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The Trump White House has also imposed harsh sanctions on Iran and Venezuela, both members of the Organization of the Petroleum Exporting Countries (OPEC), removing more than 2 million bpd of oil from daily global supply. After the Iran sanctions were imposed, the United States granted waivers to eight countries that buy Iranian oil mens custom cufflinks. The waivers, aimed at avoiding a spike in global crude prices, are due to expire in May. Some are not likely to be renewed, though analysts believe India and China, among the world’s largest crude buyers, will continue to receive waivers..
(Reuters) – Boeing Co’s stock took another beating on Tuesday as a raft of countries grounded its 737 MAX 8 aircraft, responding to a deadly crash in Ethiopia which has so far knocked $25 billion off the market value of the world’s largest planemaker. Britain and the European Union joined China, Malaysia, Singapore, Australia and other countries in banning the 737 MAX planes, piling pressure on one of the Dow Jones Industrial Average’s best performing stocks this year. The shares fell nearly 8 percent to $368.88 in mid-day trade, adding to a 5 percent decline on Monday and putting it on course for its biggest two-day percentage drop since June 2009 mens custom cufflinks.
Shares of U.S. airlines were broadly lower in midday trade, with the S&P 1500 airlines index off 1.5 percent mens custom cufflinks. Southwest Airlines Co and American Airlines Group Inc, which analysts said were among the U.S. airlines most exposed to the Boeing aircraft model at issue, saw their shares fall more than 2 percent. Boeing shares have delivered a total return – including reinvested dividends – of nearly four times the performance of the full index since U.S. stocks began rebounding from the 2007-09 financial crisis..
(GRAPHIC: Price performance of Boeing in comparison to the Dow Jones Industrial Average – tmsnrt.rs/2NYc7fI) mens custom cufflinks. At least seven of the 24 analysts covering the stock have reviewed their ratings over the last two days, with two downgrades and one price target cut so far, according to Refinitiv data. DZ Bank became the first brokerage in nearly two years to place a “sell” rating on the stock, while setting a price target of $333 – the lowest on Wall Street. Brokerage Edward Jones also downgraded the stock to “hold” from “buy”, saying the accidents could result in additional expenses, some order delays and pressure financial results..