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.
30,137 total articles
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 …
Bill Ackman is reportedly exploring a separate strategy at Pershing Square that would place big, asymmetric bets against prevailing market narratives. The approach is intended to replicate prior pandemic-era trades that produced substantial gains; the new vehicle would retain cash in short-term U.S. debt until deploying capital into large credit an…
Fagron reported first-quarter revenues of €263.4 million, a 10.3% increase year-over-year, driven by broad regional contributions and an acquisition completed during the quarter. The company reported 3.2% organic growth at constant exchange rates, highlighted strong performance in Latin America and progress integrating Pharmavit in the Netherlands,…
Rene Haas, chief executive of UK chip designer Arm, is expected to assume additional oversight within SoftBank Group’s international technology operations while remaining Arm’s CEO. The expanded remit would cover semiconductors, artificial intelligence and possibly robotics, intended to further SoftBank CEO Masayoshi Son’s push into AI hardware, an…
Shares of Zhipu AI (HK:2513) and MiniMax Group (HK:0100) climbed in Hong Kong trade as fresh model releases, price adjustments and broader AI product launches sustained a bullish tone for the sector. Zhipu led gains after unveiling GLM-5.1 and increasing model pricing for a second time this year, while MiniMax moved higher amid spillover demand and…
BHP Group's incoming chief executive, Brandon Craig, met this week in Beijing with Chinalco Chairman Duan Xiangdong to discuss expanding cooperation, according to a Chinalco WeChat post. The visit occurs amid an ongoing pricing dispute between BHP and China’s Mineral Resources Group, which has barred some steel mills from purchasing multiple BHP pr…
Pony.ai, Uber and Verne announced a partnership to introduce the first commercial robotaxi service in Europe, beginning operations in Zagreb. Pony.ai will supply its Gen-7 autonomous driving system, Verne will act as fleet owner and operator and lead regulatory coordination, and Uber will integrate the service into its ride-hailing app while invest…
Asian equity markets traded largely flat to lower after a prior risk-on rally lost momentum, with investors reacting to renewed doubts over the terms of a Pakistan-mediated ceasefire between the U.S. and Iran. Oil prices moved higher as the Strait of Hormuz - effectively blocked by Iran - showed little sign of reopening, keeping markets on edge. Ma…
Alibaba shares declined in Hong Kong following Jefferies' reduction of its price target for the company's U.S. listing. The brokerage highlighted increased spending to promote Alibaba's Qwen AI products and larger-than-expected losses in non-core businesses as drivers of the adjustment. Despite maintaining a Buy rating, Jefferies sees near-term ear…
FedEx and the Air Line Pilots Association (ALPA) announced a tentative agreement after prolonged negotiations that began in May 2021. The pact outlines a roughly 40% hourly wage increase in 2026, subsequent annual raises from 2028 through 2030, and significant retroactive pay for captains and first officers. The agreement will be reviewed by the Fe…
