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MS raises European banks to 'attractive' on improved risk-reward
** Morgan Stanley raises its view on the European banking sector to "attractive" from "in-line", citing receding risks to industry growth and conviction of continued yield steepening** "We raise our estimates and now see 10% EPS growth in 2026/27, which on 9x P/E is not priced in...Reuters
Wed, May 21
GLOBAL MARKETS-Stocks gain, dollar slips as traders eye growth outlook
Treasury yields remain elevated but dollar under pressure Japanese bonds in focus after steep selloff on TuesdayCrude prices jump after report of Israel preparing strike on Iran nuclear facilitiesPound rises after UK inflation jumps to higher-than-expected 3.5% in AprilBy Johann M Cherian May 21 ...Reuters
Wed, May 21
COLUMN-Japan's portfolio reshuffle raises red flag for US: Mike Dolan
By Mike Dolan LONDON, May 21 (Reuters) - Washington has plenty of homegrown reasons to be worried about the U.S. debt trajectory, but shifting Japanese investor preferences are adding one more question mark about who will keep funding America's rising deficit.Most U.S. investors would typical...Reuters
Wed, May 21
LIVE MARKETS-Nervous investors put dollar under pressure
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comNERVOUS INVESTORS PUT DOLLAR UNDER PRESSURE A look at the day ahead in European and global markets from Ankur BanerjeeAnother da...Reuters
Wed, May 21
Bank of Sydney subscribes to Infosys Finacle Digital Banking Suite on AWS Cloud
MELBOURNE, Australia, May 21, 2025 /PRNewswire/ -- Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), and Bank of Sydney (BoS), today announced the bank's decision to select the Infosys Finacle Digital Banking Suite to power its tra...PR Newswire
Wed, May 21
BYD shares soar to record high; Citi hikes PT on export strength
Investing.com-- BYD Co Ltd (SZ:002594) (HK:1211) shares rose to a record high in Hong Kong trade on Wednesday, with Citi hiking its price target on the Chinese electric vehicle maker on the grounds that it was best positioned to benefit from stronger exports.Investing.com
Wed, May 21
UK Stocks-Factors to watch on May 21
May 21 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures FFIc1 up 0.06%. * SHELL: Shell SHEL.L shareholders on Tuesday re-elected Chair Andrew Mackenzie and CEO Wael Sawan, who said when asked about a potential deal for rival BP BP.L that the bar for...Reuters
Wed, May 21
Street View: Lower commodity prices, Novelis risks to weigh on Hindalco's Q1FY26
** Aluminum and copper miner Hindalco HALC.NS reported fourth-quarter profit ahead of analysts' estimates on Tuesday on higher commodity prices, which led to its upstream unit posting record core profit ** Prices of commodities "slightly on the lower side currently" due to global uncerta...Reuters
Wed, May 21
BREAKINGVIEWS-Big earnings reactions dent public market’s appeal
By Aimee Donnellan LONDON, May 21 (Reuters Breakingviews) - Even a casual stock-market observer might have noticed some extreme share-price reactions to corporate earnings announcements of late. On the same day in late April, for example, software group ServiceNow NOW.N and toymaker Hasbro HAS.O...Reuters
Wed, May 21
EMERGING MARKETS-Ringgit leads Asia FX higher as dollar softens; Jakarta assets steady
Ringgit gains 0.6%Rupiah steady ahead of BI rate callS.Korean stocks reboundBy Rishav Chatterjee May 21 (Reuters) - Currencies in emerging Asia traded higher for the second straight session against an easing U.S. dollar on Wednesday, while stock markets lacked direction as investors sought more c...Reuters
Wed, May 21
EMERGING MARKETS-Ringgit leads Asia FX higher as dollar softens; Jakarta assets steady
Ringgit gains 0.6%Rupiah steady ahead of BI rate callS.Korean stocks reboundBy Rishav Chatterjee May 21 (Reuters) - Currencies in emerging Asia traded higher for the second straight session against an easing U.S. dollar on Wednesday, while stock markets lacked direction as investors sought more c...Reuters
Wed, May 21
Australia's TechnologyOne extends rally to record high after profit beat, PT hikes
** Shares of enterprise software co TechnologyOne TNE.AX extend gains to a second session, up 4.2% to A$38.32** Stock rose as much as 5.2% to a record high of A$38.67 earlier in the session** Co reported HY pre-tax profit (PBT) of A$81.9 mln ($52.78 mln) on Tuesday, beating Visible Alpha consensus o...Reuters
Wed, May 21
MORNING BID EUROPE-Nervous investors put dollar under pressure
A look at the day ahead in European and global markets from Ankur BanerjeeAnother day of dollar selling, albeit not an intense one, while Treasury yields remain elevated, keeping investors jittery as they watch for possible developments on U.S. trade deals and worry about the fiscal health of the U....Reuters
Wed, May 21
South Korean shares rise 1% as pharmaceutical stocks jump
KOSPI rises, foreigners net buyersKorean won strengthens against dollarSouth Korea benchmark bond yield rises SEOUL, May 21 (Reuters) - Round-up of South Korean financial markets:** South Korean shares rose on Wednesday, as pharmaceutical stocks jumped on the government's pledge to support th...Reuters
Wed, May 21
Australia's Mayne Pharma plunges on potential deal collapse with Cosette
** Shares of Mayne Pharma MYX.AX fall as much as 33.5% to A$4.310, marking their biggest intraday pct loss since early March 2009** Stock hits lowest level since 22 November 2024** The pharmaceutical firm says U.S.-based Cosette Pharmaceuticals initiated review of its A$672 mln ($433.10 mln) acquisi...Reuters
Wed, May 21
Japanese shares little changed after recent gains; Mizuho surges
By Rocky Swift TOKYO, May 21 (Reuters) - Japanese shares were little changed on Wednesday after recent gains, with traders looking for cues after the corporate earnings season.Mizuho 8411.T surged 4.3%, leading banks higher after announcing a plan to shed cross-shareholdings, while Tokio Marine H...Reuters
Wed, May 21
GLOBAL MARKETS-Asian stocks edge up as US trade deals, fiscal health in focus
Treasury yields remain elevated but dollar under pressure Japanese bonds in focus after steep selloff on TuesdayCrude prices jump after report of Israel preparing strike on Iran nuclear facilitiesBy Johann M Cherian May 21 (Reuters) - Asian equities edged higher on Wednesday, with risk appetite c...Reuters
Wed, May 21
Mayne Pharma slumps 30% as Cosette threatens to scrap $432 million deal
May 21 (Reuters) - Shares of Mayne Pharma MYX.AX plunged 30% on Wednesday after U.S.-based Cosette Pharmaceuticals initiated a review of its A$672 million ($432.1 million) acquisition, citing a "material adverse change" in the Australian firm's business and finances.Shares of Mayne Pharm...Reuters
Wed, May 21
Should You Buy Nu Holdings Stock While It's Below $15?
It's rare to find high-quality growth stocks on sale. But that looks to be the case with Nu Holdings (NYSE: NU). Most investors haven't heard of this stock, given that it operates exclusively in Latin America. But if you're looking to add sizable long-term growth potential to your portfolio at a dis...The Motley Fool
Wed, May 21
