Citi raised its forecast for the average price of WTI crude oil in Quarter 1 to $67/barrel in 2025, and raised its forecast for the average price of Brent crude oil from $65/barrel to $71/barrel.
Russian companies have started using bitcoin and other digital currencies in Global Payments after legislative changes to allow them in response to Western sanctions, Russian Finance Minister Anton Siluanov said on Wednesday. This year, Russia allowed the use of cryptocurrencies in foreign trade and has taken steps to legalize the mining of cryptocurrencies, including bitcoin. Russia is one of the leading countries in the world for bitcoin mining. Siluanov said: "Such transactions...
On December 13, Wang Qing, chief macro analyst of Dongfang Jincheng, said that the counter-cyclical adjustment of fiscal policy is "extraordinary", which may be mainly reflected in a relatively large increase in the deficit rate. It is expected that the deficit rate will be raised from 3% this year to about 4% next year (increasing the fiscal spending capacity equivalent to 1.30 trillion). Under the more active fiscal policy, it is expected that the national general public budget expenditure wil...
Barclays analysts said they raised their price target for MicroStrategy (MSTR. O) to $515 from $275. At press time, MicroStrategy was now trading at $402.
Stifel: Raised its target price for Tesla (TSLA. O) to $411 from $287.
Traders downgraded their expectations for the probability of the Federal Reserve cutting rates in December to around 50%.
Citi: Upgraded its 0-3 month gold price forecast to $2,800 per ounce (previously forecast was $2,700 per ounce).
Citi: Upgraded its silver price forecast for the next 6 to 12 months to $40 an ounce (previously forecast was $38 an ounce).
Citi said it raised its 0-3 month gold price forecast to $2,800 an ounce (from a previous forecast of $2,700 an ounce) and its silver price forecast for the next six to 12 months to $40 an ounce (from a previous forecast of $38 an ounce).
Benchmark has raised its price target on MicroStrategy's stock to $245 from $215, and analyst Mark Palmer believes that the company's bitcoin holdings and the value of its software business will continue to grow. He also believes that the company's high share price is justified because it offers more value than just holding a large amount of bitcoin.
Bank of America cut its price target on Intel (INTC. O) to $23 from $35 and downgraded its rating to "underperform" from "neutral".
According to the Nikkei News, the Bank of Japan is considering raising its policy rate to 0.25% at its meeting that ends on Wednesday, and is also considering a decision to reduce the size and pace of its monthly purchases of Japanese government bonds.
The Treasury cut its July-September borrowing forecast to $740 billion from $847 billion.
Morgan Stanley: Raised its price target for NVIDIA (NVDA. O) to $144.00 from $116.00.