Bernstein has designated semiconductor equipment giant ASML as its top investment idea for the third quarter, citing the company's strong pricing power and growth visibility amid a surge in AI-related spending.
Japanese equities fell on Monday, with the benchmark Nikkei 225 index declining 1.02% as losses in the paper, transport, and communication sectors weighed on the market.
U.S. Senator Steve Daines is reportedly traveling to China to help finalize the agenda for a planned September summit between Presidents Xi and Trump. The visit underscores ongoing efforts to stabilize relations between the two economic superpowers.
European benchmarks advanced Monday, approaching all-time peaks, as a significant drop in crude oil prices spurred by diplomatic progress between the U.S. and Iran boosted investor sentiment.
Shares of PC maker Lenovo have soared over 160% year-to-date, driven by optimism around the AI PC cycle, but the rally is prompting scrutiny of the company's thin profit margins and fundamental valuation.
Shares of the British drugmaker slid nearly 7% after multiple reports indicated it held preliminary discussions about a potential merger, raising investor concerns over antitrust risks and shareholder dilution.
Shares in easyJet PLC rose after the airline extended the deadline for a takeover offer from Castlelake, aligning it with a rival deadline from Apollo Global Management and intensifying the bidding contest.
Shares of the shipping services provider jumped over 7% after reporting a record £61.5 million in first-half underlying profit and signaling that full-year results will be "materially ahead" of expectations.
The UK-based airline extended the deadline for a takeover bid from Castlelake to match a rival timeline from Apollo Global Management, signaling a competitive auction process may continue.
