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EQUAL-WEIGHT S&P 500 HITS FIRST CLOSING RECORD SINCE IRAN WAR

2026-05-07

EQUAL-WEIGHT S&P 500 HITS FIRST CLOSING RECORD SINCE IRAN WAR

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2026-05-06

The stronger margin trend of China's big four state-owned banks--Agricultural Bank of China, Bank of China, China Construction Bank and Industrial & Commercial Bank of China--seems to pleasantly surprise Morningstar's Iris Tan. She notes the four len

The stronger margin trend of China's big four state-owned banks--Agricultural Bank of China, Bank of China, China Construction Bank and Industrial & Commercial Bank of China--seems to pleasantly surprise Morningstar's Iris Tan. She notes the four lenders' 1Q net interest income grew 7%-8% on year after declining in 2025. The banks' net interest income could grow around 6% this year, given that their net interest margins have stabilized, she says in a note. ABC is its top pick among the four as it broadly outperformed peers. Morningstar raises its fair-value estimate for ABC by 3% to HK$7.20 for its H shares and to 6.30 yuan for its A shares.
2026-05-06

India's final April services PMI was 58.8, below the expected 57.5 and the previous reading of 57.9.

India's final April services PMI was 58.8, below the expected 57.5 and the previous reading of 57.9.
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