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.
30,114 total articles
Ferrari shares climbed about 4% after Morgan Stanley upgraded the stock from Equalweight to Overweight and lifted its price target to EUR 380 from EUR 330. Analysts said the recent year-long decline in Ferrari’s share price reflected valuation multiple compression rather than a material earnings setback, while the company’s €3.5 billion buyback and…
Prime Minister Keir Starmer announced plans to prohibit children under 16 from using major social media platforms and to impose fresh controls on gaming and livestreaming services that allow contact with strangers. The government says it already has powers to begin enforcement, expects regulatory details by the end of the year and aims to have a fo…
Australia’s wealthiest person, Gina Rinehart, through Hancock Prospecting, has taken a stake of over $1 billion in the $75 billion SpaceX IPO. Hancock confirmed it received an allocation in the heavily oversubscribed offering and flagged possible future commercial arrangements to supply minerals needed for SpaceX operations. SpaceX shares jumped 19…
Deutsche Bank lowered its relative preference for U.S. equities versus European equities to neutral after a preliminary U.S.-Iran agreement raised the likelihood that the Strait of Hormuz will reopen. The move reflects the bank's view that a reopening would reduce Europe-specific geopolitical risk, that U.S. technology stocks have already recovered…
British equities advanced on Monday following an announcement that the United States and Iran had agreed to an immediate halt to military operations and the reopening of the Strait of Hormuz. The move coincided with a sharp drop in oil prices, a rise in gold, and mixed geopolitical developments that include outstanding disputes over frozen assets a…
Saint-Gobain has entered a binding agreement to divest its specialist distribution business operating under the Dahl brand in Sweden, Norway and Denmark to Finnish trading company Kesko for €1.518 billion. The unit, which logged roughly €2 billion in sales in 2025, employs 2,700 people across 190 outlets and holds market-leading positions in plumbi…
Renault Group and Thales revealed the 4 TROOP tactical vehicle prototype at Eurosatory 2026. Built from a modified VCMR architecture, the 4 TROOP pairs Renault’s industrial platform capabilities with Thales’s secure communications and digital systems to deliver a configurable, multi-mission 4x4 hybrid vehicle that incorporates UAV systems, advanced…
Europe's STOXX 600 reached a fresh record on Monday after the United States and Iran agreed a preliminary pact to end their conflict and reopen the Strait of Hormuz. The pan-European index exceeded the high it recorded just before the war began, while major U.S. and Asian equity benchmarks remain comfortably above their pre-war peaks, supported by …
Tokyo stocks closed sharply higher on Monday, with the Nikkei 225 finishing up 5.33% at a fresh record. Strength in Real Estate, Banking and Textile sectors underpinned the rally. Several exporters and materials names delivered outsized gains, while some domestic consumer and internet-related stocks ended lower. Energy futures declined and volatili…
BCA Research's MacroQuant model triggered an 'emergency sell' alert when its equity z-score dropped to -1.01, prompting chief global strategist Peter Berezin to downgrade stocks to a 'slight underweight.' The model's sentiment reading, which points to 'extreme investor complacency,' and inflation indicators have driven the score lower. Berezin flag…
Bernstein identified Tokyo Electron, Kokusai Electric and Screen Holdings as its top picks among Japanese semiconductor equipment manufacturers, arguing that recent China market share movements reflect customer investment cycles and order timing rather than durable erosion of competitive positions. The broker assigned Outperform ratings to Tokyo El…
Asian technology shares and major chipmakers climbed sharply after news that the U.S. and Iran reached an interim agreement to halt hostilities and reopen the Strait of Hormuz. The move knocked Brent crude roughly 4% lower, reducing near-term inflation worries and prompting a rotation into growth-oriented and AI-exposed stocks across the region.
Morgan Stanley argues that a recent roughly 14% decline in UK utility equities since April 2026 reflects overdone market reaction to policy and macro uncertainty, and highlights National Grid, SSE and Pennon as preferred buys. The broker points to durable structural growth drivers - electricity network expansion, water infrastructure outlays and cl…
Morgan Stanley upgraded Ferrari to Overweight from Equal Weight on Monday, arguing the market has overly punished the stock for issues it views as temporary rather than structural. The bank increased its price target to €380 from €330, implying roughly 24% upside, and cited dealer feedback across the U.S. and Europe that points to stabilising resid…
Australian equities closed higher on Monday, with the S&P/ASX 200 advancing 1.25% to reach a new one-month peak. The market was driven by strength in the Gold, Metals & Mining and Materials sectors, while several energy-related names posted notable declines. Market volatility eased and commodities showed mixed moves, with gold up sharply and crude …
Australian magnate Gina Rinehart has acquired in excess of $1 billion of SpaceX shares, a move described as demonstrating Hancock’s confidence in CEO Elon Musk and the need for continued Western investment in technology and innovation, according to a Wall Street Journal report. The purchase comes on the heels of SpaceX's record initial public offer…
The U.S. Food and Drug Administration has accepted a supplemental Biologics License Application for Ultomiris (ravulizumab) from Alexion, part of AstraZeneca Rare Disease, and assigned Priority Review for treatment of adults with immunoglobulin A nephropathy (IgAN). The FDA’s Prescription Drug User Fee Act target action date is in the fourth quarte…
Tencent Holdings Ltd shares eased 0.5% to HK$461.4 after peaking at HK$476.8 as investors weighed intensified competition in artificial intelligence from Ant Group. Reports that Ant is piloting an AI assistant within the Alipay ecosystem to manage ride bookings, food orders, deliveries and financial transactions have put pressure on Tencent's own W…
The U.S. initiative to create a Western trading bloc that supports critical minerals production through price interventions and other market measures has encountered skepticism from G7 allies and disagreement within the U.S. mining and corporate community. Proposed mechanisms range from subsidies and guaranteed purchases to price floors set by an A…
Taiwan's benchmark rose 2.36% at Monday's close, powered by strength in the Glass, Plastic and Electricity sectors. Several individual stocks hit double-digit percentage gains, while a group of names posted steep declines, including two stocks reaching new lows. Energy and currency markets moved lower, with notable drops in crude and Brent oil pric…
Russians are adopting complex technical workarounds - from virtual private networks to dedicating separate phones to state-backed apps - to retain access to banned foreign messaging services and keep critical online services running. The Kremlin's stepped-up internet controls this year have at times disrupted banking, transport and e-commerce, fuel…
Elon Musk said SpaceX could generate $1 trillion in revenue by 2030 and suggested 2031 could be even larger. The comment came shortly after SpaceX’s public listing and a valuation above $2 trillion. While revenue grew in 2025, the company reported a substantial net loss, and some Wall Street analysts offer considerably lower long-term revenue forec…
European equity markets opened strongly after confirmation of a deal between the United States and Iran to halt hostilities and reopen the Strait of Hormuz. The STOXX 600 reached a record peak, energy prices fell sharply and rate-hike expectations were scaled back, lifting airlines, industrials and property names across the region.
Citi published an updated roster of top South Korean equity picks it believes are well positioned for growth tied to artificial intelligence infrastructure, semiconductor demand and domestic consumption. The list spans technology, industrial, retail and manufacturing companies, with individual selections tied to AI-related data center investment, c…
Starbucks Korea will close all its stores at 3 p.m. on June 22 for mandatory staff training on historical awareness and social sensitivity after a marketing promotion provoked public outrage and a significant fall in sales. Shinsegae Group, owner through affiliate E-Mart, has scheduled additional training sessions for headquarters staff and senior …
