Early premarket gappers
- Gapping up:
- CANO +6.4%, CORT +4.5%, LPLA +4.1%, IMAX +3%, XRAY +3%, FTI +2.6%, CBTX +1.5%, VXX +1.5%, CAMP +0.6%
- Gapping down:
- EDAP -5.8%, SCHL -4.4%, IONS -4.2%, BJ -4%, COST -3.4%, DIBS -2.9%, AZN -2.9%, USO -2.7%, MOS -2.3%, QCOM -2.2%, ROKU -2.1%, SLV -1.9%, DOCU -1.8%, TGT -1.3%, QQQ -1.3%, IWM -1.3%, APEI -1.3%, GPRE -1.2%, BLDP -1.2%, BA -1.1%, SPY -1.1%, GLD -1.1%, WMT -1%, DIA -1%, PVH -0.9%, PFE -0.8%
>>> Up
* ContextVision AB Raised to Buy at SpareBank; PT 11.50 kroner
* Intertek Raised to Outperform at Oddo BHF; PT 4,500 pence
* UCB Raised to Buy at Jefferies; PT 89 euros
>>> Down
* Acciona Energia Cut to Neutral at Citi; PT 42 euros
* Asos Cut to Sector Perform at RBC; PT 1,000 pence
* Avance Gas Cut to Hold at Arctic Securities; PT 45 kroner (+)
* Bureau Veritas Cut to Underperform at Oddo BHF; PT 25 euros
* BW LPG Cut to Hold at Arctic Securities; PT 65 kroner (+)
* Fnac Darty Cut to Underperform at Oddo BHF; PT 36 euros
* Hypoport Cut to Sell at Hauck & Aufhaeuser; PT 70 euros (+)
* Kaufman & Broad Cut to Neutral at Oddo BHF; PT 28 euros
* Neoen Cut to Sell at Citi; PT 37 euros
* Nexity Cut to Underperform at Oddo BHF; PT 27 euros
* SMCP Cut to Neutral at Oddo BHF; PT 8 euros
* THG PLC Cut to Hold at HSBC; PT 45 pence
* Tritax Big Box Cut to Underweight at Barclays; PT 155 pence (+)
* Valneva Cut to Neutral at Goldman; PT 8 euros
* Valneva ADRs Cut to Neutral at Goldman; PT $16
* WDP Cut to Underweight at Barclays; PT 25 euros (+)
>>> Initiation
* 1&1 Rated New Hold at Deutsche Bank; PT 21 euros
* Experian Rated New Outperform at Autonomous; PT 3,300 pence
* LPKF Rated New Buy at Stifel; PT 17 euros
* Redde Northgate Rated New Hold at Berenberg; PT 335 pence (+)
* Speedy Hire Rated New Buy at Berenberg; PT 52 pence (+)
* Tatton Asset Management Rated New Outperform at RBC
* Veolia Rated New Neutral at Citi; PT 21 euros
* Wihlborgs Rated New Underweight at Barclays; PT 60 kronor (+)
>>> Call
* Asos Downgraded at RBC as Competitive Advantage Narrows (+)
* Citi Cuts Renewables on Lack of Momentum to Offset Valuations (+)
* Goldman Slashes S&P 500 Target Citing Higher Path for Fed Rates
* Income Strategy to Remain in Vogue Ahead of Recession: Jefferies
* Leading Luxury-Earnings Upgrades At Odds With Share-Price Drops
* Veolia Initiated at Neutral by Citi as Macro Risks Weigh (+)
- GSK (GS71 TH) +2.6%
- Rio Tinto (RIO1 TH) +1.5%
- Iron Ore Fluctuates as China Steel Hub Tangshan Lifts Lockdowns
- Anglo American (NGLB TH) +1.4%
- Copper Demand’s Staying Power Can Defy a Coming Speed Bump
- Novozymes (NZM2 TH) +1.3%
- Commerzbank (CBK TH) +1.1%
- European Banks’ $100 Billion LLP Risk Not That Scary: BI Focus
- Alstom (AOMD TH) +0.9%
- E.On (EOAN TH) +0.6%
- Symrise (SY1 TH) +0.5%
- Encavis (ECV TH) +0.5%
- Zalando (ZAL TH) +0.5%
- TUI (TUI1 TH) -0.5%
- Prosus (1TY TH) -0.5%
- Shell (R6C0 TH) -0.7%
- Evotec SE (EVT TH) -0.9%
- WDP (WPHB TH) -1.7%
- WDP Cut to Underweight at Barclays; PT 25 euros
- Scout24 SE (G24 TH) -2%
DAX:
- Zalando (ZAL TH) +1.3%
- Fresenius SE (FRE TH) +1%
- Siemens (SIE TH) +0.9%
- BASF (BAS TH) +0.8%
- Vonovia (VNA TH) +0.7%
MDAX:
- Aroundtown (AT1 TH) +2.9%
- Commerzbank (CBK TH) +1.3%
- Telefonica Deutschland (O2D TH) +0.7%
- TeamViewer (TMV TH) +0.6%
- ProSieben (PSM TH) +0.5%
- Evotec SE (EVT TH) -0.9%
- Scout24 SE (G24 TH) -1.7%
SDAX:
- Salzgitter (SZG TH) +0.7%
- flatexDEGIRO (FTK TH) +0.6%
- Hamborner REIT (HABA TH) +0.6%
- Nordex (NDX1 TH) +0.5%
- Heidelberger Druck (HDD TH) -0.7%
- SUSE (SUSE TH) -1%
- Uniper (UN01 TH) -1.7%
- Hypoport (HYQ TH) -24%
- Hypoport Pulls Year View as Customers Delay Property Purchases
>>> Up
* ContextVision AB Raised to Buy at SpareBank; PT 11.50 kroner
* Intertek Raised to Outperform at Oddo BHF; PT 4,500 pence
* UCB Raised to Buy at Jefferies; PT 89 euros
>>> Down
* Acciona Energia Cut to Neutral at Citi; PT 42 euros
* Asos Cut to Sector Perform at RBC; PT 1,000 pence
* Bureau Veritas Cut to Underperform at Oddo BHF; PT 25 euros
* Fnac Darty Cut to Underperform at Oddo BHF; PT 36 euros
* Kaufman & Broad Cut to Neutral at Oddo BHF; PT 28 euros
* Neoen Cut to Sell at Citi; PT 37 euros
* Nexity Cut to Underperform at Oddo BHF; PT 27 euros
* SMCP Cut to Neutral at Oddo BHF; PT 8 euros
* THG PLC Cut to Hold at HSBC; PT 45 pence
* Valneva Cut to Neutral at Goldman; PT 8 euros
* Valneva ADRs Cut to Neutral at Goldman; PT $16
>>> Initiation
* 1&1 Rated New Hold at Deutsche Bank; PT 21 euros
* Experian Rated New Outperform at Autonomous; PT 3,300 pence
* LPKF Rated New Buy at Stifel; PT 17 euros
* Tatton Asset Management Rated New Outperform at RBC
>>> Call
* Goldman Slashes S&P 500 Target Citing Higher Path for Fed Rates
* Income Strategy to Remain in Vogue Ahead of Recession: Jefferies
* Leading Luxury-Earnings Upgrades At Odds With Share-Price Drops
* Veolia Rated New Neutral at Citi; PT 21 euros
Asian stocks headed for a sixth weekly decline following another day of losses for US shares and surging Treasury yields that underscore expectations for tighter monetary policy and a slowing global economy. Equities fell Friday in Hong Kong, Australia and South Korea after the S&P 500 closed at the lowest level since June. US futures fluctuated.
The 10-year Treasury yield soared 18 basis points to pierce 3.7% on Thursday, its highest in a decade as investors weighed the risk of recession. Yields in Asia pushed higher, led by a jump of more than 20 basis points in Australia as trading resumed there after a holiday. There is no trading of cash Treasuries in Asian hours with markets closed in Japan for Autumnal Equinox Day. A dollar gauge held near a record high after a day of dramatic moves in currency markets that saw Japan intervene to prop up the ailing yen for the first time since 1998. The offshore yuan weakened in the face of efforts to slow the depreciation, with the People’s Bank of China setting the daily reference rate stronger than expected for a 22nd day. Japan’s intervention hasn’t addressed the underlying cause of yen weakness -- the yawning gap between Japan’s ultra-loose monetary policy and rising rates in other countries -- leaving the currency vulnerable. Rate hikes overnight in the UK, Switzerland and Norway, along with increases Thursday in Asia in the Philippines, Indonesia and Taiwan, look set to damp market sentiment in the region. The Federal Reserve has given its clearest signal yet that it’s willing to tolerate a recession as the necessary trade-off for regaining control of inflation, with officials forecasting a further 1.25 percentage points of tightening before year-end. Gold fluctuated and Bitcoin pushed higher, extending gains to a second day, while remaining below $20,000. Oil clung to a slight gain as it headed toward a fourth weekly loss. US After Hours DOCU +1.2% higher as it names Google exec as CEO; COST -2.6% lower on earnings; GWRE +2.6% higher on share buyback news; BA +0.2% as it settles SEC case
Nikkei -0.58% Hang Seng -0.80% CSI -0.32% Shanghai -0.50% Shenzen -1.05%
Eur$ 0.9828 CNH 7.1057 CNY 7.1000 JPY 142.19 GBP 1.1236 CHF 0.9779 RUB 59.1150 TRY 18.3473 WTI$ 82.91 -0.69% Gold 1,669 -0.13% BTC 19,430 +0.96% ETH 1347 +1.73%
S&P -0.11% Nasdaq -0.20% EuroStoxx +0.20% FTSE +0.20% Dax +0.23% SMI +0.23%
Macro :
- Abby Joseph Cohen Says ‘Erratic’ Stocks Show Investor Dilemma
- Goldman Slashes S&P 500 Target to 3,600 from 4,300 Citing Higher Path for Fed Rates
- Income Strategy to Remain in Vogue Ahead of Recession: Jefferies
Keep an eye on :
- AVV LN : Aveva Investor Mawer Plans to Reject Schneider Takeover: FT
- AZELIO SS : Azelio Offers SEK300 million Shares at SEK1.48/Share
- BP/ LN : BP Keeps Contractors Out of Fire-Damaged Toledo To October
- ALCLS FP : Cellectis: Evaluating Options, Remedies for Servier Pact
- CLOUD NO : Cloudberry Clean Energy Offering Prices at NOK15.50/Share
- 1COV GY : Covestro CEO: Investments in Europe Unlikely Due to Energy Costs
- ERICB SS : Ericsson Exported to Russia Despite Sanctions, Radio Sweden Says
- EL FP : EssilorLuxottica to Buy Back as Many as 1.5M Shares
- GREEN BB : Greenyard Closes New Financing Agreement for EU420M
- HYQ GY : Hypoport Pulls Year View as Customers Delay Property Purchases
- KESKOB FH : Kesko to Invest More Than EU300m in Finnish Logistics Center
- MADE LN : Made.com to Shed More Than a Third of Its Workforce: FT
- MMT FP : MFE to Present Non-Binding Cash Offer for M6 Stake: Stampa
- MITRA BB : Mithra Pharma 1H Revenue EU11.4M Vs. EU12.1M Y/y
- MRW LN : Morrison COO Strain in Talks to Leave the Company: Sky
- ONCO SS : Oncopeptides Cancer Drug Fails With FDA Advisers -- Update
- RNO FP : Renault Proposes EU1,000 Salary Aid per Employee Amid Inflation
- SAB SM : Sabadell Studies Agreement With Acquiring Business Area Partner
- SAB SM : Sabadell in Talks for Potential Sale of Its Payments Business
- UCG IM : UniCredit, Intesa Braced for Italy Election, Fragmentation Risks
- VOW GY : Volkswagen Has Enough Gas For Output in Next 5-6 Months: Rtrs
- VOW GY : Volkswagen Warns of Production Shift Toward Southwest Europe
This $5 Billion Dubai Moon Hotel Will Simulate An Outer Space Experience On Earth
The most populous city in the United Arab Emirates is due to be remodeled by a brand new hotel, which Moon World Resorts believes will live up to Dubai’s reputation for opulent building design.
The Canadian corporation intends to construct a total of four MOON resorts, with Dubai being the location of the first one.
Standing at 735-foot-tall, the copy of the Moon will have all of the conveniences and luxuries that one would anticipate from a high-end resort, in addition to unique experiences that are designed to simulate a trip to Earth’s moon.
The goal of the $5 billion venture is to bring the experience of “lunar surface” and “lunar colony” down to Earth so that it may be enjoyed by tourists interested in space travel. Once it is finished being constructed, Sandra Matthews and Michael Henderson, who are the creators of the company, believe that the resort will be able to welcome up to 10 million guests each year.
The moon “colony” alone has the ability to host 2.5 million visitors annually, and there are plans to include a training platform for space programs and astronauts within the complex as well.
Naturally, MOON is still a resort, and as such, there will be a wide variety of activities and amenities available for visitors to try out and appreciate throughout their stay. The resort will have a nightclub, an event center that can accommodate as many as 5,000 people, a spa and wellness center, a jazz piano bar, and a multi-level lounge designed to seem like an alien spaceship.
A sizable conference center is being built with the intention of luring exhibitors from the aerospace and technology industries.
As part of its private home concept, MOON will also have 144 premium apartments that are available for purchase. Every 2,000-square-foot home has a lifetime membership to MOON, which gives the owner access to a variety of special benefits.
The business anticipates that it will take two years to build this one-of-a-kind resort, even if the formal designs for Dubai are still in the process of being approved. “From an architectural, engineering, and design perspective, MOON can be built,” Henderson shares.
Moon resort in Vegas.
Moon World Resorts has a history of creating waves, therefore this is not the first time that they have done so. The business made the announcement in 2021 that they intended to bring MOON to Las Vegas at some point in the future. Henderson said at the time that he and Matthews had first conceived of the idea in the year 2000 and that “the objective was to develop an authentic, mega-scale reproduction of planet Earth’s Moon, incorporating the world’s largest sphere.”