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.
25,383 total articles
Goldman Sachs downgraded Banco Comercial Portugues (Millennium bcp) from Buy to Neutral and initiated coverage of Banco de Sabadell with a Sell rating, arguing that recent share price gains have reduced upside potential. Millennium bcp shares slipped in Lisbon while Sabadell shares also declined after the calls. Goldman assigned 12-month price targ…
Japanese lunar logistics firm ispace has purchased 500 kg of payload capacity on a future SpaceX Starship flight for $50 million and will construct a lunar surface vehicle to carry multiple customers' cargo. The new 'lunar access integrator' service is intended to provide lower-cost, ride-share passages to the moon and to sit alongside ispace's ded…
Repsol shares climbed sharply after a U.S. presidential statement at a NATO summit triggered a rise in Brent and WTI prices. The stock’s move was underpinned by the company’s Q2 production and refining margin, plus the scheduled interim dividend payment, creating a confluence of macro and company-specific drivers.
Pirelli & C SpA shares dropped more than 3% after Citi Research cut its rating from Buy to Neutral, citing a 17% rally over six months and overbought technicals. Citi raised its price target slightly to €7.50 while keeping near-term and 2026 earnings largely in line with consensus. The brokerage flagged next week’s second-quarter results as the nex…
Repsol shares rose about 4% following the company's second quarter trading update and a parallel rise in oil prices amid tensions with Iran. The firm reported production of 558,000 barrels of oil equivalent per day in Q2, a 4% increase from the prior quarter, and a refining margin indicator of $14 per barrel. While margins topped some analyst forec…
Swiss Re's research institute warns that global insurance total premium growth will decelerate in 2026, attributing the slowdown to the economic effects of the latest Middle East conflict, upward pressure on inflation and a trend toward a more fragmented global economy. The firm projects 1.3% real growth for premiums in 2026, down from an estimated…
Occidental Petroleum shares jumped in pre-market trading after Evercore upgraded the stock and raised its price target, citing a stronger balance sheet and improved capital efficiency. A recent selloff left the shares deeply discounted and more sensitive to oil-price moves, while analysts expect a sizable year-over-year earnings rebound for the cur…
Mercedes-Benz said second-quarter deliveries in its core car business declined 8% year-on-year, driven by a pronounced 30% fall in China. The automaker reported growth in the U.S. and Europe and a 50% increase in battery-electric vehicle sales to 63,000 units. Mercedes cited an intensifying competitive environment in China and the timing of its pro…
Health plans participating in the Affordable Care Act marketplace have submitted filings seeking a median 14% rise in premiums for 2027 versus 2026, a level KFF characterizes as the second-largest requested increase since 2018. Insurers point to a sicker enrollee mix, ongoing inflationary pressures, higher medication costs and provider consolidatio…
The European Union’s General Court in Luxembourg has dismissed Apple’s legal actions contesting its classification as a gatekeeper under the Digital Markets Act (DMA) for the App Store and iOS. Judges upheld the European Commission’s decision to treat the company’s App Stores across iPhone, iPad, Mac, Apple TV and Apple Watch as a single core platf…
Kepler Cheuvreux upgraded Orange from Hold to Buy and increased its price target to €20.20, citing tangible consolidation in the French telecom market. The broker says in-market consolidation now represents a majority of Orange's enterprise value and forecasts significant free cash flow upside from higher ARPU, reduced churn and cost synergies tied…
Alibaba shares jumped 12.2% to HK$107.5 after a pre-earnings briefing showed the company narrowed losses at its instant-commerce unit in the June quarter while maintaining overall profitability. Reports that Alibaba is combining three enterprise AI Agent tools into a single platform led by DingTalk CEO Chen Yusen, accelerating cloud revenue in fisc…
Talanx AG shares fell more than 3% following an announcement that shareholder Meiji Yasuda is offering roughly 4.3 million Talanx shares at €110.70 each, a discount to the prior close. Morgan Stanley said the transaction, if completed, would ease a key constraint on the stock - limited liquidity - and noted Talanx trades at a discount to peers on f…
Indonesia's stock market closed lower on Wednesday, led by declines in the Infrastructure, Financials and Agriculture sectors. The IDX Composite fell 1.05% at the Jakarta close. A small group of stocks registered large percentage gains, while several property and industrial names posted double-digit drops. Commodities and FX moves accompanied the e…
Alibaba Group's shares jumped sharply in Hong Kong and the U.S. after a pre-earnings analyst briefing indicated narrowing losses in its instant-commerce unit for the June quarter and steady overall profitability. The move helped lift the Hang Seng Tech gauge and prompted a broader rotation across Asian markets as investors pulled capital from semic…
Boku shares plunged after the payments firm issued an unaudited trading update for H1 2026 that materially downgraded its full-year revenue and adjusted EBITDA guidance. The market reacted sharply to the shortfall against consensus, with the stock falling to new 52-week lows despite recent strategic agreements and an active share repurchase program…
Telenor ASA agreed to purchase a controlling stake in Bahnhof AB, acquiring 50.8% from the founders at SEK60 per share and an additional 6.7% from another investor at SEK62 per share. The deal triggered a mandatory public cash offer for remaining shares at SEK62, driving Bahnhof shares sharply higher to SEK60.60. The transaction is subject to regul…
International Consolidated Airlines Group S.A. (IAG) shares eased 1.7% to 469.3p as broader market caution tied to fresh U.S.-Iran strikes prompted a modest selloff. The retreat reflects profit-taking close to a 52-week high, even as major brokerages maintain positive ratings and raise targets and estimates ahead of the group's July 31, 2026 earnin…
IG Group Holdings PLC shares fell after the online broker outlined a proposal to re-domicile its holding company to Jersey and published a half-year trading update showing approximately 18% revenue growth to about A3643 million, driven largely by recent acquisitions rather than organic expansion. The planned Jersey restructuring is subject to FCA a…
Rheinmetall AG shares declined 4.2% to €1,065.1 after Berenberg and other firms reduced price targets in the wake of the canceled F126 frigate contract. Analysts pared earnings forecasts for 2026-2028 to reflect the lost naval work even as a memorandum with Lockheed Martin to co-produce ATACMS at Rheinmetall’s Unterluess plant and a €73 billion ord…
UniCredit has confirmed it now owns 47.6% of Germany’s Commerzbank after completing a tender offer that closed earlier this month. The Italian bank began accumulating a 26.7% position in September 2024 and launched the May offer to lift its holding above the 30% threshold that alters purchase obligations under German law. The tender drew acceptance…
Deutsche Lufthansa AG shares fell during today’s session after Citi cut its rating to Sell and set a €8.70 price target, saying the stock had outpaced fundamentals following a strong rally from April lows. The downgrade, coupled with an upgrade for rival IAG and cautious notes from Barclays, prompted profit-taking as the airline faces elevated cost…
Bahnhof AB shares jumped after Telenor announced an agreement to acquire a controlling stake in the Swedish broadband operator, setting a SEK 62-per-share mandatory offer and valuing Bahnhof at SEK 6.1 billion on an enterprise value basis. The transaction would substantially raise Telenor’s share of the Swedish consumer broadband market and is expe…
TGS NOPEC Geophysical Company ASA said preliminary results point to produced revenue of about $400 million for the second quarter of 2026, topping a company-collected consensus of $359 million and lifting the stock more than 7%. Management also flagged higher multi-client investment versus the prior year, changes in vessel and crew allocations, and…
SK Hynix is set to close the bookbuilding process for a $28 billion American depositary receipt (ADR) offering on Wednesday U.S. time after orders covered the offering multiple times. Underwriters plan to close U.S. books at 4 p.m. Eastern Time, provide pricing guidance following the South Korean market close on Thursday, and finalise allocations l…
