Markets
German DAX holds steady as tech selloff weighs on global markets
Leitindex slips 0.19% as semiconductor stocks drag, while Renk jumps 2.8% on takeover speculation. Euro Stoxx 50 and MDax largely flat.
Global bond yields hit multi-decade highs on debt, inflation pressures
Long-term government bond yields in the U.S., Germany, France, Canada and Japan have surged to levels not seen since the 2000s, driven by rising debt loads and competing corporate borrowing.
LINK Mobility reports Q2 2026 organic growth rebound, CPaaS momentum
Revenue rose 17% year-over-year to NOK 2.05 billion, while adjusted EBITDA climbed 28% as enterprise messaging offset global declines. CPaaS gross profit surged 39% CAGR since 2023.
Sunrise Q2 2026 results: cash flow rises 33% as revenue dips 2.6%
Swiss telecom group reports CHF 204 million adjusted free cash flow in Q2, offsetting a 2.6% revenue decline. Full-year guidance maintained despite softer top-line trends.
Swiss Market Index slips as Geberit surges; oil hits four-day high
Geberit shares jumped 8% on strong half-year results while Straumann fell 6.3% after CEO departure. Brent crude rose above $92 as geopolitical risks mount.
Ambea posts 88% EPS gain, SEK 929m free cash flow in Q2 2026
Swedish care provider Ambea reported an 88% rise in adjusted EPS to SEK 2.13, while rolling 12-month free cash flow reached SEK 929m as EBITDA margins hit 10%. Shares rose 10.7%.
Lufthansa rolls out Starlink Wi-Fi across fleet by 2029
German carrier becomes latest airline to adopt Elon Musk’s satellite internet, with full fleet coverage planned by 2029. Service already live on Airbus A320neo from Frankfurt.
European gas prices retreat from five-month highs as geopolitical risks ease
Wholesale European gas contracts slipped on Wednesday after a five-day rally paused, with Dutch TTF futures down 0.45% from intraday peaks tied to Middle East tensions. Storage levels remain below 63% ahead of winter.
Albion VCTs launch £40m share offer, target September opening
Three Albion venture capital trusts plan to raise up to £40 million in aggregate through new share issues, with Albion Enterprise and Albion Technology & General each targeting £15 million and Albion Crown seeking £10 million.
Pure Storage shares hit all-time high of $118.93
Pure Storage stock rose to $118.93, its highest level, with analysts setting targets up to $150 and noting strong AI‑driven demand.
CBL International swings to profit on higher fuel prices, volume growth
Marine fuel logistics firm CBL International reported net income of $1.5 million in H1 2026, reversing a $992,000 loss a year earlier, as revenue surged 49.2% to $395.59 million.
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.
UK faces Russian threats after reports of British drones used in attacks
Moscow warns London of 'consequences' after Kyiv allegedly employs UK-made drones in strikes deep inside Russia, escalating tensions between the two nations.
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.
Floating-rate bond ETFs outperform as yields rise in 2026
Top-performing bond ETFs in 2026 focus on floating-rate and ultra-short strategies, avoiding duration risk amid rising Treasury yields. Key picks include USFR, JAAA and JPST.
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.
Goldman Sachs upgrades protein market outlook ahead of Hormel Foods earnings
Pork and beef cutout prices fell in July while packer margins diverged. Analysts see improving conditions for Hormel Foods ahead of its August 27 earnings release.