The following are significant news stories, press reports and events on Monday. ALL TIMES GMT (Poland: GMT + 2 hours):POLAND-SWEDENOn Monday, Polish Prime Minister Donald Tusk and Swedish Prime Minister Ulf Kristersson will participate in Polish-Swedish intergovernmental consultations. During the c…
J.P. Morgan raised its year-end target for the STOXX 600 index TVC:SXXP to 680 from 630 on Monday, citing corporate earnings strength and improvements in the geopolitical climate.The new target implies an upside of about 7% from Friday's close of 635.88 points.
The NZX 50 climbed 50 points, or 0.4%, to close at 13,546 on Monday, reversing morning weakness after being flat in the previous session, mainly buoyed by gains in consumer non-durables, health technology, miscellaneous, and transportation.However, declines in utilities and communication services c…
India has shed several of the major headwinds that weighed on its markets over the past year, making it an attractive "value allocation" within a global portfolio, according to Matt Orton, Chief Market Strategist at Raymond James Investment. He says improving macro conditions and easing uncertainty…
China, India, and Hong Kong have emerged as the only major stock markets worldwide where top companies account for a smaller share of market capitalisation than a year ago, underscoring their lag in the global AI race.In both China and India, the ten largest companies in each nation now account for…
RBC Capital Markets has raised its 12-month target for the S&P 500 CBOE:SPX index to 8,150 from 7,900 on Monday, citing that earnings strength and a supportive macro backdrop will drive further gains in U.S. stocks.The new target implies a roughly 10.8% upside from the close of 7,353.95 points on F…
Royal Bank of Canada raised its 12-month target for the S&P 500 to 8,150 from 7,900. According to Odaily, the bank updated its forecast without providing additional details in the report.
China and Hong Kong stocks rose on Monday, led by consumer and healthcare shares, as investors rotated out of some artificial intelligence supply-chain names and into more traditional sectors.** China's blue-chip CSI300 Index SZSE:399300 edged up 0.1% by the lunch break, while the Shanghai Composit…
A look at the day ahead in European and global markets from Ankur BanerjeeThe halt to the latest tit-for-tat attacks in the Middle East spurred a twitchy reaction in markets as lingering unease over stretched tech valuations and the prospect of higher-for-longer rates compounded doubts about a ceas…
India’s BSE Sensex opened largely unchanged at 77,111 on Monday, after posting gains from the previous session as easing geopolitical tensions after renewed US-Iran diplomatic talks supported investor sentiment.Market participants also welcomed the prospect of more stable crude oil prices while loo…
Indian shares opened steady on Monday after posting their longest weekly winning streak of 2026, as investors weigh support from renewed U.S.-Iran diplomacy against lingering geopolitical risks.The benchmark Nifty 50 NSE:NIFTY held its ground at 24,061.75, while the BSE Sensex BSE:SENSEX edged 0.06…
By Ankur BanerjeeAsian stocks wobbled on Monday after Iran and the United States agreed to halt renewed hostilities that had cast a shadow over an interim peace deal and kept oil prices supported, while the dollar stood tall near a one-year high on rate-hike bets.A return to diplomacy in the Middle…
CANBERA (dpa-AFX) - Asian stock markets are trading mostly lower on Monday, following the broadly negative cues from Wall Street on Friday, as traders remain cautious after renewed hostilities in the Middle East over the weekend. However, the U.S. and Iran have now agreed to halt military strikes a…
The DRAM index, a gauge of spot memory prices, pulled back from elevated levels amid spillover effects from South Korean memory sell-offs, falling about 6% over four hours to $70.68 on June 29. According to BlockBeats On-chain Detection, monitoring data from Hyperinsight showed the decline.On the H…
Indonesian stocks fell 49 points or 0.8% to 5,848 in early Monday trade, marking the second straight session of losses as transport, property, and non-cyclicals weakened.Sentiment stayed cautious ahead of key data releases this week, including June CPI and May trade figures.Inflation in May edged t…
By Junko FujitaJapan's Nikkei share average cut early losses on Monday, as index heavyweight Tokyo Electron reversed course to trade higher and investors rotated into beaten-down shares from AI-related stocks.The Nikkei TVC:NI225 was down 0.6% at 68,952.33, as of 0201 GMT, after falling as much as…
Indian shares are set for a muted open on Monday after posting their longest weekly winning streak of 2026, as investors weigh support from renewed U.S.-Iran diplomacy against lingering geopolitical risks.GIFT Nifty futures (GIFc1) were at 24,093, as of 8:07 a.m. IST, indicating the Nifty 50 NSE:NI…
The Shanghai Composite Index fell below 4,000, down 0.69% during the session. According to Odaily, the benchmark index moved lower intraday.
Round-up of South Korean financial markets:** South Korean shares fell more than 1% on Monday, as chipmakers slumped following sharp losses in U.S. peers in the previous session, while investors' focus was also on a highly anticipated investment project announcement by the government and chipmakers…
The Hang Seng Index climbed 1.2%, or 288 points, to 22,950 on Monday, rebounding after back-to-back declines in the previous two sessions as bargain hunting emerged in beaten-down technology shares.Gains were led by technology and retail stocks, while sentiment was further supported by firmer globa…
