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.
9,368 total articles
Japan’s Sumitomo Mitsui Financial Group has formed an internal unit to track market conditions and position itself to pursue a potential purchase of Jefferies Financial Group should the U.S. investment bank’s share price reach a level SMFG deems attractive. Jefferies shares jumped in U.S. pre-market trading following the disclosure, while the firm …
European equities rose modestly from recent lows as market participants weighed mixed developments in the Middle East alongside the prospect of higher energy-driven inflation for Europe. Energy shares led gains but broader advances were capped by recession and earnings-related worries, with SAP sliding after a broker downgrade and Puig rallying on …
JPMorgan has downgraded SAP to Neutral from Overweight and reduced its price target to €175 from €260, pointing to a slowdown in cloud backlog growth and added uncertainty from potential strategic shifts toward consumption-based revenue. The bank also trimmed its non-IFRS EBIT and EPS forecasts for 2026–2028 by mid-single-digit percentages, and U.S…
European equity benchmarks opened with modest gains as investors continued to weigh ongoing air strikes in the Middle East. Oil moved higher following a period of extreme volatility, with Brent crude trading above $100 a barrel. Developments included a temporary U.S. postponement of strikes on Iranian energy infrastructure and continued reports of …
Reports indicate Japan’s Sumitomo Mitsui Financial Group has assembled a team to prepare for a potential acquisition of U.S. investment bank Jefferies should the latter’s falling share price create a viable opportunity. Jefferies shares jumped in Frankfurt after the report. The U.S. firm has faced steep share declines and legal scrutiny tied to exp…
SK Hynix is evaluating a U.S. listing of American depositary receipts that could raise between 10 trillion and 15 trillion won (about $10.03 billion). The company plans to issue new shares to support the ADRs, with proceeds likely earmarked for artificial intelligence infrastructure and expanded memory production capacity. Management has said the m…
Kingfisher reported a 6% increase in full-year adjusted pre-tax profit to £560 million, supported by B&Q and Screwfix growth, while taking a £73 million goodwill impairment at its Castorama France unit. The French market contraction and a series of international charges weighed on the outlook even as gross margin expanded and management approved a …
ZYT, a Shenzhen-based autonomous driving start-up spun out of drone maker DJI, says its new AI driving system already handles complex urban driving in Shenzhen better than the company’s CEO. The firm will display the system at the Beijing auto show in April and is adapting the model for heavy-duty trucks and passenger cars while working to compress…
Grab Holdings has agreed to acquire Delivery Hero’s foodpanda delivery operations in Taiwan for $600 million in cash, marking its first expansion beyond Southeast Asia. The transaction, valued at 0.33 times foodpanda Taiwan’s 2025 gross merchandise value, is expected to close in the second half of 2026 pending regulatory approval. Analysts broadly …
Bank of America singled out nine U.S. mid-cap banks it believes are set to outperform peers, citing margin expansion, sustained loan growth momentum and improved prospects for returning capital to shareholders. The list spans lenders leaning on commercial relationship banking, fee-income engines and regional market-share gains, with company-specifi…
Berlin's plan to build a 100-satellite low-Earth-orbit (LEO) military communications network in partnership with Rheinmetall, OHB and Airbus, on top of the European Union's 10.6 billion euro IRIS² programme, has prompted objections from several EU lawmakers. Critics warn the parallel initiative could lead to duplicate infrastructures, fragmented st…
Oracle is reworking its cloud-based Fusion suite to support AI agents that can gather data and perform execution tasks so human workers can concentrate on decision-making. The changes, announced at a London event, reflect a wider industry push to adapt specialized corporate applications for agent-driven workflows. Oracle's stock has fallen about 40…
Taiwan's benchmark ended the session in negative territory, slipping 0.43% as notable gains in a few small-cap industrials contrasted with steep declines in some memory and electronics names. Commodity prices and currency moves were mixed, with crude oil up sharply while gold fell. Market breadth data reported an unusual 0 to 0 reading for advancer…
Broadcom warned that production capacity at its manufacturing partner TSMC is becoming a bottleneck as demand for AI infrastructure strains advanced chip fabs. The company also flagged shortages in laser components and printed circuit boards, prompting customers to seek multiyear supply agreements to secure capacity.
Australian equities closed modestly higher on Tuesday, with the S&P/ASX 200 finishing up 0.16% as gains in the Gold, Metals & Mining and Materials sectors helped offset weakness in several midcap names. Volatility as measured by the S&P/ASX 200 VIX eased, while commodity and currency markets saw mixed moves, including a sharp rise in crude …
WuXi AppTec reported a sharp rise in full-year net profit attributable to shareholders, driven by robust performance in its core chemistry division and increased revenue from U.S. clients. The company posted improvements in adjusted profit and gross margin, set a 2026 revenue range implying double-digit growth for continuing operations, and propose…
Since the U.S.-Israeli strikes on Iran began in late February, U.S. equities have declined less than many global peers. Analysts point to lower direct energy exposure, a heavier weighting in technology, and a stronger dollar as factors supporting U.S. stocks. Yet strategists caution that the current outperformance may prove fragile if the Middle Ea…
New passenger car registrations across the EU, Britain and the European Free Trade Association increased 1.7% in February to 979,321 units, driven by continued growth in electrified vehicles. Battery-electric, plug-in hybrid and hybrid models now make up roughly two-thirds of monthly registrations. Tesla reversed a year-long decline with an 11.8% r…
Keymed Biosciences said it holds an indirect 15% stake in Ouro Medicines and may receive up to $320 million from Gilead Sciences’ takeover of Ouro. The payments include a $250 million upfront cash sum and up to $70 million in milestones. Keymed's shares rose in Hong Kong trade, and the company plans to use proceeds to strengthen cash reserves and a…
Iran launched several waves of missiles toward Israel, setting off air raid sirens including in Tel Aviv and causing some property damage in the north after interceptions. U.S. President Donald Trump said productive talks with Iranian officials led him to delay a planned strike on Iran's power grid, a claim Tehran later disavowed. Conflicting state…
Nintendo will reduce planned production of its Switch 2 to 4 million units in the current quarter, down from an initial plan of 6 million, after holiday demand underperformed internal forecasts, particularly in the United States. The company’s shares dipped following the report. Broader pressures cited include elevated global memory prices and soft…
The U.S. Senate voted 54-45 to confirm Sen. Markwayne Mullin as the next secretary of Homeland Security. Mullin, an Oklahoma Republican, will lead immigration enforcement operations in President Donald Trump’s second-term administration and succeeds Kristi Noem. His confirmation comes while the Department of Homeland Security is in a funding stando…
Most Asian equity markets rose on Tuesday but failed to sustain early advances as investors weighed conflicting reports about potential de-escalation between the US and Iran. Tokyo benchmarks gained after softer-than-expected inflation and slower manufacturing data, while broader regional indexes pared rallies amid renewed Middle East attacks and a…
Amazon Web Services is moving to enlarge its data centre footprint in India to between 2 and 3 gigawatts of capacity, underpinned by letters of intent with several colocation providers and the prospect of tax incentives. The expansion focuses on Mumbai and Hyderabad and follows earlier commitments to invest in the Mumbai region.
A large explosion at Valero Energy's Port Arthur refinery triggered a substantial fire and visible smoke plume, prompting local shelter-in-place orders. The refinery, one of the largest in the U.S. with roughly 380,000 barrels-per-day capacity, has not confirmed whether operations were affected and Valero did not immediately respond to a request fo…
