U.S. Pre-Market | Dow Futures Plunge Over 1,000 Points; European Stocks Extend Losses; ECB Rate Decision in Focus

Saudi Arabia is selling crude oil to Europe at $25 per barrel and has pledged to supply European refineries with three times the volume of crude they previously sourced from Saudi Arabia. The Kingdom will supply its flagship Arab Light crude to the Rotterdam market at approximately $25 per barrel—significantly below the price of Russian Urals crude. Saudi Arabia’s increased crude shipments, coupled with unprecedented low pricing, are turning Europe into the fiercest battleground in the intensifying oil price war between Saudi Arabia and Russia. Today, Indonesia’s Jakarta Composite Index plunged over 5% intraday, triggering the circuit-breaker mechanism. Concerns over the economic impact of the novel coronavirus pandemic have further deepened global market declines. The index fell as much as 5.01% to 4,895.748 points—the lowest level since June 2016. The circuit-breaker was triggered with less than 30 minutes remaining before market close, halting trading until Friday. Today, the Philippines’ Manila Index broke below the 6,000-point threshold. Around 2:53 p.m., the index dropped to 5,697 points—a decline of 10.3%—triggering the circuit-breaker mechanism and suspending stock trading for 15 minutes. Morgan Stanley downgraded Tesla’s 2020 sales forecast on Thursday amid the coronavirus pandemic’s dampening effect on global auto demand. The firm cut its 2020 Tesla sales estimate by nearly 10%, from 500,000 vehicles to 452,000, and lowered its price target on the stock from $500 to $480, maintaining its “underweight” rating. Morgan Stanley noted that Tesla’s European sales this year may decline about 10% due to the pandemic and reduced incentives in key markets such as Norway and the Netherlands. Key Events to Watch: ● 8:30 p.m. U.S. February PPI MoM; ● 8:45 p.m. European Central Bank (ECB) Interest Rate Decision; ECB March Deposit Facility Rate; ECB Marginal Lending Facility Rate; ECB Monetary Policy Statement; ● 9:30 p.m. ECB Press Conference; Notable Rating Changes: Upgrades: ● UBS upgraded EasyJet from “Sell” to “Buy”; ● HSBC upgraded Ferrari from “Hold” to “Buy”;

U.S. Pre-Market | U.S. and European Indices Rally Across the Board; Analysts Significantly Raise Luckin Coffee’s Price Target

According to Bloomberg, as the U.S. government seeks ways to finance its ballooning deficit, the U.S. Treasury Department will resume issuing 20-year Treasury bonds in the first half of 2020—marking the return of a bond maturity last issued 34 years ago. This is not the first time the U.S. Treasury has offered 20-year bonds: it discontinued them in 1986 in favor of 30-year Treasuries, which have long served as the benchmark “long bond” in U.S. markets. Additionally, between 1955 and 1963, the U.S. Treasury issued 40-year bonds—and even sold 50-year bonds in 1911 to help finance construction of the Panama Canal. Japan’s Kyodo News reported that Nissan Motor Co. submitted a report to the Tokyo Stock Exchange on the 16th stating that former Chairman Carlos Ghosn—who faces prosecution in Japan for violations of the Companies Act and other laws—had privately used over ¥400 million (approximately RMB 24.95 million) of Nissan funds to host parties at France’s Palace of Versailles. The report noted that a joint investigation by Nissan and French automotive giant Renault’s alliance management company found that, beyond the parties, Ghosn had also drawn at least €3.9 million from the alliance management company to fund guest invitations to Rio de Janeiro’s Carnival and the Cannes Film Festival in France, as well as purchases of high-end Cartier gifts. Germany’s Federal Statistical Office announced on the 16th that Germany’s annual inflation rate for 2019 fell to 1.4%, down from 1.9% in 2018 and 1.8% in 2017. Data showed that Germany’s December 2019 inflation rate stood at 1.5%; excluding energy prices, the month’s inflation rate was 1.8%. Food prices rose 2.1% year-on-year, with meat and meat products posting particularly sharp increases. H&M—the world’s second-largest fashion retailer—announced on Friday that it plans to expand into Central America, opening its first store in Panama by the end of 2020. H&M currently operates in 73 markets, with 50 online markets and physical stores. In a statement, the company said it will operate in Central America through a franchise agreement with Panama-based Hola Moda S.A. Key Events to Watch: ● 6:00 p.m. Eurozone December 2019 CPI YoY; ● 9:30 p.m. U.S. December 2019 Building Permits Total; ● 11:00 p.m. U.S. November 2019 JOLTS Job Openings; University of Michigan January Consumer Expectations Index; University of Michigan January Consumer Sentiment Index; Notable Rating Changes: Upgrades: ● Barclays upgraded Ericsson from “Equal Weight” to “Overweight”;

Argus raises target for Quaker Houghton stock to USD 169.00

1 day ago

Argus Research raised its price target for Quaker Houghton to $169.00 ahead of its Q3 earnings report on October 29, 2026. The industrial lubricant manufacturer currently holds a market cap of $2.7 billion with a P/E ratio of 27.93.

ad-hoc-news.de

2026-10-15

Royal Bank of Canada Lifts Quaker Houghton Stock Target to USD 202.00

2026-10-16

RBC Forecasts USD 4.71 Billion Revenue for Ecolab, Sets Stock Target at USD 337

2026-10-16

RBC Sets USD 337 Price Target for Ecolab Stock

2026-10-17

Argus raises target for Quaker Houghton stock to USD 169.00

Argus raises target for Quaker Houghton stock to USD 169.00

FAQ