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European stocks flat as investors weigh Iran risks, Fed cues
EuroStoxx 50 and SMI dip 0.1% each while FTSE 100 rises 0.2% as geopolitical tensions and key economic events loom. Nvidia earnings and Jackson Hole meeting in focus.
Coca-Cola Icecek shares drop 3.9% after customs fine and assessment
The Turkish unit of Coca-Cola saw its stock fall to ₺80 after a combined customs fine and assessment totaling 2.8 billion lira, while JPMorgan downgraded the shares to Neutral.
Citizens keeps Tesla at Market Perform after Nevada robotaxi approvals
Analyst Andrew Boone maintained a neutral rating on Tesla despite Nevada granting commercial robotaxi permits for up to 5,000 vehicles. GLJ Research reiterated a Sell call citing weak margins and cash burn.
UK growth outlook steady despite inflation uptick, Barclays says
Flash PMI data signals resilient activity in August, but inflation pressures and fiscal slippage weigh on outlook. Barclays lifts 2027 inflation forecast.
UK growth holds despite inflation pressures, Barclays says
Composite PMI rises to 52.5 in August as services lead; Barclays lifts 2027 inflation forecast to 2.5%.
Logistics tycoon Klaus-Michael Kühne dies at 89
Kühne+Nagel founder and majority shareholder Klaus-Michael Kühne dies; fortune to pass to Kühne Foundation. Former Lufthansa and Hapag-Lloyd investor.
UBS sees Swiss rents rising despite record-low reference rate
Swiss mortgage reference rate to stay at 1.25% through 2027, but new rental contracts remain 15% higher than five years ago as supply tightens.
Ray Dalio urges 15% gold allocation as US debt policy sparks dollar, yield fears
Gold hits three-month high above $4,640/oz as Treasury yields fall and dollar weakens on surprise U.S. debt-buyback expansion. Dalio flags debt crisis hedge.
Logistics billionaire Klaus-Michael Kühne dies at 89
Kühne+Nagel founder and majority shareholder Klaus-Michael Kühne dies after brief illness. His fortune is expected to transfer to the Kühne Foundation.
USD faces persistent pressure as technical setups shape weekly forex trade
Analysts highlight key support levels and potential downside risks for the U.S. dollar amid mixed global macro signals. Trade setups suggest continued weakness unless critical levels hold.
AI-driven Bitcoin ETP launches with adaptive allocation strategy
New BTCAI product uses Aisot’s quantitative AI models to dynamically adjust Bitcoin exposure monthly, aiming to reduce volatility risk while enhancing returns. Swiss custody and physical backing ensure security.
German DAX slips as investors await Nvidia results, Fed signals
The German blue-chip index fell 0.26% in early trade, testing support above 26,000 as chipmakers and automakers lagged. Markets brace for Nvidia earnings and Jackson Hole policy signals.
Industrial metals outlook: Copper, aluminum and steel forecasts through 2026
J.P. Morgan projects copper at $14,800/mt by Q4 2025, while aluminum targets $3,800/mt in Q3 2026 amid Middle East supply risks. Steel prices diverge by region due to tariffs and China’s property slump.
Six EU countries push for September talks on taxing oil firms' windfall profits
Germany, Spain, Italy and three others urge EU finance ministers to address surging energy costs with a targeted windfall tax framework ahead of September meeting in Dublin.
Cellnex, INWIT shares rise after Barclays upgrades to Overweight
European tower operators gain more than 1% as Barclays raises ratings citing overpriced contract renewal risks and potential shareholder returns. Price targets set at €38 for Cellnex and €8.60 for INWIT.
Morgan Stanley initiates ArcelorMittal with overweight, sees 14% upside
Analysts cite European trade protections and decarbonization discipline as key drivers for the steelmaker’s valuation. Targets set at €70 for Amsterdam-listed shares and $82 for US ADRs.
Baird initiates Brinker with outperform, sets $325 target on turnaround
Analysts upgrade Brinker International to outperform as Chili's turnaround drives traffic, margin gains and a 64% one-year return. Baird's $325 target implies 32% upside from current levels.
Canaccord downgrades Regis Resources to neutral, lifts price target to A$8.00
Analyst cites valuation concerns despite raising Regis Resources' price target by 19%. FY2027 free cash flow forecast cut to A$156 million, while production guidance remains unchanged.
Jefferies initiates buy coverage on Ionic Digital with $85 target
Analysts project 24% upside for Ionic Digital as Jefferies launches coverage, citing strong liquidity and debt-free position amid transition to AI infrastructure leasing.
Swiss stocks slip as pharma giants weigh; Nestlé rises, biotech drags
SMI falls 0.25% to 14,423 as Roche and Novartis decline; Nestlé gains 0.5%. Biotech sector under pressure amid broader market caution ahead of key U.S. events.
Halyk Bank plans Islamic banking vote for Sept 2026
Kazakhstan’s Halyk Bank will hold an extraordinary shareholders’ meeting via absent voting to seek approval for an Islamic banking license and related governance changes.
Halyk Bank shareholders to vote on Islamic banking license
Kazakhstan’s largest lender schedules an extraordinary meeting for September 25 to seek shareholder approval for an Islamic banking license and related charter changes. Board greenlit the agenda on Thursday.
GSK wins Japan approval for hepatitis B drug, FDA to review cancer therapy
Japan approves GSK's bepirovirsen as first functional cure for chronic hepatitis B. U.S. FDA sets February 2027 review date for dostarlimab in rectal cancer.
Swiss market falls as Roche, Novartis weigh; Nestlé, Holcim rise
SMI slips 0.15% as pharma majors drag; Nestlé gains 0.5% while biotech stocks retreat. Brent oil drops 1.5% to $92.94 amid geopolitical jitters.