Saab Q2 Profit Tops Expectations as Orders Soar During Defence Boom
July 17, 2026, 4:53 AM EDT. Saab posted a 41% increase in operating earnings for the second quarter, reaching 2.79 billion Swedish crowns ($289 million) and outperforming analyst estimates of 2.48 billion crowns. The Swedish defence group’s sales grew 29.8% year on year, while order bookings surged 141%, fuelled by heightened demand as European nations ramp up defence spending following the conflict in Ukraine. Saab, manufacturer of Gripen fighter jets and various military systems including missiles and submarines, secured major deals such as a $4.8 billion submarine contract with Poland. The company has also received orders from NATO and Canada for surveillance aircraft. CEO Micael Johansson noted that discussions over future next-generation fighter jet partnerships are ongoing, with Airbus interested in participating.
Saab profit beats forecast as defence boom…
Global X ETFs ICAV Reports July 16, 2026 NAVs for Multiple Funds
July 17, 2026, 4:52 AM EDT. Global X ETFs ICAV published unaudited Net Asset Value (NAV) per share figures for several leading Exchange-Traded Funds (ETFs) as of July 16, 2026. Among the highlights, the Global X Video Games & Esports UCITS ETF posted a NAV of $12.0314 for the accumulation class and $11.7359 for the distribution class, while the Global X E-Commerce UCITS ETF stood at $13.9884 for the accumulation class. Additional funds reporting include Telemedicine & Digital Health, CleanTech, Data Center REITS & Digital Infrastructure, Autonomous & Electric Vehicles, Cybersecurity, and Robotics & Artificial Intelligence. NAV, calculated as a fund’s assets less liabilities per share, serves as a key reference for investors, supporting transparency and the alignment of ETF share prices with market value.
REG – Mirae Asset ETF ICAV – Global X ETF …
US Futures Fall as Tariffs and Rising Energy Costs Stir Market Caution
July 17, 2026, 4:51 AM EDT. US stock futures, including the E-mini S&P 500 and Nasdaq-100, edged down between 0.1% and 0.4% as investors assessed tighter financing conditions alongside uneven global growth signals. A proposed 25% tariff on Brazilian imports has sparked concerns over increased costs for firms deeply involved in trade. Meanwhile, US crude inventories and the Strategic Petroleum Reserve have reached their lowest levels in decades, raising the risk of elevated fuel prices. These pressures may impact transport, manufacturing, and consumer goods sectors before earnings adapt. AST SpaceMobile shares fell 17% after announcing the issuance of convertible notes, while Nebius Group and Bloom Energy also slipped on regulatory and supply concerns. The release of US financial company earnings and global inflation data will help determine the next market moves, with results from regional banks and insurance companies arriving Friday. Decisions on interest rates in China and new data on producer prices in Europe are expected to further inform the outlook for international trade and inflation.
US Stock Market Today: S&P 500 Futures Dip…
Dollar Unchanged but Set for Weekly Loss as Fed Hike Expectations Ease, Middle East Tensions Persist
July 17, 2026, 4:50 AM EDT. The U.S. dollar was little changed on Friday, yet remained on course for a weekly loss after subdued U.S. inflation data prompted traders to scale back expectations for near-term Federal Reserve rate increases. Heightened tensions between Iran and the United States in the Middle East continued to boost safe-haven flows into the dollar and drove oil prices to almost one-month highs. The dollar index was flat at 100.69 and headed for a 0.3% decline over the week. At the same time, the euro and British pound edged higher, lifted by easing economic worries. The Japanese yen stayed around a 40-year low despite hints of possible official action. Economists do not expect a change in Fed rates in July, with the likelihood of hikes dropping to 11%. Persistent strength in U.S. retail sales and the job market has helped dampen concerns over aggressive policy tightening.
Dollar steady but set for weekly drop on f…
S&P 500 Futures Slip as Investors Weigh Inflation Data and Fresh Tariffs
July 17, 2026, 4:49 AM EDT. S&P 500 futures declined 0.1% early Friday, with US stock futures under pressure from conflicting inflation indicators and renewed trade anxieties. Producer prices for June dropped 0.3% from the previous month, pointing to some relief in factory costs, while core producer prices climbed 0.2%, underscoring continued inflation in services. The yield on 10-year Treasuries remained steady near 4.56%, signaling persistent borrowing expenses. Fresh US tariffs of 25% on Brazilian imports heightened supply chain worries. Investors are assessing whether easing inflation and elevated interest rates could benefit interest-rate-sensitive sectors like real estate or more robust areas such as industrials and exporters. Upcoming quarterly results from key regional banks and insurance firms are expected to shape near-term market sentiment amid prevailing inflation and rate uncertainties.
US Stock Market Today: S&P 500 Futures Sli…
U.S. Stock Futures Fall as Chip Stocks Slide
July 17, 2026, 4:48 AM EDT. Futures for U.S. stocks slipped, led by declines in semiconductor shares that pressured broader markets. The Nasdaq, which is heavily weighted toward technology, was poised to deepen losses as shares in the artificial intelligence (AI) sector moved lower during premarket trading, underscoring ongoing concerns about chipmakers’ prospects. The pullback in chip stocks contributed to a broader sense of caution, with investors wary of potential disruptions in supply chains and possible demand weakness within major tech industries. Market participants are watching corporate earnings and sector news closely during a period of heightened volatility.
U.S. Stock Futures Lower as Chip Selloff R…
Nasdaq (NDAQ) Trades 11% Below Estimated Value Before Earnings
July 17, 2026, 4:35 AM EDT. Nasdaq (NDAQ) traded at $94.25 with a 7.69% weekly gain as the market readies for its July 23 earnings update. The stock is viewed as 11.5% undervalued against a $106.53 fair value estimate, supported by positive sentiment on Verafin’s AI progress and expanding cloud collaborations. Still, there are worries about possible slowdowns in major FinTech transactions and intensifying competition that could weigh on both revenue and margins. Meanwhile, a discounted cash flow (DCF) model suggests a lower $81.41 per share value, highlighting divergent perspectives on Nasdaq’s long-term cash flow. The split in valuation remains central for investors sizing up Nasdaq’s earnings prospects against a backdrop of mixed sentiment.
Nasdaq (NDAQ) Could Be 11% Undervalued As …
ITM Power’s Dennis Schulz Buys 134 Shares at GBX 112 Each, Continuing Insider Accumulation
July 17, 2026, 4:34 AM EDT. Dennis Schulz, an insider at ITM Power Plc, acquired 134 shares at GBX 112 each on July 15, maintaining the trend of insider purchases. Earlier, Schulz bought 92 shares at GBX 162 on May 15. Shares ended Friday at GBX 100.40, under their 50-day moving average of GBX 142.95. ITM Power, the UK hydrogen technology group, holds a market value of £692.96 million and posts a negative PE ratio of -20.08, reflecting sustained losses common for new clean energy players. Analysts retain a cautiously optimistic stance, with two ratings each for Buy and Hold; Berenberg and Jefferies have recently increased their target prices to GBX 110 and £200. ITM Power focuses on proton exchange membrane electrolysers for green hydrogen production, targeting industrial decarbonisation via its integrated offerings.
Insider Buying: ITM Power (LON:ITM) Inside…
South Korea’s Market Moves Away from Global Proxy amid AI-Fueled Volatility
July 17, 2026, 4:33 AM EDT. Once considered a steady barometer for global economic trends, South Korea’s stock market has become a hub of volatility driven by billions in leveraged positions on artificial intelligence (AI) stocks. The influx of AI-focused investment has brought heightened swings, confounding regulators and investors alike. This change underscores AI’s expanding role in shaping investor decisions, as the market transitions from a stable benchmark to a speculation-intensive landscape.
How Korean stocks turned from trusty bellw…
Texas Stock Exchange Launch Puts New Pressure on New York's Wall Street
July 17, 2026, 4:31 AM EDT.Texas overtakes New York as an emerging business center following the debut of the Texas Stock Exchange, intensifying competition with Wall Street. The past decade has seen more than 300 firms move to Texas, drawn by low taxes and favorable regulations, such as lawsuit restrictions. Meanwhile, New York is contending with population decline and falling income-nearly 2 million residents have departed and aggregate income has fallen by $1 trillion over 12 years. The new Texas exchange is putting jobs at risk in Wall Street’s financial sector, which directly employs over 150,000. A political tide towards increased taxes and socialist measures in New York could deepen the exodus from the financial industry. Stephen Moore, an economic adviser to former President Trump, warns these trends might leave Wall Street nearly obsolete by 2029.
Moore: Why NY’s losses are gains for Texas
Laser Power Shares Jump 10% on Debut After Strong IPO
July 17, 2026, 4:23 AM EDT. Laser Power shares climbed 10% in early deals on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) after the stock began trading at a premium, reflecting strong demand for its Rs 742 crore initial public offering (IPO). The gains highlight investor confidence as the company begins trading on the exchanges.
Laser Power Shares Extend Listing Gains; S…
Asian Shares Slide as Tech Stock Rout Ripples Across Markets
July 17, 2026, 4:22 AM EDT. Asian shares slumped on Friday, with major indexes in Japan and Taiwan falling as much as 6% as a tech stock rout swept through global markets. The steep declines in the technology sector added to fears over high valuations and spurred profit-taking. Analysts labeled the session a ‘bloodbath,’ citing heightened investor nervousness. Selling spread across regional indices, underscoring the considerable impact of the tech sector on overall market sentiment. The drop followed a series of policy challenges and weak earnings that have dented global investor confidence.
'Bloodbath': Analysts react to Asian share…
Americas Silver Shares Dip Under 50-Day Moving Average Despite Predominantly Positive Analyst Ratings
July 17, 2026, 4:21 AM EDT. Americas Silver Corp (TSE:USA) shares fell below their 50-day moving average of C$7.53, finishing the session at C$5.25 on strong trading volume. The company’s market cap is C$1.77 billion, with a beta of 2.91, reflecting significant price swings. Analysts largely maintain optimistic views, citing price targets between C$10 and C$16 and an average rating of ‘Buy.’ Although Americas Silver recently recorded a quarterly profit of C$0.08 per share, it reported a negative net margin of 36.39% and is projected to post a -0.08 EPS loss for the fiscal year. The company owns mining assets in both Mexico and the US, extracting silver, lead, zinc, and copper.
Americas Silver (TSE:USA) Stock Price Cros…
Seven & i Advances on Plans to Buy Stake in Zabka for European Growth
July 17, 2026, 4:19 AM EDT. Shares in Seven & i, which owns 7-Eleven, climbed nearly 4% in Tokyo after the company entered talks to acquire an interest in Polish convenience retailer Zabka, estimated at a value of about $8 billion. Seven & i’s pursuit of Zabka is targeted at enlarging its footprint in Eastern Europe, adding to its positions in Japan, North America and Europe. In Warsaw, Zabka shares jumped 11%. The potential deal, valued in the several hundred billion yen range, aligns with CEO Stephen Dacus’s strategy to spur growth amid investor scrutiny over lackluster performance. Seven & i’s latest expansion includes buying Speedway in the U.S. and acquiring 7-Eleven outlets in Australia. Strengthened by alliances with SoftBank and other partners, the company is looking to defend itself from takeover risks and boost resilience. Analysts pointed to the possible operational benefits, describing the transaction as a protective financial step.
7-Eleven owner's shares jump as Zabka talk…
Volvo Cars Expects Second-Half Recovery After China Slump; Shares Tumble
July 17, 2026, 4:18 AM EDT. Volvo Cars shares dropped 8% following a 35% decline in China sales that drove second-quarter operating profit margin down to 1.1%. The Swedish automaker, controlled by China’s Geely, pointed to intense price competition and elevated raw material expenses. CEO Hakan Samuelsson described China as the “most difficult region.” Despite these pressures, Volvo forecasts a stronger performance for the rest of the year, aiming for a 10% rise in volumes and higher earnings margins as its new EX60 SUV enters full production. The company has already achieved 5 billion crowns in cost savings ahead of schedule, boosting its resilience as trade tensions and other market headwinds persist.
Volvo Cars sees stronger second half despi…
WeWork India Cuts Losses as Shares Slide; Australian Market Hit by BHP Drop; Amundi to See €300 mln Boost from India JV IPO
July 17, 2026, 4:17 AM EDT.WeWork India reduced its consolidated net loss to Rs 4.3 crore in Q1 FY27 versus Rs 14.1 crore a year earlier, but its shares fell 10% as investors remained wary. Australian shares declined, pressured by losses in BHP and mining stocks, even as energy shares gained on higher oil prices amid U.S.-Iran tensions. Amundi SA is set for a €300 million ($343 million) gain after its Indian asset management joint venture’s IPO, supporting ongoing expansion in India. Allianz chief economic adviser Mohamed El-Erian noted a significant market move, with the Dow and S&P 500 nearly matching the Nasdaq’s returns as the tech sector faces questions about increasing AI infrastructure expenses.
Stock Market Today: Live Updates 17.07.202…
WeWork India Cuts Q1 Net Loss to Rs 4.3 Crore; Shares Fall 10%
July 17, 2026, 4:09 AM EDT. WeWork India lowered its consolidated net loss to Rs 4.3 crore in Q1 FY27 from Rs 14.1 crore in Q1 FY26, highlighting progress in its financial performance. However, shares dropped 10% as investor sentiment remained cautious. The market reaction points to ongoing doubts about WeWork India’s growth outlook or challenges in the sector, despite the company’s improvement in narrowing its net loss year on year.
WeWork Share Price Tanks 10% Despite Healt…
Australian Shares End Lower as BHP Drags Miners; Energy Stocks Climb on Oil Gains
July 17, 2026, 4:08 AM EDT. Australian shares fell, pressured by declines in BHP and other mining stocks, which overshadowed advances in the energy sector. Oil-related companies saw gains as crude prices rose on escalating U.S.-Iran tensions in the Gulf. BHP’s losses exerted significant pressure on the broader market, reflecting ongoing investor caution toward metals and mining. In contrast, geopolitical concerns boosted energy shares as higher oil prices offered support.
Australian shares slip as BHP, miners lose…
Amundi Set for €300 Million Profit as Indian Asset Management JV Lists
July 17, 2026, 4:07 AM EDT. Amundi SA is poised to record a net capital gain of about €300 million ($343 million) following the IPO of its asset management joint venture in India. The move underscores Amundi’s ongoing strategy to expand in the Indian market via its partnership in the local operation. The French asset manager stands to benefit financially as it reaps the rewards from the listing.
Amundi to Book €300 Million Gain From IPO …
El-Erian Says Dow, S&P 500 Catching Up to Nasdaq in Notable Market Shift
July 17, 2026, 4:06 AM EDT. Mohamed El-Erian, chief economic adviser at Allianz, pointed to a significant market development as the Dow Jones Industrial Average and S&P 500 have moved closer to the Nasdaq Composite in terms of performance. He described the narrowing gap as ‘fascinating.’ This trend comes after technology and semiconductor shares pulled back, amid worries over the mounting costs tied to artificial intelligence (AI) infrastructure investments. So far this year, the Dow is up 9%, the S&P 500 has gained 10%, and the Nasdaq has advanced 11%, closing the earlier gap held by AI-driven tech leaders. The shift has sparked debate among analysts about whether the move means market breadth is improving, signals too much convergence, or hints at upcoming caution. Selling picked up pace after Taiwan Semiconductor Manufacturing increased its projected 2026 capital spending, heightening concerns about growing AI expenses and leading investors to re-examine tech sector valuations.
El-Erian Flags ‘Fascinating’ Market Shift …
Kioxia, TSMC Lead AI Chip Stock Drop Across Asia
July 17, 2026, 4:05 AM EDT.Asia’s AI chip stocks dropped, led by declines in Kioxia and TSMC, as widespread selling hit technology shares. The sector’s pullback followed a period of profit-taking after recent gains, sending prices lower for AI-focused semiconductor makers. The move reflects increasing market caution, with supply chain issues and worries about future demand weighing on sentiment. Volatility remains high in the fast-growing AI chip space, attracting strong investor interest. Analysts are closely watching Kioxia and TSMC, whose results often signal the direction for the wider technology sector during uncertain times.
Asia's AI chip rally cracks as Kioxia, TSM…
Valterra Platinum Sees H1 Earnings Surge as PGM Prices and Sales Jump
July 17, 2026, 4:04 AM EDT. Valterra Platinum (LSE:VALT) expects H1 2026 earnings to climb significantly, citing an 85% jump in platinum group metal (PGM) prices to $2,801/oz and an 18% increase in sales volumes. Headline earnings are forecast at R18.5 billion to R22.2 billion, sharply higher than last year’s R1.2 billion, with headline earnings per share rising to 7,047-8,456 cents. Gains follow improved operations after floods and more effective production scheduling. The company also reports increased tax and royalty payments due to higher profitability. Interim results are set for release on July 29 via listings on the Johannesburg and London stock exchanges. Valterra is among the world’s top PGM producers, operating in South Africa and Zimbabwe.
Valterra Platinum expects sharp first-half…
Dolat Capital Issues Rare Sell Call on NSE Before Landmark IPO
July 17, 2026, 4:03 AM EDT. National Stock Exchange of India (NSE) was hit with an uncommon sell recommendation by Dolat Capital Market Pvt just before its upcoming IPO, which aims to raise $3-3.3 billion and values the exchange close to $57 billion, marking it as India’s biggest. Dolat’s cautious stance is driven by worries over possible SEBI regulatory changes that could restrict derivatives trading volumes, a crucial revenue stream for NSE. NSE booked a strong 103 billion rupees in profit for fiscal 2026, though this represents a 15% drop year-on-year. Major holders such as State Bank of India and CPPIB will offload shares, while LIC is not selling. Investors are advised to track regulatory risks and profit shifts as the IPO nears.
National Stock Exchange of India gets rare…
Georgina Energy Allocates 9.25 Million Shares to Senior Management After IPO
July 17, 2026, 4:01 AM EDT. Georgina Energy plc (LSE:GEX) has allocated 9.25 million new ordinary shares, representing around 4.3% of its issued share capital, to senior management as part of its long-term incentive plan, following the company’s July 2024 IPO. The shares, distributed without cost, are intended to align management and shareholder interests and will be eligible to trade on the London Stock Exchange starting July 22, 2026. With this move, Georgina Energy’s total issued shares will climb to 222.76 million, resulting in some dilution and creating a fresh baseline for FCA regulatory disclosure. The firm, while recently showing technical support, remains unprofitable, with sustained losses and increasing debt, and continues to report no revenue or dividends.
