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Spot silver was down 1.0% on the day at $57.39/oz.

2026-10-22

Spot silver was down 1.0% on the day at $57.39/oz.

Other News
2026-10-21

Carrefour cut full-year profit guidance and warned recent riots and looting in France could reduce operating profit by up to €200m (≈$224m). The company said higher costs and store disruptions from the unrest could trim operating profit by €80m–€200m

Carrefour cut full-year profit guidance and warned recent riots and looting in France could reduce operating profit by up to €200m (≈$224m). The company said higher costs and store disruptions from the unrest could trim operating profit by €80m–€200m, the CFO said. Shares fell as much as ~15% intraday, on track for Carrefour’s largest one-day drop and the worst performance on the CAC40 and Stoxx Europe 600. With roughly half of sales in France, prolonged domestic disruption would hit the group disproportionately. Analysts questioned whether the downgrade signals issues extending beyond the French market.
2026-10-21

Citigroup raised its 2026 and 2027 earnings per share (EPS) forecasts for Chipone Systems by 1% and 3% respectively, to $27.68 and $37.02, but maintained its target price of $1,820. The reason for this is a valuation multiple adjustment: the bank low

Citigroup raised its 2026 and 2027 earnings per share (EPS) forecasts for Chipone Systems by 1% and 3% respectively, to $27.68 and $37.02, but maintained its target price of $1,820. The reason for this is a valuation multiple adjustment: the bank lowered the 2027 price-to-earnings ratio used for the target price from 51x to 49x to reflect the decline in market valuations. On the operations front, Citigroup expects enterprise data and communications demand to support better-than-expected performance and outlook, and maintains its buy rating. However, the bank still lists valuation as a key risk, warning that the high-interest-rate environment could further compress the stock's valuation multiple. (Citigroup report, October 19)
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