Indices

DAX Rises After Earnings Surge - Beiersdorf Under Pressure

A series of well-received corporate earnings reports has boosted sentiment on the Frankfurt Stock Exchange. The DAX opened Wednesday up half a percent at 23,972.03 points. The best cure for tariff...

IBEX Shakes Off Tariff Fears and Continues Its Upward Climb

The IBEX 35 opened Wednesday's session with a 0.15% rise, consolidating the 17-and-a-half-year highs reached the previous day after notching up a 400-point gain over the last twelve sessions. Despite...

"Nothing Is Off the Table" - Bayer Explores Options Amid Lawsuit Surge

Bayer says it remains on track with its planned reduction of legal risks in the United States. We are sticking to our goal of significantly curbing legal risks by the end of 2026, CEO Bill Anderson...

Exclusive-Missed signals, lost deal: How India-US trade talks collapsed

NEW DELHI/WASHINGTON -After five rounds of trade negotiations, Indian officials were so confident of securing a favourable deal with the United States that they even signalled to the media that...

Oil prices slide to 8-week low as US-Russia talks stir sanction uncertainty

NEW YORK -Oil prices slid about 1% to an eight-week low on Wednesday after U.S. President Donald Trump's remarks about progress in talks with Moscow created uncertainty on whether the U.S. would...

Shein and Temu outpace global retail giants in South Africa's fashion market

JOHANNESBURG -China-founded e-commerce retailers Shein and Temu have captured a combined 3.6% share of South Africa's retail, clothing, textile, footwear and leather market, accounting for 7.3...

European Q2 corporate profit outlook improves after U.S. trade deal

The outlook for European corporate health has further improved, the latest earnings forecasts showed on Tuesday, after the European Union struck a framework trade deal with the U.S. a little more...

Milan Stock Exchange Edges Higher on Fed Rate Cut Bets, Earnings Season; Avio Soars

Indexes on the Milan Stock Exchange moved from flat to slightly higher in today's session, reflecting a general phase of consolidation across European markets. There were few notable catalysts, as...

Leidos raises full-year profit forecast on robust demand for weapons

Defense contractor Leidos Holdings raised its full-year adjusted profit forecast on Tuesday, as demand for its technical services and munitions remains robust amid simmering geopolitical tensions. ...

South Africa's Telkom profit rises on subscriber growth and fibre services

JOHANNESBURG -South Africa's Telkom reported a 6.5% rise in quarterly core profit on Tuesday, helped by subscriber growth and increased use of its next-generation network offerings as it ditched...

India's corporate earnings growth stays weak, banks and IT firms disappoint

India's listed companies posted yet another quarter of lackluster earnings in the April-to-June period, extending a bout of weakness which began last year and weighed on benchmark stock indexes. ...

Japan to lower FY2025 GDP growth estimate due to US tariffs, Nikkei says

TOKYO -Japan's Cabinet Office will lower its fiscal 2025 gross domestic product real growth rate forecast from around 1.2% seen in January after factoring in the impact of U.S. tariff policies, the...

IBEX Pauses After Biggest Rally in Four Months but Maintains Upbeat Momentum

After surging nearly 2% the previous day, Spain's IBEX 35 index showed little movement on Tuesday, edging slightly higher as markets continued to digest a shifting interest rate landscape. On Monday,...

Kenya's private sector activity contracts in July at steepest rate in a year

NAIROBI -Kenya's private sector contracted at the fastest pace in a year in July as input prices rose and protests disrupted some businesses, a survey showed on Tuesday. The Stanbic...

South Africa's private sector grows in July but cost pressures rise, PMI shows

JOHANNESBURG, August 5 -South Africa's private sector expanded slightly in July marking the third consecutive month of growth helped by renewed sales growth and sustained employment increases, a...

South Africa's Pick n Pay turnover lifted by Boxer, on course for break even

JOHANNESBURG -South African grocery group Pick n Pay on Tuesday reported a 4.3% increase in group turnover, buoyed mainly by strong growth in its discounter business Boxer, which it spun out and...

Canada's First Quantum strikes $1 billion gold streaming deal with Royal Gold

Canadian miner First Quantum Minerals signed a $1 billion gold streaming agreement with a subsidiary of its peer Royal Gold, the two companies said in a statement on Tuesday. Gold...

Malaysia seeks $330 million for palm oil replanting over next 5 years

KUALA LUMPUR -Malaysia's commodities ministry said on Tuesday it would seek to boost the allocation for palm oil replanting to 1.4 billion ringgit under a new five-year economic plan. ...

Aurubis earnings beat forecasts as copper supply remains tight

Aurubis on Tuesday reported higher-than-expected core profit for the first nine months of its 2024-2025 financial year, helped by higher contributions from sulfuric acid, copper products and precious...