ADVFN US – Market Content Editor
-
Picard Medical Shares Soar After Quarterly Revenue Beats Forecasts
Picard Medical Inc. (AMEX:PMI) shares surged nearly 43.9% in pre-market trading after the company reported second-quarter 2026 revenue significantly ahead of Wall Street expectations, triggering renewed investor interest following a period of weakness in the stock. Revenue for the quarter reached approximately $2.95 million, almost twice the analyst consensus estimate of around $1.55 million. The…
-
Exxon and LyondellBasell Eye Shell’s US Chemicals Portfolio – FT
Exxon Mobil (NYSE:XOM) and LyondellBasell NV (NYSE:LYB) have emerged as possible bidders for Shell’s (LSE:SHEL) US chemicals assets, which could be sold for up to $8 billion as the energy major seeks to reduce its exposure to weaker-performing operations. The Financial Times reported on Monday that the two industry groups are among several parties exploring…
-
Global Steel Production Slips as Chinese Weakness Offsets Growth Elsewhere
Global crude steel production declined modestly in July, as continued weakness in China outweighed stronger output across several other major producing markets, according to Morgan Stanley. Worldwide production fell 0.3% year-over-year during the month and was 0.6% lower on a year-to-date basis. China accounted for the overall decline, with crude steel output falling 3.6% year-over-year…
-
Gold Climbs Above $4,650 as U.S. Fiscal Risks Boost Demand for Bullion
Gold extended its advance on Monday, moving above $4,650 an ounce and remaining close to a three-month high as concerns over the U.S. fiscal outlook and Treasury efforts to restrain longer-term borrowing costs continued to strengthen demand for the precious metal. At 02:42 ET (06:42 GMT), XAU/USD was up 1% at $4,650.63 an ounce, while…
-
Oil Prices Retreat as Iraqi Tanker Passage Through Hormuz Eases Supply Fears
Oil prices moved sharply lower on Monday after signs of increased shipping activity through the Strait of Hormuz reduced some concerns about Middle Eastern supply disruptions, with Iran reportedly permitting several Iraqi oil tankers to transit the strategically important waterway. Separately, the New York Post reported that shipping traffic through Hormuz had risen considerably during…
-
Bitcoin Holds Above $77,000 After Regulatory Optimism Drives Rebound
Bitcoin (COIN:BTCUSD) traded higher on Monday, holding on to much of its recent recovery as expectations for more favourable U.S. cryptocurrency regulation and looser financial conditions supported demand for digital assets. Bitcoin gained 1.3% to $77,091.1 by 01:47 ET (05:47 GMT), after having climbed above $79,000 during its recent rebound. The wider cryptocurrency market also…
-
AI Trade in Focus as Nvidia Earnings and Iran Sanctions Keep Markets on Edge: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures moved lower on Monday as investors prepared for Nvidia’s (NASDAQ:NVDA) quarterly results later in the week, with uncertainty surrounding the artificial intelligence trade combining with geopolitical tensions between Washington and Tehran to weigh on sentiment. Markets are also looking towards Federal Reserve Chair Kevin Warsh’s appearance at Jackson Hole, where investors will…
-
How long could global oil stockpiles last if supply disruptions continue?
Global oil inventories are falling rapidly as the U.S.-Iran conflict and disruption to shipping through the Strait of Hormuz continue to affect supplies, but Citi estimates it could take several years before overall stockpiles approach levels associated with previous major oil crises. In a note to clients, Citi analysts estimated that observed global inventories declined…
-
Investor bullishness surges as BofA survey shows cash levels near historic lows
Investor optimism has climbed to its third-highest level since 2022, according to Bank of America’s August Global Fund Manager Survey, with portfolio cash holdings approaching historic lows and allocations to equities reaching their strongest level in nearly five years. Cash declined to 3.5% of assets under management in August from 3.6% in July, representing the…
-
Why Bank of America strategist Michael Hartnett says the trade is still long gold
Gold remains Bank of America strategist Michael Hartnett’s preferred protection against a weakening U.S. dollar, with investment funds focused on the precious metal recording their strongest weekly inflows since January. According to BofA’s latest fund flows data, gold attracted $6.3 billion during the week, marking the largest inflow since January 2026. Investors also directed $25.4…