>>> Up
* Academedia Raised to Hold at SEB Equities; PT 105 kronor
* Academedia Raised to Hold at SEB Equities; PT 105 kronor
* Deutz PT Raised to 19 euros at MP Capital Markets (+)
* DFDS PT Raised to 190 kroner from 160 kroner at RBC
* DNB Bank Raised to Equal-Weight at Morgan Stanley; PT 330 kroner
* Draegerwerk Raised to Add at AlphaValue/Baader (+)
* Drax Raised to Buy at Goldman; PT 1,020 pence
* EDP SA Raised to Buy at Jefferies; PT 5.40 euros
* Kazatomprom GDRs Raised to Overweight at JPMorgan; PT $91
* Merck KGaA Raised to Buy at HSBC; PT 170 euros
* Montana Aerospace Raised to Outperform at ZKB (+)
* Orsted Raised to Outperform at RBC; PT 180 kroner
* Reckitt Raised to Overweight at JPMorgan; PT 6,500 pence
* Robinhood Raised to Overweight at Morgan Stanley; PT $150
* Shaftesbury Capital Raised to Overweight at Morgan Stanley
* Straumann Raised to Buy at UBS; PT 115 Swiss francs (from 90 CHF)
* Swedbank Raised to Equal-Weight at Morgan Stanley; PT 386 kronor
* WDP Raised to Overweight at Morgan Stanley; PT 27 euros
>>> Down
* Atea Cut to Neutral at SB1 Markets; PT 180 kroner
>>> Down
* Atea Cut to Neutral at SB1 Markets; PT 180 kroner
* CMB Tech Cut to Hold at Fearnley; PT 17.23 euros
* Colonial SFL Socimi Cut to Equal-Weight at Morgan Stanley
* Givaudan cut from Buy to Hold at Jefferies, PT cut from 3,700 to 3,030 CHF
* Nordea Bank Cut to Equal-Weight at Morgan Stanley; PT 19 euros
* Prosus Cut to Equal-Weight at ABSA Securities; PT 44.92 euros
* SAP Cut to Neutral at Grupo Santander; PT 194.69 euros
* Standard Life Cut to Neutral at UBS; PT 1,015 pence
* Unite Group Cut to Equal-Weight at Morgan Stanley; PT 600 pence
>>> Initiation
* Accor Resumed Buy at Deutsche Bank; PT 55 euros (+)
* Airbnb Rated New Buy at Rosenblatt Securities Inc
* Arista Networks Rated New Buy at Deutsche Bank
* Cisco Rated New Buy at Deutsche Bank
* Coherent Corp Rated New Buy at Deutsche Bank
* Ctek Rated New Buy at SB1 Markets; PT 21 kronor
* Dell Technologies Rated New Hold at Deutsche Bank
* DoorDash Rated New Buy at Rosenblatt Securities Inc
* Expedia Rated New Neutral at Rosenblatt Securities Inc
* HP Enterprise Rated New Buy at Deutsche Bank
* Know IT Rated New Neutral at SB1 Markets; PT 105 kronor
* Lyft Rated New Neutral at Rosenblatt Securities Inc
* Micron Rated New Outperform at Safra; PT $1,500
* NIOX GROUP PLC Reinstated Buy at Cavendish; PT 83 pence
* Proact IT Rated New Buy at SB1 Markets; PT 168 kronor
* Proact IT Rated New Buy at SB1 Markets; PT 168 kronor
* Spie Rated New Buy at Deutsche Bank; PT 57 euros
* Technogym Rated New Buy at Marex; PT 28 euros (+)
* Uber Rated New Buy at Rosenblatt Securities Inc
* Vertiseit Rated New Buy at SB1 Markets; PT 71 kronor
* Viridien Rated New Buy at Goldman; PT 118 euros
>>> Call
>>> Call
* AcadeMedia Raised to Hold at SEB on Performance After Derating (+)
* EDP Raised to Buy at Jefferies; E.On, RWE Also Top Utility Picks (+)
* Drax Gets Another Upgrade as Goldman Says Buy on Cash Generation (+)
* Reckitt Raised, Heineken, Unilever on Catalyst Watch at JPMorgan
* Morgan Stanley Takes More Constructive View on Nordic Banks
* Some Positive Signs in European Property, Morgan Stanley Says
* Booking, Airbnb, and Uber All Rated New Buys at Rosenblatt
* Booking, Airbnb, and Uber All Rated New Buys at Rosenblatt
* Morgan Stanley, Citi Push Law Firms to Cut Fees Due to AI: FT
* Orsted Offers Strong Balance Sheet Optionality, RBC Upgrades (+)
* Standard Life Downgraded at UBS After ‘Justified’ Outperformance (+)
* Viridien Gets New Buy at Goldman on Geoscience Business Hope (+)
US carrier visit to Thailand's Pattaya lifts hope and sex-tourism risk
- USS Abraham Lincoln is due to dock after more than 200 consecutive days at sea
- Pattaya mayor says each US service member could spend up to 3,000 baht per day ashore
- Local police plan extra patrols and drone monitoring around beachfront and night life district
BANGKOK, Aug 31 (Reuters) - After a long deployment in the Middle East, a U.S. Navy aircraft carrier will dock in Thailand's resort city of Pattaya this week, raising hopes of an economic boost, even as local authorities cracked down on parts of the sex tourism destination.
The Abraham Lincoln is due to dock on Wednesday at nearby Laem Chabang, with two accompanying Navy vessels, to allow nearly 5,000 sailors and Marines aboard to rest and recuperate after over 200 days at sea, according to Thai officials.
Ahead of its arrival, police are preparing additional patrols around Pattaya's main beachfront and nightlife district besides raids over the weekend that led to 40 to 50 people in detention for suspected prostitution, officials said.
"We are doing our best, but it is difficult," Pattaya police chief Anek Srathongyoo said on Monday, explaining that sex workers could potentially solicit in public areas without the knowledge of the authorities.
Prostitution is illegal in Thailand and, despite occasional crackdowns, the sex industry is openly visible in major tourism hubs, including parts of Bangkok and Pattaya.
The Lincoln left its home port of San Diego in November and was later redirected to the Middle East to support military operations in the U.S.-Israeli war with Iran — setting a modern-day record for consecutive days at sea, according to Democratic lawmakers.
But the prolonged deployment has also brought with it reports of mental health concerns and deteriorating conditions aboard, with two military-focused outlets this month describing suicide attempts and declining morale on the ship.
In Pattaya, a fishing village partly transformed into a tourism centre on the back of U.S. servicemen seeking succour during the Vietnam War, some are hoping for a financial boost.
Each U.S. military personnel could spend 1,000 to 3,000 baht per day ($30 to $91), depending on how long they stayed ashore and whether they stayed overnight, said Pattaya Mayor Poramase Ngampiches.
Shore leave is typically staggered, meaning not all personnel will step off the vessels at the same time.
"It should help stimulate Pattaya's economy in the short term," Poramase said.
RISK OF SEXUAL EXPLOITATION
But money may also flow into the unseemly part of Pattaya's entertainment industry, so massive that the U.S. Federal Bureau of Investigation described it a decade ago as "one of the world's leading sex tourism destinations."
"The risk to health and safety, as the influx of a large number of customers may increase the likelihood of sexual exploitation and the spread of sexually transmitted diseases," said Pipatpong Fakfare, an associate professor at Bangkok University's School of Humanities and Tourism Management.
He also pointed to reports of stress and suicide attempts among personnel aboard the aircraft carrier that add another layer of concern.
The overall commercial impact on Pattaya, which has over 300,000 rooms, would depend partly on where personnel chose to spend their time, as some could travel to the capital Bangkok, said Thanet Supornsahasrungsi, president of the Association of Chonburi Tourism Federation.
"When we heard the news that a U.S. Navy warship would be docking in Pattaya, it became a source of hope for us," said Lisa Hamilton, president of the Pattaya Nightlife Business Association.
"I have lived in Pattaya for more than 20 years, and I have never seen any year as slow as this one."
($1 = 32.9500 baht)
Global bonds fell, pushing yields to multi-decade highs, as concern over quicker inflation boosted bets on a Federal Reserve interest-rate hike this month. Oil climbed as geopolitical tensions flared. The Treasury 10-year yield climbed three basis points to 4.78%, the highest level since January 2025. Japan’s 10-year yield rose five basis points to a three-decade high of 2.99%, while its Australian counterpart hit the highest level since 2011. The yield on a Bloomberg gauge of global government debt advanced for a fourth straight day on Monday, rising to 3.72%, the highest since mid-2008. Bond yields climbed as traders boosted the odds of a September Fed rate hike to 74%, according to data compiled by Bloomberg based on swaps. The pricing was just 34% the day before Fed Chair Kevin Warsh spoke about reining in inflation at Jackson Hole on Friday. Brent crude advanced 0.8% to about $91.20 a barrel amid renewed fighting in the Middle East. The US and Iran exchanged strikes for the first time in about a month as American forces hit an island in the Strait of Hormuz and the Islamic Republic responded by launching attacks on the United Arab Emirates and Jordan. While bond yields and oil are rising, there was little spillover into the broader equity market. MSCI’s Asia Pacific equities gauge edged 0.3% higher, led by Taiwanese shares. MediaTek Inc. shares jumped 9.9% in Taipei trading after Nvidia Corp. said it’s investing $3.5 billion in the chipmaker. Investors are demanding greater compensation to hold bonds after years of heavy government spending, persistent inflation and a surge in corporate borrowing to finance the artificial-intelligence buildout. Warsh’s tough stance on price pressures has put added focus on this week’s US payrolls report for its potential impact on the interest-rate outlook. Elsewhere, Shein Global Holdings Ltd. shares fell as much as 10% in Hong Kong after raising HK$13.6 billion ($1.7 billion) in an initial public offering. Traders are also closely monitoring the yen as the currency traded near 160 versus the dollar, raising the risk that authorities may enter the market again to slow its decline. The yen has unwound more than half the gains it made during a record bout of intervention that began in late July. Separately, US Treasury Secretary Scott Bessent told Japanese Finance Minister Satsuki Katayama and Bank of Japan Governor Kazuo Ueda that further interest-rate hikes were needed, NHK reported, citing an interview with a US official. Bonds remained in focus. Not since 2006 have yields on the longest-maturity Treasuries been this high for this long, with a gaping budget deficit, another wave of corporate issuance and a potentially decisive Fed meeting expected to keep investors wary in coming weeks. The yield on the 30-year bond hit 5.34% in mid-August, its most elevated since 2007 and just 10 basis points away from the highest level in 22 years. As of Monday, the yield has settled above 5% on 55 days since the start of January, the most closes above that mark in any year since 2006, data compiled by Bloomberg show. The yield was at 5.27% on Tuesday. US After Hours EAF +5.3% after closing manufacturing facility; MTUS -3% and GBX -1.5% lower on CEO transitions.
Nikkei +0.19% Hang Seng -1.11% CSI +0.02% Kospi +0.15% Shanghai +0.08% Shenzen -0.37%
Eur$ 1.1605 CNH 6.7209 CNY 6.7210 JPY 159.83 GBP 1.3542 CHF 0.8098 RUB 86.3001 TRY 48.2782 WTI$ 86.72 +1.08% Gold 4,432 -0.05% BTC 78,628 -0.21% ETH 2,471.60 +0.09%
S&P +0.03% Nasdaq +0.03% EuroStoxx -0.09% FTSE -0.38% Dax -0.23% SMI +0.20%
Macro :
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- Polymarket Funding Round Led By 1789 Values Firm at $21 Billion
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- AI FP : Elliott builds stake in French industrial gas group Air Liquide
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- BNZL LN : Dormakaba to Simplify Ownership Structure, Reduce Board Size
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- CE US : Celanese To Sell 19% Nutrinova Stake to Mitsui for ~$152m
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- DLEKG IT : *DELEK EXTENDS GAIN TO SESSION-HIGH 3.4% ON US BIOFUEL WAIVERS
- DOKA SW : Dormakaba FY Net Sales Meet Estimates
- EL FP : Two Del Vecchio Heirs Win Approval to Move Delfin Stakes: MF
- ITX SM : Fast-fashion giant Shein's shares fall after Hong Kong trading debut that spotlights its China roots
- KTN GY : Kontron Wins Railway Communication Networks Contract in Romania
- LI US : Li Auto Aug. Vehicle Deliveries 37,679 Units Vs. 28,529 Y/y, To Expand Battery EV Lineup With Flagship Family SUV Li i9 in Mid-September
- 2454 TT : MediaTek Secures $3.5 Billion Investment from Nvidia; Shares Jump 10%
- 8031 JP : Mitsui & Co. to Acquire Additional 19% Stake in Nutrinova
- MUX GY : Mutares Buys Ameriterpenes From Symrise; no Terms
- NIO US : NIO Inc. Aug. Deliveries 35,836 Vs. 35,934 M/M, NIO Shares Drop 9% After Saying August Deliveries Almost Flat
- NOVN SW : Novartis’ Remibrutinib Met Primary Endpoints in Phase III Trials
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- NVDA US : Nvidia Mega-Deal Ushers MediaTek Into Top AI Chipmaker Club
- PGHN SW : Partners Group 1H Profit Misses Estimates, Partners Group Appoints New Co-CEOs as Performance Fees Slump
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- PUUILO FH : Puuilo Raises FY Sales, Adj. Ebita Outlook
- RNO FP : France August Car Registrations Rise 7.4% on Year
- STLA US : BYD Asked About Taking Over Canada Stellantis Plant, Mayor Says
- STLA IM : France August Car Registrations Rise 7.4% on Year
- SYK US : Stryker To Buy ZuriMED to Bolster Shoulder Offering
- SHLN SW : Swiss Life 1H Operating Profit CHF967M; Plans CHF250m Buyback
- SY1 GY : Mutares Buys Ameriterpenes From Symrise; no Terms
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- UBSG SW : UBS Can Meet Half of New Capital Need Via AT1, Lawmakers Say
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- UCB BB : UCB Fintepla Findings Show Outcomes Beyond Seizure Reduction
- DG FP : Vinci Taps Investment Services Company for EUR250 Million Share Repurchase
- WELA US : Wella Files IPO on NYSE Under Ticker ‘WELA’
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>>> Up
* Academedia Raised to Hold at SEB Equities; PT 105 kronor
* Academedia Raised to Hold at SEB Equities; PT 105 kronor
* DFDS PT Raised to 190 kroner from 160 kroner at RBC
* DNB Bank Raised to Equal-Weight at Morgan Stanley; PT 330 kroner
* Drax Raised to Buy at Goldman; PT 1,020 pence
* EDP SA Raised to Buy at Jefferies; PT 5.40 euros
* Kazatomprom GDRs Raised to Overweight at JPMorgan; PT $91
* Merck KGaA Raised to Buy at HSBC; PT 170 euros
* Orsted Raised to Outperform at RBC; PT 180 kroner
* Reckitt Raised to Overweight at JPMorgan; PT 6,500 pence
* Robinhood Raised to Overweight at Morgan Stanley; PT $150
* Shaftesbury Capital Raised to Overweight at Morgan Stanley
* Straumann Raised to Buy at UBS; PT 115 Swiss francs (from 90 CHF)
* Swedbank Raised to Equal-Weight at Morgan Stanley; PT 386 kronor
* WDP Raised to Overweight at Morgan Stanley; PT 27 euros
>>> Down
* Atea Cut to Neutral at SB1 Markets; PT 180 kroner
>>> Down
* Atea Cut to Neutral at SB1 Markets; PT 180 kroner
* CMB Tech Cut to Hold at Fearnley; PT 17.23 euros
* Colonial SFL Socimi Cut to Equal-Weight at Morgan Stanley
* Givaudan cut from Buy to Hold at Jefferies, PT cut from 3,700 to 3,030 CHF
* Nordea Bank Cut to Equal-Weight at Morgan Stanley; PT 19 euros
* Prosus Cut to Equal-Weight at ABSA Securities; PT 44.92 euros
* SAP Cut to Neutral at Grupo Santander; PT 194.69 euros
* Standard Life Cut to Neutral at UBS; PT 1,015 pence
* Unite Group Cut to Equal-Weight at Morgan Stanley; PT 600 pence
>>> Initiation
* Airbnb Rated New Buy at Rosenblatt Securities Inc
* Arista Networks Rated New Buy at Deutsche Bank
* Cisco Rated New Buy at Deutsche Bank
* Coherent Corp Rated New Buy at Deutsche Bank
* Ctek Rated New Buy at SB1 Markets; PT 21 kronor
* Dell Technologies Rated New Hold at Deutsche Bank
* DoorDash Rated New Buy at Rosenblatt Securities Inc
* Expedia Rated New Neutral at Rosenblatt Securities Inc
* HP Enterprise Rated New Buy at Deutsche Bank
* Know IT Rated New Neutral at SB1 Markets; PT 105 kronor
* Lyft Rated New Neutral at Rosenblatt Securities Inc
* Micron Rated New Outperform at Safra; PT $1,500
* NIOX GROUP PLC Reinstated Buy at Cavendish; PT 83 pence
* Proact IT Rated New Buy at SB1 Markets; PT 168 kronor
* Proact IT Rated New Buy at SB1 Markets; PT 168 kronor
* Spie Rated New Buy at Deutsche Bank; PT 57 euros
* Uber Rated New Buy at Rosenblatt Securities Inc
* Vertiseit Rated New Buy at SB1 Markets; PT 71 kronor
* Viridien Rated New Buy at Goldman; PT 118 euros
>>> Call
>>> Call
* Reckitt Raised, Heineken, Unilever on Catalyst Watch at JPMorgan
* Morgan Stanley Takes More Constructive View on Nordic Banks
* Some Positive Signs in European Property, Morgan Stanley Says
* Booking, Airbnb, and Uber All Rated New Buys at Rosenblatt
* Booking, Airbnb, and Uber All Rated New Buys at Rosenblatt
* Morgan Stanley, Citi Push Law Firms to Cut Fees Due to AI: FT