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Real-time News
Jefferies: Raises target price for Broadcom (AVGO.O) from $480 to $500.On December 12th, Goldman Sachs upgraded Standard Chartered (02888.HK) from "Neutral" to "Buy" and raised its target price by 21%, from HK$168 to HK$203. The bank believes that despite Standard Chartereds Hong Kong-listed shares rising 83% this year, there is still room for further revaluation. Goldman Sachs expects Standard Chartereds underlying risk-adjusted return on equity (ROTE) to reach 14.6% by the end of this year, exceeding managements ROTE guidance of 13%, and further rising to 15% in 2027 and 15.7% in 2028. Therefore, the bank expects Standard Chartered to raise its medium-term ROTE guidance in its 2025 financial report or at its investor day event in May 2026, which could be a further catalyst for the stock price.The Russian Ministry of Defense stated that it shot down 90 Ukrainian drones in several regions of Russia last night.Goldman Sachs: It expects AI-driven productivity gains to boost S&P 500 earnings per share by 0.4% in 2026 and 1.5% in 2027.December 12th - In response to the 6.7 magnitude earthquake that struck off the coast of Aomori Prefecture at 11:44 AM local time today (December 12th) and the tsunami observed in various locations, the Japan Meteorological Agency held a press conference at noon today. Shinji Kiyomoto, the agencys Earthquake and Tsunami Countermeasures Planning Officer, urged the public, "In areas where tsunami warnings have been issued, there is danger in the sea and near the coast. Please stay away from the shore. As tidal currents will remain relatively strong, please do not go into the sea or approach the coast until the warning is lifted." Kiyomoto also pointed out at the press conference, "Since the 7.5 magnitude earthquake that occurred late on December 8th off the coast of Aomori Prefecture, seismic activity in the surrounding area has become more active and the area of activity has continued to expand. This earthquake occurred on the eastern side of this active area. Since December 8th, several earthquakes of around magnitude 6 have occurred in the relevant sea areas, and this earthquake is one of them. Therefore, the Japan Meteorological Agency believes that seismic activity remains active."
