Asia stocks subdued; Australia drops as weak Westpac earnings weigh By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Source: Investing.com
Market Overview: Asian stock markets experienced subdued trading, with Australian shares declining due to weak Westpac earnings and investors awaiting clarity on U.S.-China trade talks; major regional markets were closed for public holidays.
Economic Indicators: Investors are anticipating key Chinese economic data this week, including trade balance and CPI inflation, while concerns over global trade tensions persist amid ongoing discussions between the U.S. and China regarding tariffs.
Analyst Views on PSI
Wall Street analysts forecast PSI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PSI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 95.300
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Current: 95.300
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
