Today: 23 May 2026

DBS stock price ticks up in Singapore — what to watch ahead of Feb 9 results

DBS stock price ticks up in Singapore — what to watch ahead of Feb 9 results

DBS shares rose 0.6% to S$59.23 in Singapore Tuesday, recovering some ground after Monday’s drop. The move comes ahead of the bank’s full-year results due Feb. 9, with investors focused on margins and dividends. Global markets steadied after sharp swings in gold and silver triggered by expectations of a more hawkish U.S. Federal Reserve. OCBC gained 0.8%, while UOB was little changed.
3 February 2026
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South32 share price (ASX:S32) rebounds 2% after Monday drop, with results day looming

South32 share price (ASX:S32) rebounds 2% after Monday drop, with results day looming

South32 shares closed up 2.0% at A$4.51 in Sydney, rebounding from a 4.3% drop the previous day. The move comes ahead of the miner’s half-year results and interim dividend announcement set for Feb. 12. The Reserve Bank of Australia raised rates to 3.85%, lifting the Australian dollar above 70 U.S. cents. Silver prices remain volatile after a record high and steep drop last week.
3 February 2026
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Lynas Rare Earths share price jumps after Trump’s Project Vault shakes up rare earth supply talk

Lynas Rare Earths share price jumps after Trump’s Project Vault shakes up rare earth supply talk

Lynas Rare Earths shares rose 3.3% to A$15.25 Tuesday after Trump’s “Project Vault” mineral reserve plan and ahead of further White House comments. The stock rebounded from last week’s drop, when reports of a U.S. retreat from price floor talks triggered sharp losses across the sector. Japan recovered rare-earth-rich seabed mud, while TDK warned of Chinese export limits disrupting supplies. Lynas quarterly revenue rose to A$201.9 million despite lower output.
3 February 2026
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Thames Water’s £16bn rescue deal is close — lenders may take 30% losses

Thames Water’s £16bn rescue deal is close — lenders may take 30% losses

Creditors are nearing a £16 billion rescue deal for Thames Water, with senior lenders facing losses of up to 30% on Class A debt, according to reports. The plan would give creditors at least a 10% equity stake in the recapitalised utility. A creditor group holding £13 billion of debt aims to reach terms with Ofwat by mid-February. Thames Water serves 16 million customers and has faced over £100 million in fines for sewage spills.
3 February 2026
Xero share price jumps on AI push and fresh US payments numbers — here’s what investors watch next

Xero share price jumps on AI push and fresh US payments numbers — here’s what investors watch next

Xero shares rose 2.6% to A$96.10 after an investor briefing outlined AI and U.S. payments plans. The company expects Melio to reach adjusted-EBITDA breakeven by H2 FY28. BillPay payments revenue jumped 74% to NZ$158 million in FY25, while U.S. gross margin slipped to 38%. Xero will update its guidance framework with full-year results on May 14.
3 February 2026
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Stock Market Today

  • BASF Valuation Mixed as Share Price Momentum Clashes with Fair Value Models
    May 23, 2026, 2:53 AM EDT. BASF (XTRA:BAS) shares have retreated 3.4% in the last month but climbed 5.7% over three months, trading at €51.67. Market narratives differ on BASF's valuation. The popular view suggests BASF is about 6.5% overvalued with a fair value estimate of €48.50, reflecting cautious optimism on revenue recovery and profitability. Conversely, a discounted cash flow (DCF) model estimates BASF's intrinsic value at €110.25, indicating a 53% undervaluation. Investors face conflicting signals amid risks like weak European margins and possible IPO delays in agricultural units. The divergence raises questions on which valuation metric better captures BASF's future earnings potential.

Latest articles

Dow Hits Record Close; All Eyes Turn to Holiday-Week Trading

Dow Hits Record Close; All Eyes Turn to Holiday-Week Trading

23 May 2026
The Dow closed at a record 50,579.70 on Friday, while the S&P 500 notched its eighth straight weekly gain. After-hours trading saw SPY, QQQ, DIA, and IWM all move lower. U.S. markets will be closed Monday for Memorial Day. Investors await Thursday’s inflation data.
IREN Stock Pauses as Nvidia Rally Cools Before Holiday

IREN Stock Pauses as Nvidia Rally Cools Before Holiday

23 May 2026
IREN shares fell 2.1% to $56.83 Friday, ending a two-day rally but closing the week up 7.4%. The stock’s moves follow a $3.4 billion AI cloud deal with Nvidia and a $3 billion convertible note offering. March-quarter revenue dropped to $144.8 million, with a net loss of $247.8 million. U.S. markets close Monday for Memorial Day; trading resumes Tuesday.
AXT stock reaches record; investors weigh risk to rally

AXT stock reaches record; investors weigh risk to rally

23 May 2026
AXT shares jumped 16.37% to $140.83 on Friday, hitting a 52-week high and trading above all recent analyst targets. The surge followed strong demand for AI-linked optical networking hardware and a sharp rise in indium phosphide orders. First-quarter revenue climbed to $26.9 million, with gross margin turning positive. Management forecast Q2 profitability and a backlog over $100 million.
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