Strategists at Goldman Sachs anticipate a rise in equity market volatility as the U.S. midterm elections approach, citing historical patterns of increased uncertainty and a likely shift in focus from earnings to macroeconomic factors.
Barclays lowered its rating on the global brewer to 'equal weight,' citing risks from an upcoming Brazilian 'sin tax,' difficult 2027 earnings comparisons, and a premium stock valuation.
Shares in the automotive software group surged after it received a possible cash offer of £4.48 per share from a Ridgeview Partners-backed entity, valuing the company at approximately £545 million.
Shares of the Chinese tech giant rallied to their highest level since early June after the company announced a July 30 event to launch its new Kunlun technology architecture and two electric SUV models.
Shares in the British engineering firm Vesuvius PLC fell sharply after it projected a decline in first-half trading profit, citing operational issues in its Steel division and challenging market conditions in Europe.
The investment bank initiated coverage with a €51 price target, noting that while Accor's asset-light transition is nearly complete, challenges including slowing RevPAR and subpar unit growth create a balanced risk/reward profile.
Taiwan's benchmark stock index recorded a significant decline at Monday's close, dragged down by heavy losses in the plastic and energy sectors. The Taiwan Weighted fell 2.67% amid a volatile session for global commodities.
As demand for high-end fashion and handbags softens, major luxury conglomerates like Richemont and LVMH are increasingly relying on their high-margin jewelry divisions to drive growth and outperform competitors.
Australian shares closed sharply higher on Monday, with the benchmark S&P/ASX 200 index gaining 1.39% to reach its highest level in a month, buoyed by strong performance in the technology, gold, and materials sectors.
