Investment bank Jefferies reports a sharp divergence in European energy stocks since recent Middle East tensions, flagging several large-cap companies as undervalued buying opportunities despite strong fundamentals.
President Donald Trump announced an end to last month's ceasefire with Iran following a week of renewed military hostilities, though he stated that diplomatic talks would proceed. The escalation has pushed crude oil prices to their largest weekly gain in eight weeks.
The South African rand was little changed against the U.S. dollar on Monday, with investors holding back ahead of the release of Federal Reserve meeting minutes for guidance on U.S. interest rates.
The South African rand weakened to its lowest point in a week against the U.S. dollar as escalating geopolitical tensions between the U.S. and Iran prompted a flight from riskier, emerging-market assets.
According to a Morgan Stanley report, Xiaomi is well-positioned to lead China's growing AI-powered home appliance market due to its expansive smart device ecosystem and long-term growth potential.
Menswear retailer Tailored Brands has filed for a U.S. initial public offering, revealing a rise in quarterly revenue to $681.8 million, though net profit declined. The move marks a significant turnaround for the parent of Men's Wearhouse, which filed for bankruptcy in 2020.
Colombia's benchmark COLCAP stock index gained 0.65% to close the week, supported by advances in industrial and services shares. The Colombian peso also strengthened against the U.S. dollar.
Energy technology firm Holtec Nuclear Corporation has filed to go public in the U.S., seeking to raise capital for its development of small modular reactors (SMRs) amid a resurgent IPO market.
The International Energy Agency forecasts global oil demand will fall by 1 million barrels per day this year, the first such decline since the COVID-19 pandemic, citing disruptions from the conflict in the Middle East.
