Honeywell Aerospace will supply avionics for 810 new Airbus jets for India's IndiGo and deploy its runway safety technology across more than 100 of Aeromexico's Boeing aircraft.
European markets opened lower as investors brace for a key European Central Bank rate decision and major U.S. tech earnings, while a sharp rise in oil prices renewed inflation concerns.
The pan-European STOXX 600 edged lower as rising oil prices, driven by geopolitical conflict, fueled inflation concerns. Travel stocks fell, with Ryanair leading declines after a sharp drop in profits.
Several companies, including Consensus Cloud Solutions and Delek US Energy, experienced significant stock price increases after delivering strong quarterly earnings reports. The stocks were previously identified by an AI-powered stock selection model from Investing.com, which focused on fundamental metrics.
Citigroup has upgraded its investment allocation for China to Overweight, anticipating the country will drive the next stage of the emerging markets rally as investor focus expands beyond AI-centric stocks.
Samsung Biologics has launched an all-cash public tender offer to acquire Swiss contract manufacturer PolyPeptide for CHF 1.46 billion, a move that sent the target company's shares soaring.
Shares of the Swedish sports equipment maker fell after second-quarter revenue fell short of analyst expectations, as adverse foreign exchange effects overshadowed organic sales growth and a slight beat on adjusted profit.
Shares in UK self-storage operator Big Yellow Group fell after the company reported slower-than-expected like-for-like revenue growth in its first-quarter update. A bearish analyst rating and negative technical indicators contributed to the downward pressure on the stock.
Taiwan's benchmark stock index, the Taiwan Weighted, dropped 6.47% on Monday to reach a new one-month low. The sell-off was driven by heavy losses in the electronics and components sectors.
