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Arena REIT posts 8% FY2026 profit growth as Edge tenant default risk lingers
Australia’s Arena REIT reported an 8% rise in net operating profit to $79 million for FY2026, but warned of tenant risk after Edge Early Learning defaulted on rent. The childcare operator’s 31 properties account for 14% of Arena’s rental income.
US stocks set for weekly lows as Walmart drags; Swiss market extends losses
Walmart shares slump 6% in pre-market after weak U.S. sales, dragging retail peers lower. SMI extends declines as Logitech and Swiss Re lead losers; oil hits four-week high.
Bitcoin treasury turns profitable as BTC tops $77,000
Strategy’s corporate Bitcoin holdings break even after BTC surges past $75,385 cost basis. Analysts cite $68,000 as a critical support level amid renewed buying interest.
German DAX falls below 26,000 points amid energy and rate pressures
The German blue-chip index slipped 0.65% to 25,921 points, extending losses as rising oil prices and bond yields weighed on sentiment. The Euro Stoxx 50 and MDax also declined.
Volkswagen CEO flags 'critical' outlook, warns of deeper cost cuts
Blume says operating margin of 3.8% is insufficient for long-term investments, as group prepares to unveil sharper austerity plan by year-end.
Barclays upgrades 10 European diversified financials stocks on earnings momentum
Analysts flag 3i Group, Deutsche Boerse and Partners Group among ten names in the sector, citing earnings revisions as the primary driver of returns. Weakness at OneSavings Bank and Avanza Bank noted.
NIBE Industrier shares rise on strong Q2 earnings, heat pump demand
Swedish heat pump maker NIBE Industrier advanced after reporting a 9% operating margin in Q1 2026 and citing a 49% surge in German heat pump subsidy applications.
U.S. jobless claims drop to 206,000, beating forecasts
Initial unemployment filings fell below expectations for a second straight week, signaling steady labor market conditions despite recent volatility.
NextTrip debuts B2B travel platform for advisors with zero subscription fee
The NASDAQ-listed travel tech firm launches NextTrip Pro, a commission-based platform offering booking tools and group travel management at no cost to qualified travel professionals.
Argentina trade surplus widens to $2.12 bln in July
Exports rose to $8.85 billion while imports climbed to $6.74 billion, exceeding analyst forecasts of $1.85 billion.
Aramark expands NCAA partnerships with Florida State, Texas State
Foodservice provider secures multi-venue deals at two universities, enhancing athletic facility operations and nutrition programs ahead of the 2026 NCAA season.
European metals stocks poised for gains if U.S.-Canada tariffs halve
Morgan Stanley analysis projects ArcelorMittal as the top beneficiary, with potential annualized pre-tax relief of $300-$350 million. Rio Tinto, SSAB and Norsk Hydro face mixed impacts.
Data centres seen consuming silver at scale of major miner’s output
World Silver Survey 2026 projects data centre demand to exceed 42 million ounces annually by 2027, reshaping industrial consumption patterns. Silver price near eight-week high as yields ease.
Swiss gasoline prices rise above 2 francs per liter for first time since 2022
Average price for 95-octane gasoline reaches 2.02 francs per liter, driven by Middle East tensions, reduced refinery capacity and Rhine transport disruptions. Diesel climbs to 2.27 francs.
Harrow’s eye anesthesia gel shows 58% less discomfort in study
IHEEZO gel outperformed proparacaine in a 50-patient trial, with statistically significant reductions in pain across all post-injection time points.
IntraGel raises $7M from UroGen for head and neck cancer therapy
Funds will advance TumoCure through Phase 2 trials after Phase 1b data showed safety and early efficacy. UroGen gains exclusive global rights option under the deal.
Aryzta shares drop 6% after UBS downgrades to sell on margin concerns
Swiss bakery group’s stock falls as UBS cuts price target to CHF40 and slashes earnings forecasts, citing weaker growth and margin pressures in Germany and GLP-1 diet trends.
Moderna, Merck mRNA cancer vaccine hits milestone in melanoma trial
Combined therapy shows first late-stage success for personalized mRNA cancer vaccine, driving Moderna shares up 150%. Keytruda patent cliff looms as rivals race to replicate results.
US equities mixed; SMI edges lower as oil hits four-week high
Futures on the Dow slipped 0.13% while Nasdaq futures rose 0.1% ahead of U.S. open. Brent crude surged 2.6% to $94.04/bbl, nearing $100/bbl. Swiss Re and Logitech led SMI laggards.
Aminex unit issues dispute notice over Tanzania gas project delays
Ndovu Resources alleges operator ARA Petroleum breached obligations under the 2026 work program for the Ntorya Gas Development, triggering a 90-day dispute resolution window.
U.S. national debt tops $40 trillion as servicing costs near $1.4 trillion
Crossing the $40 trillion mark, the U.S. faces rising debt servicing expenses and elevated Treasury yields, with projections pointing to $50 trillion by 2029. Market intervention has done little to curb structural pressures.
Apollo Global discloses data breach amid broader cyberattack wave
Asset manager confirms unauthorized access to cloud platforms last month; investigation ongoing as hackers target financial firms with low-tech tactics.
Bank of America warns of market fallout if U.S. bond plan fails
BofA strategist Hartnett sees dollar weakness and increased short bets on risk assets if 30-year Treasury yields stay above 5%. S&P 500 drops 1.9% amid bond-market volatility.
LSI Industries CFO to retire in August 2027 after decade-long tenure
James E. Galeese, CFO since 2017, will step down after over 10 years with the Cincinnati-based lighting and display manufacturer. The company plans to name a successor by mid-2027.