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Real-time News
Jefferies raised its target price for Marathon Petroleum (MRO.N) from $279 to $296.
Jefferies: Raises its price target for Phillips 66 (PSX.N) from $173 to $191.
On May 26, according to South Koreas Joint Chiefs of Staff, North Korea launched an unidentified projectile into the western waters of the Korean Peninsula. North Korean officials have not yet released any official statement on the matter.
Futures Market News, May 26th: Wheat prices remained generally stable today. Currently, we are in a transition period between old and new wheat varieties, and flour mills have rigid demand for stockpiling. Coupled with low stocks of old wheat, this provides support for wheat prices. Although old wheat prices are supported in the short term, the overall situation of ample supply and weak downstream demand remains unchanged. Flour mills are operating at low capacity, maintaining a just-in-time purchasing model. The emergence of low-priced sprouted wheat provides feed companies with new options. Short-term prices may remain stable with a slight upward bias. Attention should be paid to weather changes in producing areas.
The National Bank of Kyrgyzstan kept its policy rate unchanged at 12.0%.