Daily Newsroom
Follow market-moving stories, policy signals, and company developments curated by the editorial desk.
Lead story
Goldman Sachs has reinstated coverage on Erste Group with a 'Buy' rating and a €150 price target, citing the bank's acquisition in Poland as a catalyst for a new phase of structural growth.
Swedish software firm 4C Group reported a 26% year-over-year increase in second-quarter sales, beating estimates as demand for its defence readiness software grew and military exercises resumed.
The IT services provider forecasts its adjusted pre-tax profit for the first half to be approximately double the £81.5 million recorded a year earlier, citing a strong second quarter.
The online travel agent reported net revenue of €52.2 million for the first half of 2026, supported by an increased commission rate, but noted that geopolitical tensions in the Middle East constrained transaction volume growth.
The U.S. dollar remained stable as investors weighed the inflationary impact of renewed U.S.-Iran tensions against uncertainty over the Federal Reserve's next move on interest rates. The Chinese yuan was little changed after June data showed weak consumer inflation but surging producer prices.
Bitcoin held steady after a sharp decline as escalating geopolitical conflict between the U.S. and Iran soured investor sentiment, pushing oil prices higher and raising concerns about inflation.
A new Deloitte survey projects U.S. back-to-school spending will drop 6% on an inflation-adjusted basis to $557 per student, as a majority of consumers expect the economy to worsen.
Shares of the Chinese chipmaker jumped after the company raised approximately $902 million in an upsized stock offering, capitalizing on strong demand for domestic AI hardware amid U.S. export controls.
The world's largest chocolate maker posted a 5.7% sales volume increase for its third quarter, a positive turn after two years, but warned that full-year volumes would still fall and recurring operating profit would see a mid-teens percentage decline.
