Shares in major European oil and gas firms rose Monday after crude prices surged on news of renewed military strikes between the U.S. and Iran, leading Tehran to again shut the critical Strait of Hormuz.
The European Commission will introduce a proposal after the summer to limit children's access to social media, President Ursula von der Leyen announced. The move could create new compliance challenges for major technology companies operating in the EU.
The South Korean chipmaker saw its largest-ever single-day stock decline, driven by profit-taking, valuation arbitrage following its U.S. listing, and broader market fears over geopolitics and a potential semiconductor cycle peak.
Shares of the Dutch paint and coatings maker gained after reports that Nippon Paint has offered up to $8.6 billion for its decorative paints division. The unsolicited bid comes as Akzo Nobel pursues a separate merger with Axalta Coating Systems.
European equities edged lower on Monday after an escalation in Middle East hostilities, including a disputed closure of the Strait of Hormuz, triggered a sharp rally in crude oil prices and a flight from risk assets.
The DNA-sequencing company's stock fell over 14% to a multi-year low after reporting weaker-than-expected first-half revenue and trimming its full-year outlook, citing challenges in China and the Middle East.
Strategists at JPMorgan are advising clients to buy equities during market dips caused by the Iran conflict, citing a resilient and improving corporate earnings forecast for 2026.
JPMorgan strategists are advising clients to view market downturns driven by geopolitical tensions as buying opportunities, pointing to a resilient corporate earnings outlook as a key support for equities.
Shares in ME Group International jumped after the company maintained its full-year profit forecast, overshadowing mixed interim results and a decline in its photobooth division.
