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.
17,808 total articles
Marvell Technology shares jumped sharply in pre-market trading after Nvidia CEO Jensen Huang publicly endorsed Marvell at Computex Week in Taipei on June 2 and announced a $2 billion strategic investment. The endorsement compounded a strong May 27 quarterly report - record Q1 FY27 revenue of $2.418 billion, non-GAAP EPS of $0.80, and record operati…
AkzoNobel shares plunged about 19% in early trading after Nippon Paint and Sherwin-Williams abandoned their joint bid for the Amsterdam-based paint and coatings maker. The withdrawal followed AkzoNobel's rejection last week of a €12.5 billion all-cash, non-binding proposal that would have split the business between the two buyers. AkzoNobel's board…
BP shares rose on Wednesday after reports that advanced negotiations to sell UK North Sea assets to Ithaca Energy for close to £2 billion had broken down in recent weeks. Sources told the Financial Times the proposed transaction fell through, though BP is said to still be pursuing a sale and could engage other potential buyers. The discussions come…
Partners Group's stock fell 12.5% to CHF 718, establishing a fresh 52-week low as the firm continues to contend with allegations from a short-seller report and doubts about fundraising and deployment momentum. Legal action against the short seller and corrections to portions of the report have not yet restored confidence, while investors await a Ju…
B&M European Value Retail's shares climbed 13.8% to 194p after the retailer released preliminary FY26 figures showing a 37.5% drop in adjusted profit before tax to £284 million, a 25.9% fall in adjusted EBITDA to £459 million, and group revenue up 3.6% at £5.78 billion for the 52 weeks to March 28, 2026. The market reaction reflected relief that re…
European stock indexes opened lower Wednesday while crude oil prices and eurozone government bond yields rose after new missile strikes reduced the chances of a rapid resolution to the Iran conflict. Movers included energy-sensitive airlines and textile retailer Inditex, with investors recalibrating rate expectations for the European Central Bank.
Barclays strategists say global equity markets can extend their advance despite concentrated gains in AI and semiconductor names that appear stretched. The bank highlights strong corporate earnings, abundant liquidity and corporate buybacks as pillars of the bull market, while flagging a set of risks - from extended hedge fund positioning to rising…
British equity markets edged lower as renewed hostilities in the Gulf and a fresh set of proposed U.S. trade duties unsettled investors. Rising oil prices and disruptions in regional aviation added downward pressure on sentiment, while several UK-listed retailers released mixed full-year and trading updates.
Europe's General Court on June 3 delivered a split ruling in Meta Platforms' legal challenge to the European Commission's decision to designate two of its services as gatekeepers under the Digital Markets Act. The court found the explanation for Marketplace's gatekeeper label deficient, while upholding the designation for Messenger.
Japan's equity market closed higher Wednesday, with the Nikkei 225 advancing 2.61% to a new record. Strength in Real Estate, Banking and Textile sectors underpinned the rally. Several individual stocks posted double-digit gains, while others slid, and market volatility and commodity price movements were notable ahead of close.
Global smartphone shipments are forecast to fall 13.9% this year to 1.08 billion units, the largest annual contraction on record, as a worsening memory chip shortage - worsened by the Iran war - squeezes production, particularly for low-end devices. Wholesale prices rose sharply in Q1 even as volumes declined, and analysts warn certain sub-$150 mod…
Ramsdens Holdings has increased its full-year profit-before-tax projection after reporting a first-half pretax profit of £16.7 million, helped by elevated gold prices and robust performance across its precious metals, jewellery retail and pawnbroking operations. The company now expects fiscal 2026 profit before tax of £30 million to £33 million and…
Deutsche Bank increased its price target for Gooch & Housego to 1150 pence from 880 pence and kept a Buy rating following the company's first-half results that showed revenue and order growth alongside slightly better-than-expected EBIT. The bank also revised targets for Anglo American, Liontrust and Hexagon, reflecting an integrated modelling appr…
The S&P/ASX 200 closed higher in Sydney on Wednesday, supported by advances in Energy, Resources and Materials stocks. The index finished up 0.70%, with Paladin Energy and Tuas among the largest percentage gainers, while Lovisa, Lend Lease and Temple & Webster were the session's biggest decliners. Commodity prices moved mixed, with oil higher and g…
Chinese semiconductor stocks climbed sharply amid advance buying ahead of a Shanghai Stock Exchange index rebalancing that analysts estimate could generate more than $48 billion in gross two-way passive flows. Gains were concentrated in AI chip designers, GPU makers, equipment suppliers and foundries as investors priced in both the prospect of size…
Goldman Sachs reiterated Buy recommendations for Telia Company, Telenor and Tele2, pointing to structural improvements in the Swedish market that support stronger pricing and earnings growth across the Nordic telecom sector. The bank flagged lower competitive intensity and the prospect of consolidation as key drivers for industry-wide EBITDA expans…
Taiwan's main index rose to a fresh all-time closing high, led by gains in plastics, information services and computer-peripheral names. Several stocks advanced by the session limit while a handful of small-cap issues posted sharp declines. Oil and Brent futures strengthened, while gold futures slipped and the US dollar held near recent levels.
Applied Materials intends to grow its workforce in Southeast Asia by roughly 25% this year, adding about 1,000 positions predominantly in Singapore. The company has increased its regional headcount from about 3,300 two years ago and projects nearly 4,000 employees by the end of 2025. Singapore is described as the firm’s central manufacturing, logis…
Britain's Competition and Markets Authority has set new conduct obligations for Google’s search services under the digital markets competition regime. The measures include a publisher opt-out from training Google’s AI models and a requirement that content from publishers be clearly attributed with links in AI-generated search responses. The move fo…
Clas Ohlson reported fourth-quarter net sales of SEK 2.61 billion, an 11% increase year-over-year driven by 9% organic growth and a 25% rise in online revenue. Operating profit climbed to SEK 180 million, up 66% from the prior year, while net income reached SEK 139 million and earnings per share were SEK 2.18. The board has proposed a total dividen…
IHI Corp said its consolidated subsidiary, IHI Aerospace, has been suspended from participating in competitive bidding by the Japan Aerospace Exploration Agency (JAXA) for five months, effective June 2, after the unit was found to have claimed costs on contracts using reports that did not accurately reflect work status. The announcement prompted an…
Kioxia surged to an intraday record after announcing a progressive dividend policy and flagging potential share buybacks, with management saying the company expects to benefit from long-term AI-driven memory demand. The stock briefly rose to a market capitalization that placed it among Japan's largest listed firms, overtaking Toyota in Nikkei 225 m…
DeepSeek is preparing to raise roughly 50 billion yuan in its inaugural funding round, with major Chinese investors Tencent and CATL poised to be the largest external backers. The potential financing could place the company’s valuation between 350 billion and 400 billion yuan, and founder Liang Wenfeng has pledged 20 billion yuan of his own funds. …
KPMG Australia’s chief operating officer, Eileen Hoggett, has stepped back from her executive responsibilities and will continue as an audit partner while investigations proceed. The move follows resignations at the firm and emerging allegations that confidential board papers from Lendlease were used in bids for major audit tenders at Westpac and D…
Chinese artificial intelligence startup DeepSeek is preparing to secure roughly 50 billion yuan in an inaugural financing round, with major commitments expected from its founder and strategic investors including Tencent and CATL. The deal would place the company at a post-money valuation between 350 billion and 400 billion yuan, while discussions w…
