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.
20,596 total articles
UBS downgraded Norsk Hydro to neutral from buy in a note dated Thursday, leaving its NKr110 price target unchanged. The bank cited roughly 20% share-price appreciation since the start of the Middle East conflict, a valuation it views as fair at about 6x 2026 EV/EBITDA and a roughly 6% free cash flow yield. UBS pointed to supportive aluminium market…
Rene Haas, currently CEO of chip designer Arm, is reportedly set to assume broad responsibilities for SoftBank’s international operations while maintaining his role at Arm. The appointment is presented as part of an effort to advance SoftBank’s Project Izanagi AI chip strategy. SoftBank and Arm declined to comment, and the report indicates Haas wou…
Jefferies upgraded Rexel to a buy rating and increased its price target to €43.10 from €32, implying about 27% upside from the prior close of €33.90. The broker raised 2026-27 estimates, pointed to continued strong growth in data centres, favourable pricing dynamics and margin expansion potential, while describing current guidance as conservative.
Mercedes-Benz reported a 6% decline in global vehicle deliveries in the first quarter of 2026, with quarterly sales falling to 419,400 units. Gains in Europe and the United States were outweighed by a 27% drop in China as the automaker begins phasing out entry-level models ahead of new launches, characterizing 2026 as a "transition year" in its lar…
J.P. Morgan has placed Richemont on Positive Catalyst Watch ahead of the group's FY26 results on May 22, citing anticipated strong momentum in jewellery maisons and signs of improved operational execution. The stock, down 12% year-to-date, could offer an attractive re-entry point if upcoming results confirm expected double-digit jewellery growth, t…
General Motors has initiated a recall covering 32,988 Corvette vehicles after a software fault in the lighting control module could prevent the system from detecting a failed rear turn signal, according to a notice filed with the National Highway Traffic Safety Administration. Affected cars are 2025 and 2026 model year Corvettes across multiple tri…
Indonesia's benchmark index closed modestly higher, supported by strong performances in agriculture, basic industry and property stocks. Market breadth favored decliners, while oil prices rose and the rupiah weakened against the dollar, with gold easing and the US Dollar Index Futures marginally lower.
Shares of French optical components manufacturer Exosens dropped more than 6% after an after-hours block sale placed 2.25 million shares, or roughly 4.4% of the company, at €64.40 each - about a 4% discount to the prior close. The seller was not disclosed; known large shareholders include HLD (22.4%) and Bpifrance (7.22%). The trade follows earlier…
Shares of Playtech Plc fell more than 3% after rival Evolution AB said it had asked the Superior Court of New Jersey to amend an existing defamation suit to name Playtech and other parties. Evolution alleges Playtech commissioned a report containing false claims about its business, shared the material with regulators and media, and failed to disclo…
Citi reiterated an overweight stance on European banks and raised its ratings on Lloyds and Deutsche Bank, citing improved earnings prospects, valuation support after recent volatility, and a forward curve that now implies ECB rate hikes. The bank highlighted HSBC, NatWest and Societe Generale as top sector picks and expects continued earnings upgr…
European equities rallied sharply after a U.S.-Iran agreement for a two-week ceasefire, lifting the STOXX 600 by 3.7% and pushing major regional indexes higher. The ceasefire and easing of threat to shipping through the Strait of Hormuz sent oil prices below $100 a barrel and supported big moves across travel, industrials, banks, steel and technolo…
Seven & i Holdings said it has postponed the planned listing of its North American operations to the financial year beginning April 2027 or later, citing greater market uncertainty and unpredictability in consumer spending. The operator of the 7-Eleven chain reiterated a pledge to repurchase about 2 trillion yen of shares by fiscal 2030 and confirm…
European equity indices slipped on April 9 after a strong rally, as doubts about the stability of a two-week U.S.-Iran ceasefire and renewed regional hostilities prompted caution. Key benchmarks were mixed, industrials led losses while energy rallied, and markets awaited U.S. personal consumption expenditures data for inflation guidance. British Am…
UniCredit said the uncertainty from a possible full integration with Commerzbank may prompt departures of employees who hold "fundamental institutional knowledge," a development that could translate into lost clients for both banks. The Italian group, which holds almost 30% of Commerzbank, has proposed a near 35 billion euro all-share offer and sig…
Bernstein is advising investors to consider buying shares of Indian wealth managers, saying recent market-driven declines are disproportionate to the underlying business resiliency. Analyst Manas Agrawal highlights client stability among high-net-worth clients, diversified asset allocations, and easing concerns over competitive pressures. The firm …
European markets opened with modest divergences on Thursday as renewed tensions in the Middle East and a rebound in oil prices tempered appetite following the previous session's gains. At 03:08 ET (07:08 GMT) the Stoxx 600, Germany's DAX and France's CAC 40 were lower, while the UK’s FTSE 100 posted a small advance. Heightened geopolitical rhetoric…
Japan's stock market closed lower on Thursday, with the Nikkei 225 down 0.53% as sector declines outpaced gains. Broad market weakness was evident with more than twice as many declining issues as advancing ones. Individual movers included strong gains for Yokogawa Electric and Furukawa Electric, while Aeon plunged sharply.
Bitcoin slid from gains made earlier in the week as concerns surfaced over the durability of a tentative U.S.-Iran ceasefire and Iran's continued restrictions on the Strait of Hormuz. Wider crypto markets and other risk assets lost momentum amid renewed geopolitical tensions and lingering uncertainty over regulatory clarity in the U.S.
RBC Capital Markets says UK regulated utilities provide strong earnings visibility and cash flow growth supported by asset expansion and inflation-linked regulatory frameworks. The brokerage maintained outperform ratings on Pennon Group and SSE, with price targets of 650p and 3,025p respectively, and left National Grid and Severn Trent at sector pe…
British American Tobacco has appointed Dragos Constantinescu as its new chief financial officer, effective September 1. Constantinescu rejoins BAT after a 16-year prior tenure and a period leading Asahi Europe & International. He will take over from interim finance chief Javed Iqbal as the company advances a strategic shift from combustible cigaret…
Australian equities finished higher on Thursday, with the S&P/ASX 200 rising 0.24% to reach a new one-month high. Strength in the Energy, Utilities and Financials sectors underpinned gains, while several individual stocks recorded significant moves in both directions. Market breadth skewed negative as decliners outpaced advancers and implied volati…
Taiwan stocks ended Thursday's session materially higher, with the Taiwan Weighted up 2.02%. Strength in Electronic Parts/Components, Oil, Gas & Electricity and Plastic sectors propelled the advance. Individual movers included all-time highs for ITEQ Corp and Ta Liang Technology, while several small-cap names posted steep declines. Commodities and …
A government survey shows Japan's household confidence index dropped to 33.3 in March, slipping 6.4 points from February in the largest month-on-month fall since April 2020. The decline, captured in a survey conducted March 6-23, undershot expectations and was attributed to higher fuel costs related to the Middle East conflict, raising policy chall…
Aluminum Corp of China (HK:2600), known as Chalco, said it expects first-quarter net profit attributable of 5.30-5.59 billion yuan, a 50%-58% rise year-on-year, citing elevated aluminum prices and improved bauxite self-sufficiency. Shares rose about 3% in Hong Kong and Mainland trade, outperforming broader market indices.
Bank of America has singled out a group of Asia-Pacific semiconductor firms it sees as well positioned to capture a rising share of revenue tied to artificial intelligence processor demand. The bank’s analysis emphasizes volume and revenue estimates tied to partnership-driven TPU and ASIC programs, led by Taiwan Semiconductor Manufacturing Company …
