European markets held steady as a strong earnings report from software firm SAP counteracted investor concerns over rising Middle East tensions and their impact on oil prices, leaving the STOXX 600 on track for a weekly loss.
Shares of the Dutch lighting company fell after its second-quarter adjusted EBITA came in below consensus estimates, compounding investor concerns over persistent pricing pressures and rising costs.
Coca-Cola has introduced a larger, more expensive can for Diet Coke in India, resulting in a 13.6% per-milliliter price increase, as Middle East conflict disrupts aluminum can supplies.
The U.S. auto safety regulator announced that Ford is recalling 565,691 Bronco and Bronco Raptor models from 2021-2026 due to a wiring harness issue that could lead to an engine compartment fire.
French logistics REIT Argan saw its shares surge over 15% after agreeing to a merger with Belgium's WDP, a deal that creates a €13 billion European platform and offers a significant premium to Argan shareholders.
Shares in electronics manufacturer discoverIE jumped after the company reported a 31% surge in first-quarter organic orders and raised its full-year earnings forecast, citing robust demand.
Shares of the Finnish industrial machinery company jumped after its second-quarter report revealed an 18% year-over-year increase in new orders and operating profit that significantly beat market expectations.
Securitas AB shares fell over 11% after the company's second-quarter report revealed that organic sales growth had completely halted at 0%, raising investor concerns about its growth trajectory.
South Korea's benchmark stock index fell sharply as major chipmakers like Samsung and SK Hynix tumbled amid concerns over the high cost of AI development and the announcement of new U.S. trade tariffs.
