IBEX 35 Ends Higher on Sector Strength; ArcelorMittal Surges
Spain's IBEX 35 index closed up 0.32%, lifted by gains in telecommunications and financial stocks. Steelmaker ArcelorMittal was the day's top performer, surging over 6%.
Latest by Raj Patel
Kenvue Options Volume Surges, Dominated by Bullish Call Bets
Options trading in Kenvue Inc. (KVUE) spiked on Friday, with call volume far outpacing puts. The most active contract suggests traders are betting on the stock rising above the $20 strike price by mid-2026.
Angola Central Bank Authorizes Yuan for Commercial Bank Reserves
Angola's central bank has authorized commercial banks to hold the Chinese yuan to meet their mandatory reserve requirements, reflecting the deepening economic ties between the two nations.
Norwegian Stocks Close Lower as Media, Transport Sectors Weigh on OBX Index
Norway's benchmark Oslo OBX index fell 0.30% on Friday, dragged down by losses in the media, transport, and diversified financials sectors, despite strong gains in some shipping stocks.
BTIG Initiates DLR, Equinix at Buy, Citing AI-Driven 'Supercycle' in Data Centers
Investment firm BTIG has started coverage on Digital Realty and Equinix with Buy ratings, forecasting a multi-decade demand supercycle for data centers fueled by artificial intelligence.
J.P. Morgan Initiates Honeywell Aerospace at Neutral, Citing Supply Chain Costs
J.P. Morgan has started coverage of Honeywell Aerospace with a "Neutral" rating and a $255 price target, forecasting strong long-term growth offset by near-term margin pressure from supply chain investments.
SK Hynix Shares Jump 14% in Nasdaq Debut After $26.5 Billion IPO
Shares of South Korean memory chip giant SK Hynix surged in their U.S. market debut, opening at $170 after the company priced its initial public offering at $149 per share, raising $26.5 billion.
Delta's Strong Q2 Earnings Set High Bar for United and American Airlines
Delta Air Lines beat Q2 earnings estimates, driven by strong premium travel demand that offset record fuel costs, but its stock fell, setting a challenging precedent for upcoming reports from United and American Airlines.
Shein Founder Sky Xu Faces Scrutiny as Firm Secures Hong Kong IPO Approval
Fast-fashion giant Shein has reportedly secured approval for a Hong Kong initial public offering, a move that could value the firm at up to $50 billion and thrust its secretive founder, Sky Xu, into the public spotlight.