Shares of the German lubricant maker fell after Berenberg downgraded the stock to 'Hold,' arguing that a recent earnings beat was driven by temporary factors that are unlikely to last.
The British telecom giant reported stronger-than-expected first-quarter revenue and lifted its guidance for core earnings and cash flow, citing strong organic growth and its expanding African operations.
Satellite operators SES and Eutelsat saw their shares climb to one-week highs after the U.S. Federal Communications Commission detailed a plan to pay them billions for clearing C-band spectrum for 5G networks.
Financial markets platform Investing.com has launched a summer sales event for its InvestingPro subscription, offering its suite of AI-driven analytics and stock-picking tools at a reduced rate.
Shares of the clinical-stage biotech surged nearly 40% after argenx announced a definitive agreement to acquire the company for $77 per share in an all-cash deal valued at approximately $2.2 billion.
Shares of the Swedish gaming company surged after its largest shareholder, Candle Lake, increased its holding to over 30%, a level that requires it to launch a takeover offer or reduce its stake under Swedish law.
The Ifo institute's business climate index rose to 86.6 in July, surpassing analyst expectations, driven by a notable improvement in future economic outlooks for Europe's largest economy.
Indonesian equities fell on Monday, with the main IDX Composite Index dropping 0.68% due to widespread losses in the infrastructure, financial, and agriculture sectors. The decline occurred amid a sharp drop in global oil prices and a weaker Indonesian rupiah.
Fast-fashion giant Shein posted a $99 million first-quarter loss, according to its Hong Kong IPO filing, which revealed slowing U.S. sales and a strategic shift towards European and other global markets.
