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.
18,056 total articles
Up Fintech Holding Ltd shares plunged in pre-market trading after China’s securities regulator announced penalties for its Tiger Brokers unit for operating an unlicensed cross-border brokerage on the mainland. The China Securities Regulatory Commission named Tiger Brokers, Futu Holdings and Longbridge Securities and said it would confiscate illegal…
UBS raised its S&P 500 year-end price objective to 7,900 from 7,500 and unveiled a June 2027 target of 8,200, driven largely by higher earnings estimates. The bank lifted its 2026 S&P 500 EPS forecast to $335 from $310 and introduced a 2027 EPS projection of $375. Upward revisions are concentrated in semiconductors and energy, supported by stronger…
Shares of Futu Holdings plunged in pre-market trade after China’s securities regulator opened formal administrative penalty proceedings and ordered strict operational limits on several offshore brokerages, including Futu. The China Securities Regulatory Commission (CSRC) said it will seek confiscation of illicit gains and ban offshore brokers from …
Indian benchmark indices finished the session higher, with the Nifty 50 up 0.27% and the BSE Sensex 30 rising 0.31%. Gains were concentrated in banking, metals and consumer durables stocks, while select pharmaceutical and energy companies weighed on the market. Market breadth was positive on both exchanges and volatility as measured by the India VI…
Brembo has agreed to establish a joint venture with Ningbo Huaxiang Electronic to bring its Sensify intelligent, fluid-free by-wire braking system to the Chinese automotive market. The move follows Brembo's recent production start for a major global manufacturer and new customer wins. The transaction is subject to standard regulatory approvals.
Bank of America's Bull & Bear Indicator climbed to 8.0 from 7.8, generating a contrarian sell signal for risk assets even as strategists led by Michael Hartnett say investors are unlikely to reduce equity exposures before a potentially historic pipeline of initial public offerings. The rise was driven by strong tech inflows, a record monthly increa…
Exchange-traded funds focused on the space economy have seen a rapid infusion of capital and a wave of new launches following signals that SpaceX intends to pursue an initial public offering. Asset flows lifted total assets in the niche to $3.3 billion after $1.3 billion in fresh money in the past month, and several new ETFs have emerged alongside …
The Aluminium Corporation of China (Chalco) said its board approved on June 26, 2025 a plan by a Hong Kong subsidiary to invest in a 1.2-million-ton-per-year alumina project in Guinea. The investment, Chalco's first alumina program outside China, is estimated at about $1 billion. An amended mining agreement was signed by three subsidiaries and the …
Standard Chartered CEO Bill Winters apologized for upsetting colleagues with remarks about artificial intelligence replacing certain roles, while maintaining the substance of his statements that the bank will reduce about 8,000 back-office support positions as it deploys AI technology. Winters posted a transcript of his full remarks and emphasized …
Bank of America moved both Rio Tinto and BHP Group from Buy to Neutral, citing lofty valuations, a turn lower in China’s credit impulse, and heightened macro uncertainty related to the Middle East conflict. The bank left price targets intact at A$69 for BHP and 9,300 pence for Rio Tinto, but said the risk-reward no longer supports an outright bulli…
Shares of Compagnie des Alpes rose 3.7% on Friday after the French leisure operator reported first-half EBITDA that matched analyst expectations and flagged a pick-up in short-term bookings at Parc Astérix. Management reiterated its full-year objective of nearly 10% growth in core earnings, while a broker upgrade to buy underscored perceived upside…
Julius Baer Gruppe AG's stock dropped sharply after a four-month interim management statement showed materially better profitability but a much weaker-than-expected pace of client inflows. The bank reported adjusted profit before tax of 598 million Swiss francs, beating consensus by roughly 23%, and a cost-to-income ratio of 62%. However, net new m…
Lanxess shares fell about 3% after Goldman Sachs downgraded the company to Sell from Neutral and trimmed its price target from €21 to €13. The move followed first quarter 2026 results and a second quarter adjusted EBITDA guidance that came in roughly 10% below Visible Alpha Consensus and about 37% below Goldman Sachs' projections. Goldman cited a r…
U.S. equity futures rose on May 22 after government bond yields eased, boosting large-cap technology and semiconductor stocks. Markets remain attentive to developments in negotiations aimed at ending the months-long war in the Middle East, with reports of diplomatic meetings and cautious statements from U.S. officials tempering investor uncertainty…
Standard Chartered chief executive Bill Winters issued an apology after staff expressed upset about his comments that artificial intelligence will replace 'lower value' human workers. Winters reiterated the rationale for planned reductions in back-office support roles tied to AI adoption, while providing the full transcript of his remarks and affir…
Citi plans to concentrate a sizable portion of its global wealth-management hiring in Asia, the bank’s global head of wealth said, citing the region as the fastest-growing and most productive area of its private banking business. The move supports targets to lift returns for the wealth unit, which posted a near 50% rise in net income to $1.5 billio…
Deutsche Bank upgraded DHL Group to Buy from Hold and raised its price target to €56 from €48, saying market worries about AI disruption and Amazon encroachment have been overstated. The bank cited a €1 billion cost-saving program, a well-invested Express network and sustained pricing power as reasons for the upgrade, while DHL’s recent results and…
Workday shares jumped nearly 12% in premarket trading after the company reported first-quarter revenue and adjusted profit above analysts' estimates. Subscription revenue rose 14.3% to $2.35 billion, with 40% of that increase attributed to net new business, yet Workday maintained its annual subscription revenue forecast. Analysts said the results p…
The IDX Composite closed marginally higher, rising 0.03% as advances in the Agriculture, Basic Industry and Property sectors outweighed declines elsewhere. Market breadth was narrowly positive, with 359 stocks up and 353 down. Key commodity benchmarks, including crude and Brent oil, fell sharply, while the rupiah weakened against the US dollar and …
Italian financial police said they dismantled a complex piracy network built around an application called CINEMAGOAL that illegally decrypted content from major streaming services. Authorities estimate roughly €300 million in damages to rights holders and seized foreign servers and source code after coordinated actions in Italy, France and Germany.…
Puig Brands plunged after both companies confirmed the end of negotiations to form a combined luxury beauty group with Estée Lauder. The proposed $40 billion transaction, first acknowledged in March 2026, unraveled amid publicity, contract renegotiations and complications tied to key brands. Estée Lauder shares rose sharply in extended trading whil…
Softcat PLC shares jumped nearly 9.5% to 1578.5p in today’s trading, extending a recovery sparked by a robust H1 FY2026 performance and an upgraded full-year profit outlook. Strong operating profit growth, high cash conversion and a recently paid interim dividend have combined with a bullish analyst consensus and accelerating AI-related corporate s…
Macquarie has identified four technology companies listed in Hong Kong and China that it views as well positioned to benefit from demand drivers including AI datacenter infrastructure, increased semiconductor equipment purchasing, and upgrades to smartphone components. The bank's selections emphasize firms in precision manufacturing, imaging sensor…
Puig's stock tumbled almost 13% in early trading on Friday after discussions with Estée Lauder over a potential merger, first reported in March, were discontinued. Reports that Charlotte Tilbury sought to renegotiate terms related to her remaining minority stake were cited as a complicating factor. Estée Lauder's shares climbed 10.1% in after-hours…
Britain’s benchmark shares opened modestly higher on Friday, supported by a strong trading update from Softcat that pushed the mid-cap index ahead of its larger counterpart. The rise came despite official figures showing the largest monthly fall in UK retail sales in almost a year and continued geopolitical uncertainty tied to the Iran conflict.
