in what would be the world's largest initial public offering of the year. The IPO would give Budweiser Asia, which has a portfolio of more than 50 beer brands in the region, a market capitalization of up to $63.7 billion.— Shares of Comerica fell 2% after Goldman Sachs downgraded the stock to sell from neutral and slashed its price target to $70 per share from $86 per share. Goldman Sachs said they were worried about increased pressure on margins in a low rate environment.
— Shares of car auction company fell almost 3% after Guggenheim downgraded the stock to sell from neutral citing "cyclical headwinds" and more competition in the space.
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Stocks relieved at trade truce, bonds step backStocks rallied and bonds retreated in Asia on Monday as a thaw in the Sino-U.S. ... What optimism our stocks have that realDonaldTrump CAN negotiate a good deal. So for the 33453485739487th time, trump has claimed a truce or deal, and stocks rise only to fall further when for the 33453485739488th time reality sets in.
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Stocks are surging after Trump strikes a truce in the US-China trade war'Trump and Xi gave investors what they wanted at the G20 meeting in Osaka this Saturday: hope.'
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