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Euro Credit Default Swap Costs Decline as Geopolitical Tensions Ease — Market Talk

The cost of default protection for euro denominated credit falls as U.S. and Iran pause attacks, easing concerns about renewed conflict. "Despite short term violations of the ceasefire, we believe that U.S. and Iran will agree to a deal," Jefferies economist Mohit Kumar says in a note. The iTraxx E…

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BAT to Reduce Workforce by Nearly a Fifth

By Adria CalatayudBritish American Tobacco plans to cut or outsource nearly a fifth of its workforce, as part of a strategy to reduce costs and streamline its operations.The Lucky Strike and Kent cigarette maker said Monday that it plans to reduce about 5,500 jobs by the end of the year, on top of…

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StocksGB
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Bridgepoint's Deal for Kayne Anderson Real Estate Looks Positive — Market Talk

Bridgepoint's acquisition of Kayne Anderson Real Estate is an encouraging strategic step, Cavendish analyst Jens Ehrenberg writes. The deal delivers improvements in scale, diversification and medium-term growth visibility, he adds. It gives the U.K. investment company a leading real-estate platform…

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StocksGB

South Korea Announces Massive New Chip, AI Investment Plan — Update

By Kwanwoo JunSouth Korea has laid out plans for nearly $2 trillion of investment in semiconductor industries and artificial-intelligence infrastructure, with memory-chip leaders Samsung Electronics and SK Hynix committing to substantial new investments.More than 3 quadrillion won will be spent in…

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StocksKR
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BAT to Reduce Workforce by Nearly a Fifth

(08:20 GMT) *British American Tobacco: On Track to Delivery Previously Announced GBP600M in Savings by 2028 (08:21 GMT) *BAT: Certain Roles at Global Service Hubs Have Transitioned to Accenture (08:23 GMT) *BAT: Outsourcing Affects Global Service Hubs in Costa Rica, Mexico, Poland, Romania, Malaysi…

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StocksGB
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Sterling Could Weaken if Political Risks Resurface — Market Talk

Sterling could weaken against the euro despite its recent resilience after U.K. Prime Minister Keir Starmer announced his resignation last week, ING's Francesco Pesole says in a note. Andy Burnham is widely expected to succeed Starmer. In recent days Ed Miliband has emerged as the frontrunner to be…

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Forex
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U.S. Stock Futures Higher as U.S.-Iran Return to Peace Talks

By Dow Jones Newswires StaffU.S. stock futures were higher in early European trade as investors cautiously return to risk at the start of a shortened trading week.Oil prices nudged higher with Brent crude hovering above $72 a barrel. However, the benchmark remained below highs hit earlier in the se…

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Tech Sector Likely to Continue Driving Asian Equities — Market Talk

Tech will likely remain the dominant investment theme within Asian equities, BNP Paribas analyst William Bratton says in a research note. The analyst thinks there is no reason for the sector's earnings momentum to slow or reverse over the near term. All three core components of the tech sector--sem…

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