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Latest Articles

ASML’s Moat Under Scrutiny After China’s DUV Push Sends Stock Lower

ASML’s Moat Under Scrutiny After China’s DUV Push Sends Stock Lower

ASML ADR plunged -7.37% to $1,627.64 after reports that a state-backed Shanghai firm has produced limited immersion DUV lithography tools slated for Chinese customers. While China represents roughly 20% of ASML’s 2026 revenue and DUV sales are a material component of that exposure, the company’s strategic competitive edge centers on EUV and the new…

Madrid Stocks Close Higher as IBEX 35 Rises 0.80%

Madrid Stocks Close Higher as IBEX 35 Rises 0.80%

Spanish equities ended the session in positive territory, with the IBEX 35 up 0.80% at the close in Madrid. Indra A, Amadeus IT and Logista were the session leaders, while ACS, Acciona and Sacyr recorded the largest declines. Commodity moves included a rise in gold futures and steep falls in crude oil and Brent contracts.

KLA Shares Drop After Report of China Mass-Producing Immersion DUV Equipment

KLA Shares Drop After Report of China Mass-Producing Immersion DUV Equipment

KLA Corp shares fell sharply mid-day after a report that a Shanghai state-backed firm has begun mass production of domestically made immersion deep ultraviolet lithography machines. The development rattled the semiconductor equipment sector, driving declines in Applied Materials and Lam Research and putting pressure on KLA, which derives roughly on…

Stockholm Shares Close Higher as OMX Stockholm 30 Advances 0.57%

Stockholm Shares Close Higher as OMX Stockholm 30 Advances 0.57%

Sweden's equities ended the session higher, with the OMX Stockholm 30 rising 0.57% at the close in Stockholm. Gains were concentrated in the Telecoms, Healthcare and Financials sectors. Several individual stocks recorded notable moves, while global commodities markets saw crude oil prices fall and gold tick slightly higher. Currency pairs involving…

Helsinki Stocks Slip; OMX Helsinki 25 Closes 0.40% Lower

Helsinki Stocks Slip; OMX Helsinki 25 Closes 0.40% Lower

Finland's benchmark OMX Helsinki 25 finished lower on Monday, pressured by declines in the oil & gas, telecommunications and utilities sectors. While several industrial and software-related stocks rallied, broader market moves were influenced by notable drops in energy names and shifts in global commodity prices.

Michelin H1 Revenue Slightly Under Estimates as Operating Margins Improve

Michelin H1 Revenue Slightly Under Estimates as Operating Margins Improve

Michelin reported first-half sales of €12.69 billion, narrowly missing analyst expectations of €12.74 billion. While reported revenue fell 2.6% year-on-year, it rose 0.5% at constant exchange rates, with a 3.1% negative currency impact. Net income amounted to €766 million, below the €977 million estimate. Segment operating income rose to €1.45 bill…

SNDL Announces Completion of Parallel Asset Acquisition and Positions for Nasdaq-Consolidated U.S. Medical Cannabis Operations

SNDL Announces Completion of Parallel Asset Acquisition and Positions for Nasdaq-Consolidated U.S. Medical Cannabis Operations

SNDL Inc. announced the completion of the acquisition of assets from Parallel, a U.S. vertically integrated cannabis operator with operations in Florida, Texas, and Massachusetts. The transaction was completed via a secured creditor foreclosure, reducing Parallel's debt burden and giving SNDL indirect majority exposure to 66.7% of the equity and 69…

LVMH Posts Modest Revenue Gain as US Strength Counters Middle East Drag

LVMH Posts Modest Revenue Gain as US Strength Counters Middle East Drag

LVMH reported a 3% currency-adjusted rise in second-quarter sales to €19.5 billion, driven principally by stronger U.S. consumption. The fashion and leather goods division returned to modest organic growth for the first time in two years but fell short of analyst expectations. First-half reported sales declined while operating profits softened.

UK PM Andy Burnham Says Stamp Duty Will Stay Unchanged in Next Budget

UK PM Andy Burnham Says Stamp Duty Will Stay Unchanged in Next Budget

Prime Minister Andy Burnham confirmed the upcoming budget will not include changes to stamp duty on property sales. The tax raised £16.6 billion in the last financial year and is often cited by economists as a barrier to mobility. Burnham reiterated the government’s intent to make taxation fairer while flagging spending pressures that could require…