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Abivax Drug-Safety Update Seen as Reassuring — Market Talk

Abivax's data for its experimental ulcerative colitis treatment shows improved safety and better efficacy and should reassure investors, Stifel analysts write. Negative side effects in the trial were limited, with no new concerns raised. Evidence from the trial supports a favorable benefit-to-risk…

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StocksFR
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JL Mag Rare-Earth's Gross Margins Could Continue Expanding — Market Talk

JL Mag Rare-Earth's 2Q and 1H gross margins are likely to keep expanding thanks to its strategic inventory positioning from late last year and surging rare earth prices in 1H, say Citi analysts in a note. The rare-earth magnet maker is likely to benefit from higher orders during the peak season, wi…

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StocksHK
dow-jones

Taiwan Steps Up Probe Into AI Hardware Smuggling

By Yang Jie and Sherry QinTaiwanese authorities escalated a probe into the unauthorized diversion of advanced artificial-intelligence servers made by Super Micro Computer, as part of efforts to crack down on the alleged smuggling of Nvidia chips to China.The sweep, spearheaded by prosecutors in Kee…

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StocksUS
NEWS dow-jones

Japan Might Struggle to Curb Yen's Slide Against Dollar — Market Talk

U.S. interest-rate rise expectations make it challenging for Japanese authorities to push back against the yen's sharp fall against the dollar, MUFG Bank's Lee Hardman says in a note. "As we saw back in late April/early May, record intervention from Japan only briefly strengthened the yen but faile…

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Forex
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Castlelake's Bid For EasyJet Likely Needs to Top Current Offer — Market Talk

Any successful takeover bid from Castlelake for easyJet will likely need to exceed 6.50 pounds a share, with around 7 pounds a more realistic level, RBC Capital Markets analyst Ruairi Cullinane says in a research note. This implies a roughly 20% upside, Cullinane adds. However, if takeover talks fa…

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StocksGB
NEWS dow-jones

Philippines Inflation Likely Remained Elevated in June — Market Talk

Inflation in the Philippines likely remained high in June, Bangko Sentral ng Pilipinas says in a statement. The decline in domestic oil prices and lower prices of major food items, such as rice and meat, may have tempered inflation. However, high electricity rates and vegetable prices could partly…

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Economy
NEWS dow-jones

U.S. Futures Edge Up, Yen Hits 40-Year Dollar Low

By Dow Jones Newswires StaffU.S. equity futures edged higher in early European trade while Japan's yen fell to a 40-year low against the dollar Tuesday, raising traders' expectations of a government intervention.Speaking Tuesday, Finance Minister Satsuki Katayama reaffirmed her commitment to stop e…

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ForexFutures
NEWS dow-jones

ECB's Sintra Forum Unlikely to Have Major Impact on Euro — Market Talk

The European Central Bank's forum on central banking in Sintra, Portugal, is unlikely to materially impact the euro, ING's Francesco Pesole says in a note. ECB President Christine Lagarde's opening remarks Monday were quite measured, he says. There was little to prompt markets to revise expectation…

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EconomyForex