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Vale Says Routine Tailings Dam Inspection Found Surface Cracks
World's Top Miners Set for Hit From Sharp Slump in Industrial Activity, Deutsche Bank Says
U.S. stocks closed | S&P 500 and Nasdaq both rose for the fifth consecutive week, with nvidia up nearly 16% for the week and broadcom up 22% for the week.
The rebound in US consumer confidence, the near four-year low in one-year inflation expectations, the support of the former "Fed's three hands" for a 50 basis point rate cut, and the significant increase in betting on substantial rate cuts by the "Fed's communication agency" and others, have returned to the "fifty-fifty" level. Small cap stocks rose by more than 2% on Friday, chip index rose by 10% over the week, NVIDIA rose by nearly 16% over the week, and Broadcom rose by 22% over the week. The two-year US Treasury yield returned to a two-year low, the yen rose above 141, the highest in nearly nine months, offshore renminbi rose above 7.10 yuan, and bitcoin rose to $0.06 million. Oil prices stopped the multi-week decline, and gold rose by over 3% for the best month in a month.
Jefferies Maintains Vale SA(VALE.US) With Buy Rating, Cuts Target Price to $14
Jefferies analyst Chris LaFemina maintains $Vale SA(VALE.US)$ with a buy rating, and adjusts the target price from $16 to $14.According to TipRanks data, the analyst has a success rate of 45.1% and
New Buy Rating for Vale SA (VALE), the Basic Materials Giant
Express News | Vale SA : Jefferies Cuts Target Price to $14 From $16