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US stocks mixed as oil dips, SMI extends losses; ABB falls, Richemont rises
U.S. benchmarks diverge with Dow up 0.1%, S&P 500 down 0.3% and Nasdaq 100 down 0.6% as Brent crude drops 1.1% to $93.10. Swiss SMI falls 0.47% with ABB leading decliners and Richemont among top gainers.
Zondacrypto CEO seeks leniency in fraud probe with political testimony
Przemysław Kral, head of collapsed crypto exchange Zondacrypto, is negotiating reduced charges in exchange for testimony about alleged fraud and political funding ties. Polish prosecutors estimate customer losses at $650 million.
TX Group posts 5.7% revenue decline but 74.3% EBIT surge in H1 2026
Swiss media group TX Group reported a 5.7% drop in first-half revenue to CHF402.4 million while adjusted EBIT surged 74.3% to CHF67.1 million, driven by digital platforms and cost cuts. A CHF46.4 million goodwill impairment at Goldbach weighed on reported earnings.
German stocks slip as DAX falls 0.07% on sector losses
Technology, construction and industrials weighed on Frankfurt’s benchmark index, while gold futures climbed 0.74% to $4,715.14 per ounce.
US stocks slip at week’s open; Intel, AMD drag tech; SMI near lows
Dow, S&P 500 and Nasdaq 100 fall 0.1%, 0.3% and 0.6% respectively as chipmakers lag. Brent crude dips 1% to $93.22/bbl amid Iran sanctions outlook.
Swiss stocks end flat as ABB, pharma weigh; UBS, Vetropack rise
The SMI slipped 0.07% to 14,447 as investors took profits on ABB and sold off Roche and Novartis. UBS gained 1.7% and Vetropack surged 4.4% on company-specific news.
Swiss stocks rise as US futures gain; ABB, Logitech lead gains
Swiss Market Index climbs 0.21% as European peers advance; Amrize drops after CFO exit, Orior slumps on guidance cut. Oil, gold and crypto prices mixed.
Citi warns U.S. stock positioning is shifting toward neutral as bearish flows rise
U.S. investor sentiment has reversed from accumulation to long liquidation and new shorts, with the Nasdaq and S&P 500 drifting toward neutral levels. Europe remains moderately bullish but shows early signs of short activity.
Swiss stocks rise 0.21% as ABB, Logitech rebound; Orior plunges 9.5%
SMI advances on gains in ABB and Logitech, while Orior collapses after profit warning. Analysts adjust targets for Swiss firms including DKSH, Emmi and Siegfried.
Cham Swiss Properties posts 5% rise in H1 2026 rental income
Swiss real estate firm reports CHF 13.7 million in rental revenue, down from CHF 37.3 million in asset sales a year ago. Six projects worth CHF 172 million underway.
EPIC Suisse posts 32% profit jump in H1 2026 on rental growth
Swiss real estate firm lifts full-year rental income guidance to 1.5% as net profit rises to CHF 39.8 million. Portfolio value declines 1.1% to CHF 1.67 billion.
EPIC Suisse posts 32% profit rise in H1 2026 on disposal gains, lifts guidance
Swiss real estate firm EPIC Suisse reported a 32.4% jump in net profit to CHF 39.8 million, driven by a CHF 9.4 million gain from the disposal of the Vennes III property. Full-year rental income growth guidance was raised to 1.5% from 1.0%.
Asian stocks drift ahead of Nvidia earnings amid AI rally uncertainty
Nvidia’s upcoming results loom large as markets weigh AI-driven gains against Alibaba’s $10.2 billion share sale and geopolitical risks. German and UK bond auctions, along with U.S. consumer confidence data, also in focus.
Swiss equities flat as SMI hovers near 14,464; Logitech, ABB rise; Amrize falls
The Swiss Market Index edges 0.11% higher as Nestlé weighs on blue chips, while Logitech and ABB gain ground. Mid-cap and small-cap segments show mixed performance amid corporate updates and ratings changes.
Swiss stocks rise ahead of Nvidia earnings; Swiss franc weakens
Swiss Market Index up 0.16% premarket as Dow Jones gains 0.26%. Nvidia and Tesla shares fall ahead of chip giant's quarterly results. Brent crude holds above $93 per barrel amid regional tensions.
Morgan Stanley flags five European software stocks for second-half gains
Bank upgrades IONOS, SAP, Informa, Sage and Amadeus to overweight, citing AI adoption, stable growth and valuation appeal amid sector rebound.
Truflation forecasts July core PCE at 0.2% MoM, Fed seen on hold through 2026
U.S. core inflation expected to rise 0.2% month-over-month in July, while Truflation projects the Federal Reserve will forgo rate hikes for the remainder of the year amid mixed economic signals.
Lambda seeks $3 bln at $12 bln valuation in next funding round
AI cloud provider Lambda is in advanced talks to raise up to $3 billion in a new funding round that would value the company at $12 billion or more. Nvidia is among its backers.
Brazil sets 2027 minimum wage at R$1,741, budget bill on track
The federal government has finalized the minimum wage for 2027 at R$1,741, with the 2027 budget bill set for submission by August 31. Adjustments comply with legal inflation and GDP-linked formulas.
Malibu Life insiders buy shares in open offer and private placement
Insider purchases totaling $2.26 million completed on Aug. 21, with largest transaction by Gatemore Special Opportunities Master Fund. Disclosures comply with UK Market Abuse Regulation.
Expion360 rebrands as Expion Energy, enters oil and gas sector with Louisiana deal
The company formerly focused on battery production will acquire an oil and gas exploration opportunity in eastern Louisiana for $3.425 million, with plans to lease up to $4 million in acreage. The deal requires drilling by February 2027.
Powerus starts counter-drone production in Gulf region
U.S. firm begins manufacturing Guardian interceptors in GCC as part of partnership with regional defense manufacturer. Merger with Aureus Greenway Holdings expected to close in Q4 2026.
Alnylam to unveil ATTR, hypertension drug data at ESC 2026
Late-breaking studies on vutrisiran and zilebesiran will be presented during the European Society of Cardiology Congress in Munich. Data include Phase 3 and Phase 2 analyses alongside real-world ATTR burden findings.
DAX holds above 26,000 as global events loom over markets
German blue-chip index slips 0.11% but remains above key support level ahead of U.S. tariff announcements, Nvidia earnings and Fed remarks. Chipmakers and energy shares diverge amid AI sector volatility.