US New Home Sales Fall in September; Median Price Drops
US new home sales fell in September, and the median house price was lower than a year earlier.
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Melius upgrades Cava to buy on growth outlook
Melius Research raised Cava to buy from hold, saying the restaurant chain's expansion and unit economics remain durable drivers of earnings growth. The firm said Cava does not need a macro recovery to keep momentum.
Melius upgrades Cava to buy
Melius Research upgraded Cava to buy from hold, saying the restaurant chain's growth is supported by national expansion and strong unit economics. The note said Cava does not need a broader economic recovery to keep its momentum.
JGBs rise amid possible position adjustments
Japanese government bonds rose in morning Tokyo trade amid possible position adjustments, with the 30-year JGB yield down at 4.185%. Traders are also watching Thursday's Japanese Finance Ministry auction of about 600 billion yen of 30-year sovereign debt.
Asian currencies steady as safe-haven dollar demand builds
Asian currencies were little changed in early trade, while strategists said rising Middle East tensions and firmer oil prices could support the U.S. dollar. The Australian dollar, Singapore dollar and won were broadly flat against the greenback.