Shares of major producers like Freeport-McMoRan and Southern Copper gained in premarket trading after benchmark copper prices on the LME rose 1.7% on strong Chinese demand and falling inventories.
South American airline conglomerate Abra Group has placed its first order with Embraer, agreeing to purchase 20 E2 aircraft. The move marks a significant fleet diversification for the group, which currently operates an exclusive fleet of Boeing and Airbus planes.
The industrial conglomerate's shares surged after it reported second-quarter results that surpassed analyst expectations and lifted its annual profit forecast, signaling confidence in its operational performance.
The industrial conglomerate now expects higher adjusted earnings per share for the year, attributing the improved outlook to price hikes and cost management amid a challenging demand environment.
Workday shares fell sharply after Morgan Stanley downgraded the stock to Underweight and CLSA initiated coverage with an Underperform rating, with both firms citing concerns over a persistent growth slowdown.
General Motors shares declined despite the automaker beating second-quarter earnings estimates and raising its full-year guidance, as a steep drop in unadjusted profit and weak EV sales concerned investors.
Shares of the solar tracking company declined after JPMorgan lowered its rating to Neutral, citing a less compelling risk/reward profile amid a series of recent analyst price target cuts and investor concerns.
Equifax shares fell sharply after the credit reporting agency issued a full-year revenue forecast that significantly missed Wall Street expectations, raising concerns about its growth trajectory.
General Motors boosted its 2026 profit forecast after reporting a 30% rise in second-quarter core profit, beating analyst estimates on the back of strong pricing for its trucks and SUVs.
