Bloomberg Markets
SK Hynix Inc.’s planned $29 billion US listing has arbitrage investors dissecting securities filings and peppering brokers with questions about a single unresolved issue: whether the Korean chipmaker’s American depository receipts can be freely exchanged for Seoul-listed shares, a feature that could determine whether price gaps persist between the two markets.
MarketWatch
Wall Street, and Main Street, love their round numbers, as at least four strategists have the same 8,000 year-end target on the S&P 500.
Bloomberg Markets
US stock futures jumped as Micron Technology Inc.’s solid forecast reinforced confidence about demand for artificial intelligence-related chips.
MarketWatch
JPMorgan’s research suggests retail investors are becoming more cautious about levrerage after the market’s recent rally and this may spell trouble for the tech sector in which they have mostly focused.
Bloomberg Markets
The Swiss National Bank must stay ready to either raise or cut interest rates if economic circumstances require it, the International Monetary Fund said.
Yahoo Finance
Bloomberg Markets
Top oil exporter Saudi Arabia appears to be about to restart loading crude at the Ras Tanura terminal inside the Persian Gulf, more than a week after a US-Iran peace deal was struck to free up the region’s petroleum flows.
Financial Times
US chipmaker’s bumper quarterly profits calm investor fears after market sell-off this week
Bloomberg Markets
A swarm of drones struck the Russian city of Ufa, home to three oil refineries owned by the country’s top oil producer, Rosneft PJSC, causing a fire in the local industrial area.