Stock Market
Stay updated with the latest news, developments, and trends in the stock market worldwide.
Stay updated with the latest news, developments, and trends in the stock market worldwide.
Lilly to acquire Merida Biosciences for up to $2.875 billion
Eli Lilly announced it will acquire Merida Biosciences, a privately held biotech firm, in a deal valued at up to $2.875 billion. The transaction combines Lilly’s large‑scale drug development platform with Merida’s pipeline of antibody‑drug conjugates. Completion is expected later this year, subject to regulatory approval.
European stocks seal 5th monthly gain amidEnergy surge and central bank fears
European equities posted their fifth consecutive monthly gain, driven by a rally in energy stocks. The rise comes amid concerns that central banks may tighten monetary policy. The broader market outlook remains cautious as investors weigh the impact of higher rates on growth.
India rupee hits near four-week high on equity-related flows, RBI support; logs monthly rise
The Indian rupee rose to its highest level in nearly four weeks against the U.S. dollar. The gain was driven by equity‑related foreign inflows linked to stock‑index adjustments and support from the Reserve Bank of India. The currency ended the month in positive territory, and analysts expect the USD/INR rate to keep weakening.
UBS upgrades Kaiser Aluminum stock rating on improving fundamentals
UBS has raised its rating on Kaiser Aluminum shares, citing stronger financial metrics. The upgrade reflects improved earnings and cash flow performance. Analysts expect the company's fundamentals to support further price appreciation.
Fast-fashion retailer Shein shares fall more than 10% in pre-debut trading
Shein's shares dropped over 10% in trading before its public debut. The decline came as investors reacted to the company's upcoming listing. The fall reflects market skepticism about the fast‑fashion business model and valuation. Analysts noted broader challenges facing newly listed Chinese firms.
US Stock Market: Barclays turns hawkish on Fed, sees two rate hikes in 2026
Barclays has shifted its outlook on U.S. monetary policy, now forecasting two quarter‑point Fed rate hikes in 2026. The bank expects the increases to occur in September and December, reversing its prior stance of steady rates. The change follows recent hawkish comments from Fed Chair Kevin Warsh and lingering inflation concerns.
Japan’s biggest curry chain CoCo Ichibanya headed for sale
Japan’s biggest curry chain CoCo Ichibanya could be sold after its parent, House Foods Group, said it is weighing a sale, causing the chain’s shares to jump 16%.
Stock markets decline in early trade amid renewed tensions in West Asia, higher crude oil prices
Stock markets experienced a downward trend during early trading sessions. This decline was driven by escalating geopolitical tensions in West Asia and rising crude oil prices. Additionally, weak global market performance and continued foreign capital outflows negatively impacted investor sentiment.
Ather Energy shares rally 4% after launch of Konarc electric scooter at Rs 99,999. Buy, sell or hold the stock?
Ather Energy experienced a four percent increase in its share value following the introduction of the Konarc electric scooter. Priced from 99,999 rupees, the new vehicle comes in six different variants spanning the S and Z lines and offers an estimated range of up to 200 kilometers. This latest market movement builds on a significant upward trend for the company's stock over the preceding six months.
Tempsens Instruments shares slide over 4% on profit booking after record listing
Tempsens Instruments experienced a share price decline of over 4% following its initial trading session. This downward movement occurred as early investors moved to secure gains after the company's significant debut premium at launch. The correction follows high investor participation and heavy oversubscription during the initial public offering period last week.
Asian stocks drop on hawkish Warsh tone, oil gains
Asian equity markets experienced a decline following hawkish remarks attributed to Kevin Warsh. Meanwhile, Brent crude oil prices saw an increase, reaching US$89.30 per barrel by the end of August.
Hang Seng stuck in 25,200-26,200 squeeze: Live levels
Hong Kong's Hang Seng index remains trapped within a narrow trading range between 25,200 and 26,200 points. Market participants are closely monitoring live price action as the index continues to consolidate within these specific technical boundaries without a decisive breakout.
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