Market Update
U.S. Movers: Calavo Growers
Scott Peters
10 Jun, 2025
Select
Calavo Growers Inc. plunged 13.5% to $23.95 despite the provider of avocado, tomato, and papaya products reporting improved results for the fiscal second quarter ending on April 30.
Net sales increased to $190.55 million from $184.38 million, net income jumped to $6.85 million from $6.06 million, and diluted earnings per share rose to 38 cents from 34 cents a year ago.
Fresh segment sales edged up 4.7%, and prepared segment sales climbed 9.9% from a year ago, respectively.
Net sales for the six months ending in April increased to $344.93 million from $311.99 million, net income swung to a profit of $11.26 million from a loss of $205 million, and diluted earnings per share swung to a profit of 63 cents from a loss of 1 cent a year earlier.
In the six months, fresh segment sales jumped 12.4% and prepared segment sales rose 5.4% from a year ago, respectively.
Europe Movers: Fabasoft AG
Inga Muller
10 Jun, 2025
Frankfurt
Fabasoft AG dropped 0.8% to €17.60 after the Austria-based software and cloud services provider reported fiscal 2025 results ending on March 31.
Revenue increased to €86.84 million from €80.95 million, net income edged down to €8.92 million from €9.11 million, and diluted earnings per share fell to 80 cents from 83 cents a year ago.
At the Annual General Meeting on July 9, the company plans to propose an annual dividend 10 cents per share.
Europe Movers: Fabasoft AG
Inga Muller
10 Jun, 2025
Frankfurt
Fabasoft AG dropped 0.8% to €17.60 after the Austria-based software and cloud services provider reported fiscal 2025 results ending on March 31.
Revenue increased to €86.84 million from €80.95 million, net income edged down to €8.92 million from €9.11 million, and diluted earnings per share fell to 80 cents from 83 cents a year ago.
At the Annual General Meeting on July 9, the company plans to propose an annual dividend 10 cents per share.
Hong Kong Attracts Three New Listings, China Stocks Trade Sideways
Li Chen
10 Jun, 2025
Hong Kong
Investors remained optimistic about the ongoing trade talks between the U.S. and China, and benchmark indexes advanced on Tuesday.
The Hang Seng index and the CSI 300 index traded around the flatline, and investors awaited the outcome of trade talks in London.
Trade negotiators are not hopeful of a breakthrough in the near term as both sides hold firm on their demands, despite the recent conciliatory gestures.
China temporarily relaxed its export ban on rare earth minerals, and Boeing resumed shipment of commercial aircraft.
However, tensions remain high as they continue to restrict shipments of advanced electronic chips and keep the ban on student visas.
China Indexes and Stocks
The Hang Seng index decreased 0.2% to 24,137.60, and the mainland-focused CSI 300 index dropped 0.5% to 3,867.19.
Galaxy Entertainment Group declined 2.2% to HK $33.10 after the Macau government ordered the closure of 11 satellite casinos.
Residential home developers advanced on reports that Beijing policymakers are looking to issue housing loans using provident funds, offering an alternative to bank mortgages.
Longfor Group Holdings gained 2% to HK $9.78, China Vanke increased 0.3% to HK $5.05, and China Overseas Land & Investment Ltd. added 1.7% to HK $13.54.
Newtrend Group Holding Ltd. soared 21% to HK 23.750, and the food additives maker priced its initial public offering at HK $18.90 per share and raised HK $200.6 million in gross proceeds through the sale of 10.59 million shares.
MetaLight declined 29% to HK 6.980, and the data analytics company priced its initial public offering at HK $9.75 per share and raised gross proceeds of HK $242.35 million through the sale of 24.9 million shares.
Rongta Technology (Xiamen) Group Ltd. soared 38% to HK $14.140, and the maker of printers and point-of-sale terminals priced its initial public offering at HK $10.0 per share.
The company sold 18.4 million shares and raised gross proceeds of HK $184.0 million.
Hong Kong Attracts Three New Listings, China Stocks Trade Sideways
Li Chen
10 Jun, 2025
Hong Kong
Investors remained optimistic about the ongoing trade talks between the U.S. and China, and benchmark indexes advanced on Tuesday.
The Hang Seng index and the CSI 300 index traded around the flatline, and investors awaited the outcome of trade talks in London.
Trade negotiators are not hopeful of a breakthrough in the near term as both sides hold firm on their demands, despite the recent conciliatory gestures.
China temporarily relaxed its export ban on rare earth minerals, and Boeing resumed shipment of commercial aircraft.
However, tensions remain high as they continue to restrict shipments of advanced electronic chips and keep the ban on student visas.
China Indexes and Stocks
The Hang Seng index decreased 0.2% to 24,137.60, and the mainland-focused CSI 300 index dropped 0.5% to 3,867.19.
Galaxy Entertainment Group declined 2.2% to HK $33.10 after the Macau government ordered the closure of 11 satellite casinos.
Residential home developers advanced on reports that Beijing policymakers are looking to issue housing loans using provident funds, offering an alternative to bank mortgages.
Longfor Group Holdings gained 2% to HK $9.78, China Vanke increased 0.3% to HK $5.05, and China Overseas Land & Investment Ltd. added 1.7% to HK $13.54.
Newtrend Group Holding Ltd. soared 21% to HK 23.750, and the food additives maker priced its initial public offering at HK $18.90 per share and raised HK $200.6 million in gross proceeds through the sale of 10.59 million shares.
MetaLight declined 29% to HK 6.980, and the data analytics company priced its initial public offering at HK $9.75 per share and raised gross proceeds of HK $242.35 million through the sale of 24.9 million shares.
Rongta Technology (Xiamen) Group Ltd. soared 38% to HK $14.140, and the maker of printers and point-of-sale terminals priced its initial public offering at HK $10.0 per share.
The company sold 18.4 million shares and raised gross proceeds of HK $184.0 million.
Wall Street Indexes Approach Record Levels Ahead of Two Inflation Reports
Barry Adams
09 Jun, 2025
New York City
Stock market indexes were little changed in early trading on Monday, and investors look forward to U.S.-China trade talks and inflation reports later in the week.
The S&P 500 index edged up 0.1%, and the tech-heavy Nasdaq Composite advanced 0.2%, as benchmarks approached record highs reached earlier in the year.
The S&P 500 index and the tech-heavy Nasdaq Composite rebounded for the second consecutive week, and the broader index is only 3% from its record high.
Last week, global stock markets rebounded amid growing conviction that the unilateral tariffs imposed by the U.S. president will eventually be rolled back sooner or later.
Trump tariffs, which are import taxes paid by U.S. consumers, may resurface in different forms if courts reject the Trump administration’s use of emergency laws later this week.
For now, stock market investors are bidding up stock in the belief that the TACO—Trump Always Chickens Out—stance is the way to go.
In the week ahead, investors in the U.S. are looking forward to the release of monthly wholesale inventories and inflation reports.
On Wednesday, investors are looking forward to the release of the consumer price inflation report, and on Friday, the producer price update.
Consumer price inflation is expected to show a slight weakening, largely reflecting weak energy prices.
On the earnings front, investors anticipate results from Oracle, Chewy, Adobe, GameStop, United Natural Foods, Dave & Buster’s Entertainment, and Oxford Industries.
Commodities, Currencies, Indexes, Yields
The S&P 500 index increased 0.03% to 6,002.02, the Nasdaq Composite edged up 0.2% to 19,573.28, and the Russell 2000 index advanced 0.5% to 2,142.00.
The yield on 2-year Treasury notes edged lower to 4.03%, 10-year Treasury notes increased to 4.52%, and 30-year Treasury bonds advanced to 4.99%.
WTI crude oil increased $0.04 to $64.62 a barrel, and natural gas prices edged lower by $0.17 to $3.61 a thermal unit.
Gold increased by $0.46 to 3,312.02 an ounce, and silver edged up by $0.32 to $36.30.
The dollar index, which weighs the US currency against a basket of foreign currencies, decreased by 0.01 to 99.18 and traded at the lowest level since April 2022.
U.S. Stock Movers
Apple Inc. added 0.4% to $204.73, and the popular phone device maker is scheduled to launch its annual gathering of developers.
Worldwide Developers Conference kicks off today and runs until June 13 at Apple Park, Cupertino, California.
Warner Brothers Discovery increased 7.2% to $10.54, and the media company plans to separate into two companies—a movie production studio and a streaming company.
The company plans to complete the split by the middle of 2026.
China-linked stocks advanced after the U.S. and China resumed their talks in London, UK, and investors are hoping that an agreement may be announced as early as this week.
Baidu Inc. jumped 1.4% to $204.73, Alibaba Group added 1.5% to $121.17, PDD Holding advanced 1.4% to $101.98, and BYD Company declined 2.2% to $101.98.
Wall Street Indexes Approach Record Ahead of Two Inflation Reports
Barry Adams
09 Jun, 2025
New York City
Stock market indexes were little changed in early trading on Monday, and investors look forward to U.S.-China trade talks and inflation reports later in the week.
The S&P 500 index edged up 0.1%, and the tech-heavy Nasdaq Composite advanced 0.2%, as benchmarks approached record highs reached earlier in the year.
The S&P 500 index and the tech-heavy Nasdaq Composite rebounded for the second consecutive week, and the broader index is only 3% from its record high.
Last week, global stock markets rebounded amid growing conviction that the unilateral tariffs imposed by the U.S. president will eventually be rolled back sooner or later.
Trump tariffs, which are import taxes paid by U.S. consumers, may resurface in different forms if courts reject the Trump administration’s use of emergency laws later this week.
For now, stock market investors are bidding up stock in the belief that the TACO—Trump Always Chickens Out—stance is the way to go.
In the week ahead, investors in the U.S. are looking forward to the release of monthly wholesale inventories and inflation reports.
On Wednesday, investors are looking forward to the release of the consumer price inflation report, and on Friday, the producer price update.
Consumer price inflation is expected to show a slight weakening, largely reflecting weak energy prices.
On the earnings front, investors anticipate results from Oracle, Chewy, Adobe, GameStop, United Natural Foods, Dave & Buster’s Entertainment, and Oxford Industries.
U.S. Stock Movers
Apple Inc. added 0.4% to $204.73, and the popular phone device maker is scheduled to launch its annual gathering of developers.
Worldwide Developers Conference kicks off today and runs until June 13 at Apple Park, Cupertino, California.
Warner Brothers Discovery increased 7.2% to $10.54, and the media company plans to separate into two companies—a movie production studio and a streaming company.
The company plans to complete the split by the middle of 2026.
China-linked stocks advanced after the U.S. and China resumed their talks in London, UK, and investors are hoping that an agreement may be announced as early as this week.
Baidu Inc. jumped 1.4% to $204.73, Alibaba Group added 1.5% to $121.17, PDD Holding advanced 1.4% to $101.98, and BYD Company declined 2.2% to $101.98.
Tokyo Stocks Edged Higher On Monday, Japan's GDP Growth Revised Higher but Weakness Persists
Akira Ito
09 Jun, 2025
Mumbai
Japan's indexes traded higher on Monday and extended gains for the second consecutive day, and Japan's GDP growth was revised higher.
The Nikkei 225 Stock Average gained 1%, and the broader Topix index advanced 0.6%.
Japan's gross domestic product growth was revised higher to flat from the preliminary estimate of 0.2% contraction, the Cabinet Office released data on Monday.
Market sentiment was positive, buoyed by optimism about trade talks between the U.S. and China.
China temporarily approved exports of rare earth minerals, and Boeing resumed exports of commercial jets.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 1% to 38,088.69, and the broader Topix index added 0.6% to 2,784.98.
Technology stocks advanced for the second day in a row following gains in the sector in Friday's trading in New York.
Advantest Corp. gained 4.9% to ¥8,314.0, Tokyo Electron increased 1% to ¥23,855.0, and Disco Corp. inched higher 3.2% to ¥33,140.0.
Seven & Holding declined 1.5% to ¥2,206.0, Takashimaya Co. Ltd. decreased 1.5% to ¥1,095.0, and Fast Retailing Co. added 0.2% to ¥48,930.0.
Itochu Corp. added 0.1% to ¥7,496.0, Marubeni Corp. declined 0.3% to ¥2,830.0, and Mitsui & Co. Ltd. declined 0.4% to ¥2,950.0.
Tokyo Stocks Edged Higher On Monday, Japan's GDP Growth Revised Higher but Weakness Persists
Akira Ito
09 Jun, 2025
Mumbai
Japan's indexes traded higher on Monday and extended gains for the second consecutive day, and Japan's GDP growth was revised higher.
The Nikkei 225 Stock Average gained 1%, and the broader Topix index advanced 0.6%.
Japan's gross domestic product growth was revised higher to flat from the preliminary estimate of 0.2% contraction, the Cabinet Office released data on Monday.
Market sentiment was positive, buoyed by optimism about trade talks between the U.S. and China.
China temporarily approved exports of rare earth minerals, and Boeing resumed exports of commercial jets.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 1% to 38,088.69, and the broader Topix index added 0.6% to 2,784.98.
Technology stocks advanced for the second day in a row following gains in the sector in Friday's trading in New York.
Advantest Corp. gained 4.9% to ¥8,314.0, Tokyo Electron increased 1% to ¥23,855.0, and Disco Corp. inched higher 3.2% to ¥33,140.0.
Seven & Holding declined 1.5% to ¥2,206.0, Takashimaya Co. Ltd. decreased 1.5% to ¥1,095.0, and Fast Retailing Co. added 0.2% to ¥48,930.0.
Itochu Corp. added 0.1% to ¥7,496.0, Marubeni Corp. declined 0.3% to ¥2,830.0, and Mitsui & Co. Ltd. declined 0.4% to ¥2,950.0.
China's Four-Month Deflation Extends to May; Trade Surplus Widens Amid Cooler Export Growth
Li Chen
09 Jun, 2025
Hong Kong
Stocks in China and Hong Kong advanced on Monday, and investors reviewed the latest updates on international trade and inflation.
The Hang Seng Index increased 1%, and the CSI 300 index edged up 0.2%, and consumer and producer prices eased last month.
Consumer price inflation declined 0.1% in May, matching the decline in the previous month, the National Bureau of Statistics reported Monday.
Prices fell for the fourth consecutive month, driven by sluggish consumer demand and trade tensions with the United States.
Core inflation, which excludes volatile food and energy prices, rose 0.6%, driven by a 0.5% increase in service prices.
Producer price inflation decreased 3.3% in May, extending the deflationary trend to the 31st consecutive month.
The ongoing deflation is driven by a trend of weak consumer demand and falling automobile prices, as leading vehicle makers cut prices to attract buyers for electric vehicles.
China's exports rose at a slower pace in May amid simmering trade tensions with the U.S.
Exports increased 4.8% from a year ago in May to $316.1 billion, customs data showed on Monday.
Exports to the United States declined at a faster 34.5% compared to the 21% decline in the previous month, as importers held back amid constantly changing U.S. trade policy and import taxes.
However, shipments to ASEAN member nations soared 14.8%, amid strong demand for transshipments.
Imports declined 3.4% to $213 billion, faster than the 0.2% fall in the previous month.
China's trade surplus widened sharply to $103.2 billion, from $81.7 billion a year ago and from $96.2 billion in April.
Export and import outlook in the months ahead is highly uncertain, as the U.S. and China trade negotiation drags on with no clear agreement in the near future.
China's exports are likely to fall off in the second half, as U.S. businesses' frontloading will fade in the months ahead.
China Indexes and Stocks
The Hang Seng Index gained 1% to 24,030.93, and the CSI 300 index added 0.2% to 3,880.83.
Mainland China-based Midea Group and ZTO Express were added to the Hang Seng Index.
Midea Group Company declined 1.2% to HK $75.30, and ZTO Express Inc. added 4.5% to $139.90.
Toymaker Bloks and bubble tea retail chain operators Mixue and Guming were added to Stock Connect, facilitating cross-border investments.
Bloks Group soared 18.2% to HK $187.0, Mixue Group jumped 4.5% to HK $573.0, and Guming Holdings Ltd. added 2.6% to HK $27.20.
China's Four-Month Deflation Extends to May; Trade Surplus Widens Amid Cooler Export Growth
Li Chen
09 Jun, 2025
Hong Kong
Stocks in China and Hong Kong advanced on Monday, and investors reviewed the latest updates on international trade and inflation.
The Hang Seng Index increased 1%, and the CSI 300 index edged up 0.2%, and consumer and producer prices eased last month.
Consumer price inflation declined 0.1% in June, matching the decline in the previous month, the National Bureau of Statistics reported Monday.
Prices fell for the fourth consecutive month, driven by sluggish consumer demand and trade tensions with the United States.
Core inflation, which excludes volatile food and energy prices, rose 0.6%, driven by a 0.5% increase in service prices.
Producer price inflation decreased 3.3% in May, extending the deflationary trend to the 31st consecutive month.
The ongoing deflation is driven by a trend of weak consumer demand and falling automobile prices, as leading vehicle makers cut prices to attract buyers for electric vehicles.
China's exports rose at a slower pace in May amid simmering trade tensions with the U.S.
Exports increased 4.8% from a year ago in May to $316.1 billion, customs data showed on Monday.
Exports to the United States declined at a faster 34.5% compared to the 21% decline in the previous month, as importers held back amid constantly changing U.S. trade policy and import taxes.
However, shipments to ASEAN member nations soared 14.8%, amid strong demand for transshipments.
Imports declined 3.4% to $213 billion, faster than the 0.2% fall in the previous month.
China's trade surplus widened sharply to $103.2 billion, from $81.7 billion a year ago and from $96.2 billion in April.
Export and import outlook in the months ahead is highly uncertain, as the U.S. and China trade negotiation drags on with no clear agreement in the near future.
China's exports are likely to fall off in the second half, as U.S. businesses' frontloading will fade in the months ahead.
China Indexes and Stocks
The Hang Seng Index gained 1% to 24,030.93, and the CSI 300 index added 0.2% to 3,880.83.
Mainland China-based Midea Group and ZTO Express were added to the Hang Seng Index.
Midea Group Company declined 1.2% to HK $75.30, and ZTO Express Inc. added 4.5% to $139.90.
Toymaker Bloks and bubble tea retail chain operators Mixue and Guming were added to Stock Connect, facilitating cross-border investments.
Bloks Group soared 18.2% to HK $187.0, Mixue Group jumped 4.5% to HK $573.0, and Guming Holdings Ltd. added 2.6% to HK $27.20.