Equities
Swiss stocks rise as Roche, Novartis offset losses; Nasdaq falls sharply
SMI gains 0.13% with healthcare giants leading gains, while U.S. tech selloff drags Nasdaq down 1.49%. ABB and cyclicals decline as bond yields climb to multi-year highs.
Geberit shares seek rebound after first-half 2026 results
Swiss sanitary technology group to report H1 earnings amid 13% YTD decline and cautious market outlook. Analysts eye margin stability and renovation segment trends.
AI bubble tops BofA fund manager survey as tech euphoria cools
32% of global fund managers flag AI as the primary tail risk, while semiconductor positioning declines sharply; cash levels hit six-year lows.
Palogic urges Granite Point Mortgage to halt lending, cut costs
Activist investor Palogic calls for immediate suspension of new loan originations and cost reductions at Granite Point Mortgage Trust, citing steep asset declines and credit deterioration.
DAX slips 0.3% as oil, bond yields weigh; Brent tops $90
German blue-chip index falls further from record as rising crude prices and 15-year high yields in German and U.S. bonds dampen sentiment. Energy and chip stocks lead declines.
Swiss stocks slip as global markets waver; Roche, Novartis advance
Swiss Market Index fell 0.13% as U.S. futures declined on rising bond yields and Middle East tensions. Roche and Novartis led Swiss gains, while cyclicals like ABB lagged. U.S. tech and AI-linked stocks retreated.
Xiaomi Q2 2026 profit steady as EVs and AI drive growth
Smartphone and IoT revenue offset margin pressures while EV deliveries topped 104,000 units. AI model MiMo V2.5 ranked No. 1 globally by token volume.
Klarna shares slump 18.6% on revenue guidance cut, leadership departures
Buy-now-pay-later firm cuts full-year revenue forecast to $4.08-$4.16 billion, citing FX pressure and softer German demand. CFO and CMO to leave in early 2027.
Klarna CFO, CMO to depart in early 2027 as execs step down
Chief Financial Officer Niclas Neglén and Chief Marketing Officer David Sandström will leave their posts next year after six and nine years respectively, Klarna confirms.
UBS downgrades Scor to ‘sell’ on reinsurance pricing headwinds
Analysts cut Scor’s price target by 6% to €32.50 after downgrading the French reinsurer to ‘sell’ ahead of next month’s Monte Carlo Rendez-vous, where sector pricing is expected to soften.
Berenberg upgrades Sixt to Buy on Europe travel rebound, lifts target to €91
German car rental group’s shares climb 3.9% after broker cites stronger summer travel demand in Europe and improved U.S. residual-value management. Target raised from €83 to €91.
Mizuho downgrades Norwegian Cruise Line to Neutral, cuts target to $17
Analyst cites self-inflicted operational challenges and macro pressures as the cruise operator faces a widening cash gap and rising leverage over the next 18 months.
Savox posts 12% H1 2026 revenue growth as stock falls 2.85%
Finnish communications firm Savox Communications reported a 12% year-over-year revenue increase for the first half of 2026, while its shares declined 2.85% to $10.24. Order intake surged 92% including options.
Swiss stocks slip as U.S. futures fall; Roche, Novartis rise; ABB leads declines
Swiss Market Index dips 0.13% as global equities drift lower on rising yields and Middle East tensions. Roche and Novartis gain, while cyclical stocks like ABB and construction firms retreat.
Xiaomi profit slumps 42.6% as costs weigh on smartphone sales
Net income fell to €794.2 million in Q2 as rising component prices and a 26% drop in handset shipments eroded margins. EV and AI units remain loss-making ahead of European launch.
Talen Energy shares slump 11% on analyst downgrades and dilution concerns
Shares of Talen Energy fell sharply after Raymond James and Oppenheimer cut price targets and cited valuation risks, while a $984 million shelf offering added to investor concerns.
China's humanoid robots transition from exhibition stunts to commercial testing
Chinese robotics developers are shifting their focus from marketing stunts like marathons and backflips toward practical commercial applications.
Walmart Relies on Advertising Revenue as Core Retail Growth Stagnates
Advertising dollars are providing crucial support for Walmart as traditional retail performance slows.
Foxconn Unit Acquires Mexico Land Holding for $382.8M
A subsidiary of Foxconn has purchased land in Mexico for $382.8 million to expand its operational footprint.
JPMorgan Maintains Neutral Rating on Nestlé, Citing Russia Operations
US investment bank JPMorgan keeps its neutral stance and a price target of 90 Swiss francs on food giant Nestlé.
Lloyds Banking Group Announces Plan to Redeem £500M Subordinated Debt
Lloyds Banking Group has announced plans to redeem £500 million in subordinated debt, according to a corporate filing.
Salmon Evolution posts Q2 2026 earnings gains on scale-up
Norwegian salmon producer reports improved margins and output as operational efficiency rises during expansion phase.
Diageo Appoints Former P&G Beauty CEO Alex Keith to Board
Diageo has announced the appointment of Alex Keith, former CEO of Procter & Gamble's Beauty business, to its board of directors.
PSP Swiss Property Boosts First-Half Profit on Richtipark Sale
Swiss real estate firm PSP Swiss Property posted higher earnings in the first half of 2026, supported by the sale of the Richtipark development project and a credit rating upgrade from Moody's.