Esteban Gustave

FTSE MIB: The Record-Breaking Rise of a Unique Index

The Milanese index has hit a new all-time high, rising an impressive 86% over three years. Indeed, it is shattering records thanks to the very sectors that once held it back - banking and industry - with almost no exposure to tech.

18 June 2026 at 06:46 pm AEST

Auto1 Shifts into High Gear, BMW Downshifts

Long-term targets from Auto1 and upgraded margins at Straumann are well-received, while a sell initiation on Silex, Medincell's financial results, and a profit warning from BMW face a much colder reception.

17 June 2026 at 06:18 pm AEST

Nokian Shifts Gears, Rathbones Pays the Price

Rathbones takes a hit on compliance issues, while Nokian surges following a major pivot by Handelsbanken. Elsewhere, broker upgrades are waking up PolyPeptide and GEA, UniCredit finds breathing room on the capital front, and Theon moves forward with Safran.

16 June 2026 at 06:06 pm AEST

Central Banks Take Center Stage as Hormuz Reopens

16 June 2026 at 05:28 pm AEST

Hormuz Tensions Ease, Lifting Lufthansa

An agreement between Washington and Tehran has sent crude prices tumbling, shifting the market narrative for the session. Lufthansa and LVMH are capitalizing on the geopolitical de-escalation, while TotalEnergies retreats in the wake of falling Brent prices. Elsewhere, Saint-Gobain is divesting its Dahl unit to Kesko, and OHB shares are collapsing following the announcement of a €500m capital increase.

15 June 2026 at 06:37 pm AEST

Basic-Fit Gains Muscle, Pennon Takes On Water

On one side, the air is circulating better than expected at Systemair, Basic-Fit is regaining its energy, and Fielmann is benefiting from a genuine shift in perspective. On the other, Pennon is leaking operational doubts, while Nokia faces turbulence following Nvidia's potential entry into the telecommunications sector.

10 June 2026 at 05:57 pm AEST

Moncler: Margins Intact, but Growth in Question

Moncler continues to deliver robust margins, although its growth trajectory is softening. The Italian company has some of the finest profitability in the luxury sector, backed by a debt-free balance sheet. However, existing boutiques are no longer driving growth. Future performance will hinge on its ability to broaden the product offering without diluting its premium margins.

09 June 2026 at 04:45 pm AEST

Did someone say Momentum? 3 stocks surfing the trend

Rather than betting on a reversal, one might as well follow the stocks that are already on the up. Our trend-following screen has identified 3 names with contrasting profiles but the same trajectory: Watts Water, the equipment manufacturer transforming through margins; Indra, the Spanish champion buoyed by rearmament; and PriceSmart, the Costco of Latin America.

05 June 2026 at 10:31 pm AEST

Brokers Regain Favor as Bodycote Faces a Chill

Between the surprise margins at Raspberry Pi, a major upgrade from Jefferies on CMC Markets, and Berenberg's backing of Nordnet, investors have found several names to return to their watchlists. Norion Bank is adding a touch of shareholder returns, while Belimo benefits from a positive pivot by BNP Paribas.

05 June 2026 at 06:08 pm AEST

Market Odds & Ends: The S&P 500 has never been more expensive relative to sales

The S&P 500 has surpassed its Dot-com bubble record, active managers are falling behind… and a chip giant is distorting the small-cap index.

05 June 2026 at 04:38 pm AEST

ASML Becomes the Largest Market Capitalization Ever Recorded in Europe

The Dutch firm ASML has surpassed the record previously held by Novo Nordisk to claim the largest market capitalization ever achieved by a European company, fueled by the ongoing AI fever.

04 June 2026 at 06:10 pm AEST

Buying Anthropic before its IPO is already possible

Anthropic is now worth over OpenAI, flirting with a $1 trillion valuation. The company is not even listed yet, although it is already possible to buy a stake via London-based funds. But at what price?

03 June 2026 at 11:14 pm AEST

BMW: The brand premium seeks its margin

BMW is still selling just as many cars, although earns less and less on each one. The new Neue Klasse aims to close this gap. To judge its success, one must look less at the badge and more at the income statement.

03 June 2026 at 12:57 am AEST

AI sets chips ablaze, Abivax catches a chill

AI is recharging the semiconductor sector, from Sivers to STMicroelectronics, while Prosus, Salzgitter, and DHL benefit from analyst backing. Conversely, Abivax is tumbling on clinical concerns, Kongsberg suffers a downgrade, and Avolta stalls on its placement.

02 June 2026 at 06:05 pm AEST

Soitec recharges chip sector, Reinet swings to loss

Soitec is reigniting the semiconductor space with better-than-expected sales, positive free cash flow, and the momentum of Photonics-SOI in AI. At the other end of the spectrum, Reinet is retreating after posting a net loss despite a sharp rise in revenue. Meanwhile, LDC is enjoying a record year, while Adyen and BT Group remain under pressure.

28 May 2026 at 05:46 pm AEST

Ferrari Luce: Maranello's Electric Shock

Ferrari has unveiled its first all-electric vehicle, a spectacular model already facing an image crisis. Caught between technical prowess, stylistic criticism, and a cold reception from the markets, the Luce is testing the limits of the Prancing Horse's magic.

28 May 2026 at 05:24 pm AEST

Ferrari: The Luce, an EV to test the myth

With its first all-electric vehicle, Ferrari is not merely seeking to expand its lineup. The Italian manufacturer is testing its ability to lead the Prancing Horse into a new era without diluting the core pillars of its desirability: design, sound and driving emotion.

25 May 2026 at 10:13 pm AEST

Ferrari: The Luce, an Electric Vehicle to Test the Myth

With its first 100% electric car, Ferrari is not merely looking to add a model to its lineup. The Italian manufacturer is testing its ability to lead the Prancing Horse into a new era without diluting the core of its desirability: design, sound, and driving emotion.

25 May 2026 at 06:31 pm AEST

Delivery Hero Receives Takeover Interest, Airlines Gain Altitude

In a trading session thinned by closures in London and Zurich, hopes for a de-escalation around the Strait of Hormuz are providing relief to airlines and sending oil prices lower. Delivery Hero continues to be buoyed by takeover speculation, while TotalEnergies, Eni, and Repsol are feeling the weight of retreating crude prices.

25 May 2026 at 06:17 pm AEST

Up 127% on its IPO day: Who is Silex Microsystems?

Silex Microsystems made a powerful debut on Nasdaq Stockholm, surging 127% in early trading. Behind this relatively unknown name lies a Swedish MEMS foundry: a manufacturer of micro-components designed for its clients. In a market still driven by AI, this specialized component profile had everything to attract investors.

07 May 2026 at 11:33 pm AEST

Essity: Strategic Review of Consumer Tissue and Targets Reaffirmed

Essity has launched a strategic review of its Consumer Tissue division, which includes toilet paper, paper towels and facial tissues. The Swedish group also reinstated its financial targets during its Capital Markets Day in Gothenburg.

07 May 2026 at 07:52 pm AEST