Oil tumbles, Taiwan’s dollar surges at start of central bank-packed week By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Source: Investing.com
Oil Prices and Market Reactions: Oil prices fell over 2% following OPEC+'s decision to increase production, raising concerns about supply amidst uncertain demand. Meanwhile, U.S. equity futures dipped as markets awaited central bank meetings amid ongoing trade discussions between the U.S. and China.
Taiwan Dollar Surge: The Taiwan dollar experienced significant gains against the U.S. dollar, reaching its highest value in nearly three decades, driven by speculation of currency revaluation and increased foreign investment, despite no formal discussions on exchange rates during recent U.S.-Taiwan tariff talks.
Analyst Views on LCO
Wall Street analysts forecast LCO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LCO 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: 27.375
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Current: 27.375
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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.
