Investors will be watching Nvidia’s earnings report this week. Data from the US and the Eurozone will also be closely monitored for interest rate cut expectations. The European Central Bank is expected to keep rates unchanged in September but discuss further cuts in the autumn.
European stock markets retreated, while JDE Peet’s soared.
European stocks edged lower on Monday following last week’s Powell rally. The STOXX 600 index fell 0.2%, the German DAX fell 0.4% and the French CAC 40 fell 0.5%. The UK market was closed for a holiday.
The highlight was the 17% jump in JDE Peet’s shares. Keurig Dr Pepper announced it will acquire the Dutch coffee giant in a €15.7 billion acquisition deal. This move propelled the company’s shares to their highest level in three years.
[…]
[…]
[…]
[…] In contrast, Orsted shares fell by more than 16%, reaching a record low. The US administration decided to halt the company’s wind energy project off the coast of Rhode Island. Renewable energy stocks were generally under pressure; Vestas fell by 4%, and Siemens Energy by 1.4%.]
[…]
[…]
[…]
The pharmaceutical sector was also negatively affected. Valneva shares plummeted 24% as the US drug regulatory authority suspended its chikungunya vaccine license.
Latest from Blog
Musk and Cook to Join Trump for Landmark China Summit
Apple’s Tim Cook and Tesla’s Elon Musk headline the seventeen executives joining this high-stakes diplomatic mission. BlackRock’s Larry Fink and leaders from Meta and Visa also join the official White House party.
EBay Rejects GameStop’s Unsolicited $56 Billion Bid
The e-commerce pioneer labeled the half-cash, half-stock offer as neither attractive nor realistic for its shareholders. Market analysts consistently doubted the smaller retailer’s ability to acquire a company nearly four times its
Energy Giants Revive Syria’s Offshore Potential
The partners will launch a technical review of Block 3, located near the coastal city of Latakia. This memorandum establishes a vital framework for future commercial exploration within the Mediterranean Sea. Syria’s
Under Armour Warns of Annual Sales Decline
The sportswear brand pointed to economic uncertainty and cautious spending patterns among shoppers in its largest market. Under Armour expects fiscal 2027 revenue to decline slightly from the previous year’s performance. Analysts
Australia Targets Housing Investors With Tax Overhaul
Treasurer Jim Chalmers described the budget as the government’s most ambitious economic plan in decades. The reforms target capital gains tax discounts and negative gearing benefits tied to investment properties. Officials argued