex .BSESN was up 0.7% at 81,973 points, while the broader NSE index .NSEI rose 0.7% to 25,127, led by heavyweight financials and information technology stocks, while investors awaited the domestic inflation print for clues about the timing of a possible rate cut.

Five reasons to still worry about inflation

LIVE MARKETS-Five reasons to still worry about inflation STOXX 600 down 0.1% Telecoms, utilities lead UK gambling names fall Wall St futures steady Welcome 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 FIVE REASONS TO STILL WORRY ABOUT INFLATION Markets have spent all year worrying about inflation, and while price rises are nearly back at target, and at it in several markets, Deutsche
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America's record 'net debtor' status enters the unknown: McGeever

RPT-COLUMN-America's record 'net debtor' status enters the unknown: McGeever Repeats column first published on Friday; no change to text By Jamie McGeever ORLANDO, Florida, Oct 11 (Reuters) - Foreign investors' claims on Uncle Sam have been greater than U.S. investors' claims overseas for decades, an imbalance that many analysts have long warned may spark a crisis of confidence in the dollar.

America's record 'net debtor' status enters the unknown: McGeever

RPT-COLUMN-America's record 'net debtor' status enters the unknown: McGeever Repeats column first published on Friday; no change to text By Jamie McGeever ORLANDO, Florida, Oct 11 (Reuters) - Foreign investors' claims on Uncle Sam have been greater than U.S. investors' claims overseas for decades, an imbalance that many analysts have long warned may spark a crisis of confidence in the dollar.

Boeing slips after preliminary results, job cuts, 777X delivery delay; brokerages cut PT

BUZZ-Boeing slips after preliminary results, job cuts, 777X delivery delay; brokerages cut PT Updates with brokerage PT cut ** Shares of planemaker Boeing BA.N down 2 .3% to $ 147.6 premarket ** Co on Friday announced it will cut 17,000 jobs and delay first deliveries of its 777X jet by a year ** J.P. Morgan cuts target price to $195 from $235 ** "With cash-burn likely in 1H25 and $4 bln of debt due as well, Boeing should need additional liquidity" - J.P.
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B. Riley jumps on $386 mln deal to sell Great American Group unit to Oaktree

BUZZ-B. Riley jumps on $386 mln deal to sell Great American Group unit to Oaktree Updates ** Shares of investment bank B. Riley RILY.O jump 19.1% to $5.23 premarket ** RILY agrees to sell its appraisal and valuations unit Great American Group to asset manager Oaktree Capital in $386 mln deal ** Bank will get about $203 mln in cash, preferred units

FirstEnergy rises as Jefferies initiates coverage with 'hold'

BUZZ-FirstEnergy rises as Jefferies initiates coverage with 'hold' ** Shares of U.S.-based utility company FirstEnergy FE.N rise ~2% to $43.45 premarket ** Jefferies initiates coverage of stock with "hold" rating ** New price target of $46 represents a 8% upside to the stock's last close ** Brokerage says risk profile for FE will improve by 2024 en

UK to ease bank ring-fencing rules soon, says minister

UPDATE 1-UK to ease bank ring-fencing rules soon, says minister Adds further details, context LONDON, Oct 14 (Reuters) - Britain will soon t ake steps to ease so-called ring-fencing rules on banks introduced after the 2007-09 financial crisis, in order to improve the competitiveness of the country's banking sector, city minister Tulip Siddiq said on Monday.

Jefferies raises PT on Wynn Resorts, citing 'compelling aspects' for Al Marjan

BUZZ-Jefferies raises PT on Wynn Resorts, citing 'compelling aspects' for Al Marjan ** Jefferies raises target price for casino operator Wynn Resorts WYNN.O to $115 from $81; maintains "hold" rating ** New PT represents a 9.78% upside to stock's last close ** However, WYNN shares down nearly 2% at $102 premarket; Reuters could not immediately deter
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Upstart Holdings rises after Wedbush upgrades to 'neutral'

BUZZ-Upstart Holdings rises after Wedbush upgrades to 'neutral' ** Shares of lending platform Upstart Holdings UPST.O rise 3.1% to $48.49 premarket ** Wedbush upgrades to "neutral" from "outperform" ** Raises PT from $10 to $45, which is still 4.3% below stock's last close ** Brokerage says improving credit quality, lower interest rates could boost

J.P. Morgan cuts Triumph Group's rating on risk from Boeing strike

BUZZ-J.P. Morgan cuts Triumph Group's rating on risk from Boeing strike ** J.P. Morgan lowers rating of aircraft parts manufacturer Triumph Group TGI.N to "underweight" from "neutral", cuts PT to $12 from $15 ** "Triumph has high exposure to the strike at Boeing BA.N and remains in a challenged financial position." - JPM ** Brokerage also views TGI
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China ADRs fall as latest domestic stimulus update fails to impress

BUZZ-China ADRs fall as latest domestic stimulus update fails to impress ** U.S.-listed shares of Chinese firms fall premarket as the Saturday news conference in Beijing left investors guessing the overall size of the stimulus package ** Finance Minister Lan Foan reiterated Beijing's broad plans to revive the ailing economy, promising significant i
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World shares stuck, oil tumbles as China stimulus plan too vague for investors

GLOBAL MARKETS-World shares stuck, oil tumbles as China stimulus plan too vague for investors China's stimulus announcement fails to inspire investors Q3 earnings, ECB in focus Oil prices down over 2.5% Updates prices, news throughout By Dhara Ranasinghe and Alun John LONDON, Oct 14 (Reuters) - Stock markets held below last month's record highs on Monday, while the Chinese yuan and oil prices weakened as China's broad economic stimulus promises at the weekend failed to inspire investors across t
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UK domestic banks attractive despite budget uncertainty - UBS

LIVE MARKETS-UK domestic banks attractive despite budget uncertainty - UBS STOXX 600 down 0.1% Telecoms, utilities lead UK gambling names fall Wall St futures steady Welcome 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 UK DOMESTIC BANKS ATTRACTIVE DESPITE BUDGET UNCERTAINTY - UBS Investors are waiting until the new UK budget is revealed on October 30 for clarity, amid concern that the
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