China stocks rise, UBS buyback, Boeing upgrades: Trending Tickers
China’s CSI 300 Index (000300.SS) rose as new orders picked up, despite factory activity shrinking for a third month.
UBS (UBS) shares were little changed after the bank announced a $2 billion buyback starting July 1.
Meanwhile, Boeing (BA) jumped nearly 6% after Rothschild raised its price target to $275.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief: Market Sunrise here.
00:01 Speaker A
Well, our trending tickets take us to China first. The country's blue chip CSI 300 rose 0.4%, hovering close to a three-month high. That's despite fresh data that showed that manufacturing activity shrank for a third straight month in June, though at a slower pace. There was an increase in new orders which could suggest that Beijing's support policies are taking effect. However, many economists believe this latest data could spur the Chinese government to deliver more stimulus packages to help encourage more activity, and also fight against that uncertainty of tariffs.
00:48 Speaker A
So, let's move on to Switzerland for our second trending ticker, and that's UBS. The banking giant announced that it would buy back $2 billion in shares. The plan comes as part of a repurchase program approved at the bank's annual general meeting in April, and is set to start tomorrow, July 1st. Well, despite the news, UBS shares were little changed this morning, slightly in the green as you can see here. And are still trading around 5% down year-to-date, also due to uncertainty over its longer-term payout plans.
01:36 Speaker A
And finally, let's take a look at Boeing. Shares closed up nearly 6% on Friday after the plane maker received an upgrade from some analysts. Bloomberg reported that Rothschild & Co. raised the price target to $275 up from $180. The Rothschild analyst said, things seem to be taking a positive turn for Boeing, thanks to improvements in financials, culture, industrial process, and a better strategy. So, that's definitely a stock to watch today. In 2025, Boeing shares have soared by nearly 25%.