Daily coverage of equity markets, sectors, and major indices.
In-depth reporting on U.S. and global stock markets, including index performance, sector rotation, earnings reactions, volatility trends, and notable single-stock moves. Designed to help traders and investors understand what is driving price action across equities.
8,959 total articles
Barclays downgraded Future Plc to equal weight from overweight and reduced its 12-month price target to GBp 285 from GBp 640 following a company profit warning tied to falling digital advertising traffic and lower e-commerce commissions. The broker materially reduced earnings and revenue forecasts, highlighted outsized margin exposure in programmat…
Topps Tiles Plc reported total group revenue of £142.7 million for the 26-week period ended March 28, effectively flat year-on-year with a 0.1% decline. Excluding CTD, group revenue rose 2.1%, although growth slowed to 0.6% in the second quarter after a stronger opening quarter. The company noted an increase in online sales and said cost-saving mea…
Babcock International has secured a six-month bridging contract with the UK Ministry of Defence to continue delivering naval base and nuclear submarine fleet support following the end of the five-year Future Maritime Support Programme. The interim arrangement, accompanied by a Letter of Intent from the MOD, maintains operational continuity while bo…
European stocks opened sharply higher and Brent crude slipped below $100 a barrel after President Donald Trump said the U.S. would be leaving the conflict in Iran within two to three weeks. Major European indexes jumped in early trading, while energy markets retreated from recent peaks amid continuing geopolitical uncertainties tied to strikes in t…
Citi has upgraded Babcock, Leonardo and TKMS to Buy after recent share price drops made the valuation upside more compelling under its 'What’s priced in?' reverse DCF framework. Target prices were left unchanged. Saab remains a Sell, while Rheinmetall was initiated at Neutral as Citi warns of uneven sustainability in weapons and ammunition demand.
Tokyo equities advanced at Wednesday's close, led by strength in Real Estate, Banking and Textile names. The Nikkei 225 ended the session up 5.31%, with Furukawa Electric, Archion and Advantest among the top gainers. Broader market breadth favored advancing issues by a wide margin, while measures of volatility and crude oil prices moved lower.
European stock futures surged on Wednesday after remarks from U.S. President Donald Trump suggested the conflict in the Middle East could end soon. Contracts tied to major European indexes rose more than 2%, while energy prices fell, easing pressure on markets that had been weighed down since late February by hostilities affecting oil transit.
Berkeley Group Holdings has paused new land acquisitions and restructured its medium-term plan to run through April 2030, citing geopolitical disruption, a worsening economic outlook and regulatory delays that have extended construction lead times by about a year. The FTSE-listed housebuilder now aims for cumulative pre-tax profit of more than ove…
Barclays says consensus earnings growth for European equities still underestimates the economic hit from the Middle East conflict. While headline EPS forecasts for fiscal year 2026 remain at 13% year-on-year, the bank argues underlying expansion is weaker once autos base effects are removed. Barclays has trimmed its own EPS expectation to 6% assumi…
HSBC has upgraded Heineken from hold to buy and retained an €85 target price, implying roughly 29.3% upside from the brewer's €65.72 share price as of March 30. The upgrade rests on expectations around an incoming chief executive who will push for stronger performance culture, a rebalancing of volume versus pricing, and acceleration of digital busi…
Japan Display announced the sale of its Tottori factory to Yahata Touei Estate, prompting a 33.3% jump in the company's stock and lifting the TOPIX index. The company said the handover is expected by the end of September, the transaction amount was not disclosed, and the sale should have only a minimal effect on earnings. The move forms part of Jap…
The Taiwan stock market closed lower on Wednesday, with the Taiwan Weighted down 1.80% as losses in Biotech & Medical Care and Computers & Peripherals weighed on the benchmark. Several mid-cap names posted double-digit moves in both directions. Commodities and currency markets posted mixed moves alongside a softer US dollar index futures reading.
South Korea's manufacturing sector expanded at its fastest pace in over four years in March, led by semiconductor demand and new product rollouts, according to a private-sector PMI survey published Wednesday. The S&P Global purchasing managers index climbed to 52.6 from 51.1 in February, while input costs rose at the fastest rate since June 2022. E…
Shares of China-listed Laplace Renewable Energy climbed to their 20% daily cap after local media reported the company had won a roughly 10 billion yuan order linked to Tesla’s solar project. Laplace subsequently issued a statement saying it has not secured related orders and that no binding agreement has been signed. The episode drove strong invest…
Elliott Investment Management criticized Mitsui O.S.K. Lines’ newly announced medium-term management plan, saying it does not do enough to close the company’s shareholder return gap with peers or to address large unrealized gains tied to vessels and real estate. Mitsui recently unveiled a Phase 2 of its Blue Action 2035 transformation focused on va…
Australian equities closed higher on Wednesday, propelled by notable advances in the Gold, Metals & Mining and Materials sectors. The S&P/ASX 200 finished up 2.24% as a broad swathe of stocks rose, while market volatility eased and key commodities prices moved higher. Individual large movers included double-digit gains for several small-cap miners …
Shares of Zhipu AI (HK:2513) surged after the company reported 131.9% revenue growth for the year to December 31, 2025, driven by rising domestic demand and continued model development. On-premise deployments remained the largest revenue source, while cloud-based sales grew sharply but at lower margins. The company posted a widening net loss and a …
Grab and WeRide have started Singapore's first publicly accessible autonomous ride-hailing service operating in a residential neighborhood. The pilot began in Punggol, offers rides on fixed routes to the public, and will provide free trips while the partners collect feedback ahead of a planned commercial launch in 2026. WeRide shares in Hong Kong r…
A Taiwan government filing shows TSMC plans to start producing advanced 3-nanometer chips at its second Japanese factory by 2028, targeting a throughput of 15,000 12-inch wafers per month. Equipment installation and mass production are both slated to begin in 2028. The move expands the company’s overseas footprint as it responds to strong demand fr…
Shares of Samsung Electronics and SK Hynix climbed sharply Wednesday as technology stocks rebounded following steep losses in March. Samsung rose more than 10% to 184,300 won while SK Hynix jumped as much as 9.5% to 884,000 won, helping lift the KOSPI index by 6.5% after a month that saw the gauge fall more than 19%.
Taiwan Semiconductor Manufacturing Co. (TSMC) plans to begin equipment installation and mass production of 3-nanometre wafers at its second fabrication plant in Japan in 2028, according to a Taiwanese government filing. The revised plan sets the second plant's monthly capacity at 15,000 12-inch wafers using advanced 3-nanometre process technology. …
Asian equities advanced on Wednesday after U.S. President Donald Trump indicated an expected wind-down of military action against Iran within two to three weeks. Stocks across the region rose, led by a 6.5% surge in South Korea's KOSPI, while landmark Japanese, Australian, Chinese and Hong Kong indexes also recorded notable gains. Markets were supp…
Asian markets opened sharply higher as investors reacted to comments suggesting U.S. military action against Iran could wind down within weeks, and strong March economic readings in South Korea and Japan reinforced equity gains. Risk-sensitive assets advanced, oil retreated modestly from recent swings, and the dollar eased after a steep one-day dro…
Sequoia Capital has appointed Doug Leone as chairman, according to posts by partners on X. Leone, a firm partner since 1988, previously relinquished the senior steward role in 2022 to Roelof Botha but continued to serve on portfolio company boards and remain a general partner in existing funds. The firm, founded in 1972 by Don Valentine, has a long…
U.S. stock-index futures rose on Tuesday evening following a strong session on Wall Street after President Donald Trump said U.S. military operations in Iran would end within weeks. The move capped a month-end rebound after steep losses in March, with technology shares leading gains. Markets digested comments about a planned military drawdown, pros…
