Asian Exchanges Higher On Overnight Wall Street Cues

Asian Exchanges Higher On Overnight Wall Street Cues

Asian stock markets Tuesday gained on overnight Wall Street record-high closes and declining geopolitical tensions regarding North Korea. Tokyo posted solid green, while Shanghai and Hong Kong eked out gains, and other regional exchanges finished higher. In Tokyo, the Nikkei 225 rallied for a second day, up 1.18% on the New York and Korean signals and a softer yen, the latter regarded positively in trade-oriented Japan. In other news, Meiji […]

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U.S. TREASURIES: Results of $25 Bln 4-Week Treasury Bill and $40 Bln 123-Day Cash Management Bill Auctions

U.S. TREASURIES: Results of $25 Bln 4-Week Treasury Bill and $40 Bln 123-Day Cash Management Bill Auctions

Treasury’s $25 billion 4-week bill sale was well received, even as it competed with a $40 billion 123-day cash management bill. The flight to safety action that’s dominating the trade today was supportive. The auction stopped at 0.960%, through the 0.965% at the bid deadline. That a little cheaper compared to last week’s 0.940% rate. There were $85.4 billion in bids for a 3.42 cover. That’s well up on the […]

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BMO Lifts Splunk Target Price

BMO Lifts Splunk Target Price

Splunk shares were higher over 9% recently in the wake of consensus-beating Q2 results that prompted BMO Capital to raise its price target on the stock to $71 from $69 and to reiterate an outperform rating. “Our overall view is that strong performance in the July Q was enough to overcome billings composition,” BMO said. “Further, we note that deferred revenue dollars and mix were about in line with our […]

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European Equity Benchmarks Finish Lower

European Equity Benchmarks Finish Lower

The broad-based major European indices closed lower in Thursday’s trading session, as banks weighed on markets. In economic news, Euro area annual inflation was 1.3% in July, flat compared with June, according to Eurostat, the statistical office of the European Union. In July, the rate was 0.2%. European Union annual inflation was 1.5% in July, which was also flat compared to June. A year earlier the rate was 0.2%. Eurostat […]

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Aduro Biotech Gets Two U.S. Patents

Aduro Biotech Gets Two U.S. Patents

Aduro Biotech said Wednesday that it has received two patents from the United States Patent and Trademark Office related to the activation of the STING Pathway. The company received U.S. patent 9,724,408, which is jointly owned with the University of California, covers ADU-S100, an investigational STING pathway activator; and patent 9,695,212, which covers claims methods of using certain additional cyclic dinucleotides to induce STING-dependent immune responses. Shares were 1% lower […]

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