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09:10
US Stock Alert | LPA surges 57% pre-market! Sells Peru logistics park for $145 million, nets $85 million profit and establishes strategic alliance
格隆汇 June 18|A certain exchange surged 57.68% before the market open, trading at $4.95. According to news, LPA announced the sale of its flagship logistics park in Lima, Peru—Parque Logístico Lima Sur—to Peru's renowned diversified real estate investment trust (REIT) FIBRA Prime for $145 million. Before repaying related debts and paying taxes, this transaction is expected to bring LPA a net profit of $85 million. The sale is not only an asset divestment but also marks the establishment of a strategic partnership between LPA and FIBRA Prime. LPA will continue to operate the logistics park on behalf of FIBRA Prime, overseeing tenant relations and service delivery, and will thus earn recurring management fee income.
09:07
JPMorgan says the sharp volatility in chip stocks has forced some investors to reduce their positions, which could trigger market "panic" as a result.
The strategist team led by Nikolaos Panigirtzoglou stated that while chip stocks rebounded to historic highs this week, volatility also increased, which could trigger a so-called VaR shock for investment portfolios. This refers to significant market fluctuations causing investors to breach their Value-at-Risk constraints, forcing them to reduce positions even if they remain bullish on related trades. Panigirtzoglou wrote in a report: "The increase in VaR-sensitive investors raises the market’s sensitivity to self-reinforcing, volatility-driven selloffs." (Bloomberg)
09:06
The Bank of England interest rate decision will be released tonight at 19:00.
According to Golden Ten Data on June 18, the Bank of England will announce its interest rate decision and meeting minutes tonight at 19:00 (GMT+8). With a stable job market and cooling inflation, keeping rates unchanged seems a foregone conclusion. However, the market is concerned that political and interest rate risks in the UK may weigh on the pound. Investors are advised to be mindful of the risks.Click to see more previews…
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