Daily Newsroom
Follow market-moving stories, policy signals, and company developments curated by the editorial desk.
Lead story
The yield on Germany's 2-year government bond edged higher on Friday, stabilizing after a sharp rally pushed it to its lowest level since mid-April. The market move comes as investors assess cooling economic data and a changing geopolitical landscape.
South Korea has initiated round-the-clock trading for its currency, the won, against the U.S. dollar. The major reform aims to improve access for international investors and support the country's bid for inclusion in developed-market equity indexes.
Taiwan's central bank has confirmed it intervened in the foreign exchange market in June, leading to a decrease in the country's foreign exchange reserves to $597.15 billion.
The European Union's General Court has rejected Apple's legal challenges against the designation of its App Store and iOS operating system as "gatekeepers" under the landmark Digital Markets Act (DMA). The ruling strengthens the position of EU regulators aiming to increase competition in the tech sector.
Air Canada has appointed Anko van der Werff, the current CEO of Scandinavian Airlines, as its next President and Chief Executive Officer, effective by the end of January 2027. He will succeed Michael Rousseau, who announced his retirement.
Shares of the discount retailer fell sharply in pre-market trading after JPMorgan lowered its rating to Neutral, citing valuation concerns. The move follows similar analyst actions and comes amid a cautious consumer spending environment.
Shares of the luxury real estate brokerage Douglas Elliman fell in premarket trading after the company revealed a major technology transformation plan centered on artificial intelligence and the launch of a new data intelligence company.
Chinese AI firm Zhipu, trading as Knowledge Atlas Technology, is seeking to raise approximately $4 billion in a new share offering. The move follows a nearly 1,500% increase in its stock value since its Hong Kong listing in January.
U.S. Treasury yields declined on Monday as investors assessed a weaker-than-expected June jobs report, prompting a reevaluation of inflation and interest rate trajectories. Markets are now focused on the upcoming release of the Federal Reserve's latest policy meeting minutes.
