After weeks of heavy selling in artificial intelligence and semiconductor stocks, UBS believes the sharp momentum unwind could be approaching its final stages, potentially opening the door for investors to gradually rebuild positions in the sector. The bank's trading desk said hedge funds have already made one of the largest reductions in momentum and semiconductor exposure on record, suggesting much of the forced selling may already be behind the market.
Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF, FRA:3ZX1, AIM:SEI) said the exploration timetable for its offshore Uruguay interests has been extended by a year, while an Argentine offshore licensing opportunity moved towards a formal international tender. Uruguay's state-owned energy company and regulator ANCAP agreed to suspend the initial exploration period for the AREA OFF-1 block, pushing its expiry date to 23 August 2027.
USDCHF stuck sideways The US dollar remains bullish after bouncing over 50 pips from last week's reversal. The next step now is to break the new resistance at 0.8150 before a full rebound can materialise.
Tertiary Minerals PLC (AIM:TYM, OTC:TTIRF, FRA:TMU) told investors that early drilling results indicate that the higher-grade copper zone at its Mushima North project in Zambia continues across the northern section of Target A1. Preliminary pXRF analysis returned 45 metres at 0.41% copper and 0.28% zinc from 12 metres, including 6 metres grading 1.01% copper.
XRP pushed higher over 24 hours and tested short-term resistance, but the larger chart still needs a clean break above the $1.24-$1.28 supply zone to confirm a stronger reversal.
At press time, Solana (SOL) trades at $76.17, commanding a market capitalization of $44.4 billion alongside a 24-hour trading volume of $1.8 million.
The London Stock Exchange has unveiled plans for a new near-continuous trading venue, joining a global race among exchanges to extend the trading day. The venue, LSE 24, will run from Monday to Friday and is designed to support digital, algorithmic and so-called agentic trading, where AI agents execute orders.
Mitie said its shareholders would get up to 221.6 pence a share and that the acquisition is a 45% premium to Monday's closing price.
Uniswap's price recovery is beginning to look more than just another relief rally. The token climbed nearly 8% during Monday's session, extending a recovery that has quietly been building over the past few weeks.
The update comes with less than one week remaining for Frasers Group's $2.2 billion offer to take full ownership of the German company to end.
U.S.-listed spot altcoin ETFs were largely flat in the latest session, with fresh inflows concentrated in just a few products tied to XRP (XRP), Solana (SOL), and Hedera (HBAR)—a sign that investors remain selective as broader risk appetite cools across the altcoin complex. According to data compiled from the spot altcoin ETF market, XRP-focused spot ETFs recorded a net inflow of $2.49 million after posting a flat reading the prior day.
XRP continues to trade in the $1.10 zone as market participants battle for direction. The digital asset remains confined within a longer-term descending channel pattern, and multiple indicators suggest selling pressure persists across the board.
Ethereum is currently changing hands near $1,865 following a notable rebound from its June bottom around $1,505. Throughout July, the digital asset has established a pattern of ascending peaks and troughs, leaving market participants focused on whether momentum can carry prices beyond the $2,000 threshold.
The leading cryptocurrency by market capitalization reached approximately $65,500 on Tuesday, representing its strongest level in two weeks. The digital asset registered a 1% increase during the trading day and achieved a 5% advance across the seven-day period.
MAA's balance sheet is strong (low secured debt ratio ~2%, "A3" overall credit rating), but all three instruments are currently unattractive. MAA's asset yield is 10.33%, the asset coverage ratio is 211%, and the market-adjusted asset yield stands at 5.63%. MAA.PR.I preferred shares trade above par with a negative yield to worst, prompting a clear 'sell' recommendation until yields exceed 5%.
Frasers Group PLC (LSE:FRAS) has pushed its stake in Hugo Boss above 30%, clearing the threshold that triggers a mandatory takeover offer under German rules. The retail group controlled by Mike Ashley has bought a further 2.55 million shares, equal to about 3.69% of the German fashion house, after counterparties exercised put options on 17 July.
Prologis has intensified its pursuit of SEGRO PLC (LSE:SGRO), publicly attacking the warehouse landlord's defence a day before a deadline that forces the US giant to bid or walk away. The FTSE 100 property group rejected a third approach from Prologis on Monday, worth 993p a share, or about £13.5 billion.
The run has pulled in roughly $727 million, the most sustained stretch of buying since the record outflows of June.
ENS DAO approved an eight-member Security Council with two-year veto power to stop malicious proposals during the governance timelock period
MTU Aero Engines is rated Strong Buy, with 37% upside, driven by robust commercial MRO and military engine growth. MTU's €31.6 billion backlog, expanding GTF installed base, and rising defense exposure underpin multi-year earnings and free cash flow growth. Margins are pressured by a growing GTF MRO mix, but long-term MRO margin targets and cash conversion are set to improve significantly.
Hut 8 has signed a second 15-year lease for 352 megawatts of AI capacity at its Beacon Point campus in Texas. The deal doubles the tenant's commitment and highlights a wider shift by bitcoin miners toward long-term data center contracts.
The Pound to Canadian Dollar (GBP/CAD) exchange rate edged slightly higher on Monday as softer Canadian inflation weighed on the 'Loonie', although gains for Sterling were capped as investors awaited more policy detail from Prime Minister Andy Burnham. At the time of writing, GBP/CAD was trading at CA$1.8875, up around 0.1% on.
British outsourcer Mitie has agreed to be acquired by rival OCS Group International for a total value of £3.1 billion ($4.17 billion), the companies said on Tuesday.
Euro: Downward bias capped by 1.1390 support against US Dollar – UOB
Swiss bank Julius Baer said on Tuesday net new money for the first six months of the year reached 5.7 billion Swiss francs ($7.04 billion), or annualised growth of 2.2%, beating expectations after a slow start to the year.
French oil group Maurel & Prom said on Tuesday that a sharp rise in oil prices drove its half-year sales to $366 million, 27% higher than in the second half of 2025.
The company, which operates on the Norwegian Continental Shelf, said the deal will increase its exposure to European gas markets and expands access to key gas infrastructure.
CRISPR Therapeutics offers a diversified gene-editing pipeline, with CASGEVY as its lead approved asset and multiple upcoming catalysts. CRSP's valuation reflects a 38% drawdown from its 52-week high, while several clinical data readouts and trial initiations are imminent. CASGEVY's efficacy and expanding market access, combined with a robust cash position, underpin a favorable risk/reward at current levels.
Personalis, Inc. (PSNL) M&A Call Transcript
Leading cryptocurrency analyst Ali Martinez anticipated on Monday a “decisive breakout” for XRP (CRYPTO: XRP) if the token successfully surpasses a key resistance level. Where Is XRP Headed?