Markets The market setup today was broadly similar to yesterday. Despite multiple execution risks surrounding the US-Iran agreement, markets have adjusted positioning to reflect at least some improvement in supply disruptions and a moderation of inflation pressures. Brent crude holding below USD 80/bbl remains a key barometer of that view. Economic data are still somewhat […]
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Lennar’s (LEN) asset-light strategy was intended to make the homebuilder more nimble. Bank of America also said it might complicate the earnings story. The brokerage restated its Underperform rating on Lennar, cutting its price target Read more…
Brent fell over 15% in past four days, after the story about US-Iran peace agreement gained momentum, and neared levels it traded at the beginning of war. Growing optimism that the conflict may end soon Read more…
Retail and food services sales rose 0.9% month-over-month (m/m) in May, ahead of consensus expectations for a 0.5% gain. Higher prices were once again part of the story but not all of it, with inflation-adjusted Read more…