European shares opened higher on Tuesday, supported by strong gains in technology stocks after chipmaker STMicroelectronics raised its revenue targets for its data centre business.Investors also remained focused on a key eurozone inflation report due later in the day, which could provide further clues about the impact of the Middle…
Abivax shares fell 31% even after the French biotech reported strong late-stage data for obefazimod, its experimental treatment for ulcerative colitis. The once-daily oral therapy met the main goal and all key secondary endpoints in a Phase 3 maintenance study, strengthening the case for a potential new option in a…
The S&P 500 Index is having a strong performance this year as it continues to reach new all-time highs each day. It soared to a record high of $7,580 last week, up by 20% from its lowest point this year, meaning that it is now in a bull market. Wall Street…
Samsung stock jumped nearly 10% on Monday, adding another sharp leg to a rally that has turned the Korean chipmaker into one of the biggest listed plays on artificial intelligence infrastructure.The move came as investors looked ahead to Nvidia CEO Jensen Huang’s expected visit to South Korea, where meetings with…
Japan’s Nikkei 225 rose above 67,000 for the first time on Monday, as a surge in SoftBank Group turned the technology investor into the country’s most valuable listed company and underlined the growing force of the artificial intelligence trade in Tokyo.The blue-chip gauge climbed as much as 1.4% to an…
China has issued new rules expanding state oversight of overseas transactions involving Chinese investors, technology, data and national security, underscoring Beijing’s efforts to tighten control over sensitive assets as artificial intelligence becomes a bigger strategic concern.The measures, published by the State Council, will take effect on 1 July. They introduce…
China’s upcoming index rebalancing is expected to trigger more than $48 billion in gross two-way passive flows, according to Goldman Sachs, setting up a wave of mechanical buying and selling across some of the country’s biggest onshore benchmarks.The semi-annual changes affect major CSI and CNI indexes and will be implemented…
US technology giants are reshaping global corporate bond markets as they borrow beyond the dollar to fund a costly race to build artificial intelligence infrastructure.Alphabet and Amazon have led a surge in multi-currency issuance across Europe, Japan, Switzerland, Canada and the UK, as the companies seek funding for data centres,…
Goldman Sachs has raised its 12-month target for the STOXX 600 index to 660, citing resilient corporate earnings growth and continued support from artificial intelligence-related investments despite the ongoing conflict in the Middle East.The pan-European benchmark index has remained close to record highs and gained 2.5% in May. However, escalating…
Brokerage firm Bernstein has retained its “Neutral” stance on Indian equities and maintained its year-end Nifty 50 target of 26,000, implying an upside of around 10% from Friday’s closing levels. However, the brokerage cautioned that a combination of weak macroeconomic conditions, earnings downgrades and a revival in equity issuance activity…