康臣药业公告，公司决定根据股东大会授予的购回授权执行股份回购计划，将于公开市场回购股份。回购总金额最多2亿港元，回购期限自2026年5月27日至2026年12月31日。根据上市规则，每股回购价格不得高于紧接每次回购前五个交易日股份平均收市价的5%。回购股份将予注销或以库存方式持有。董事局认为公司股价未充分反映内在价值，回购符合长期发展战略。 免责声明： 风险提示：本文内容仅供参考，不代表同花顺观点。同花顺各类信息服务基于人工智能算法，如有出入请以证监会指定上市公司信息披露平台为准。如有投资者据此操作，风险自担，同花顺对此不承担任何责任。

以色列国防军27日说，以军在过去一天袭击了黎巴嫩南部提尔、奈拜提耶地区以及贝卡谷地的150多个黎真主党基础设施和武装人员目标。新华社记者手机上的以色列民防软件显示，当天上午以北部靠近以黎临时边界的地区拉响防空警报。以军随后证实有多架无人机坠落在以色列境内，目前尚无人员伤亡报告。（新华社）

BEIJING, May 27 (Reuters) - U.S. PayPal users can now make purchases across ‌China using WeChat Pay's QR-code ‌merchant network, Tencent Financial Technology said on Wednesday, ​adding the service will be rolled out to PayPal users in other markets in phases. • Tencent's cross-border payment platform ‌TenPay Global ⁠is now connected to PayPal World, Tencent Financial Technology vice ⁠president Daniel Hong said, according to a company social media post. • The company ​is offering ​incentives to ​encourage the use ‌of foreign bank cards linked to WeChat Pay, including temporary fee waivers through 2026. • It will also expand language support and on-the-ground assistance for international users ‌in Shenzhen ahead ​of the Asia-Pacific Economic ​Cooperation (APEC) meeting ​in November. • Ant Group's Alipay ‌and Tencent's WeChat Pay ​dominate China's ​digital payments market, underpinning everyday transactions across retail, transport and services in ​the ‌world's largest mobile payments market. (Reporting by ​Shi Bu and Liz Lee. Editing ​by Mark Potter)

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格隆汇5月27日｜成都迈科康生物科技股份有限公司科创板IPO获受理，公司拟融资金额29.29亿元。

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Apple (AAPL), Marvell (MRVL) and F5, Inc. (FFIV). Unlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis. Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter Apple (AAPL) In a report released today, Wamsi Mohan from Bank of America Securities reiterated a Buy rating on Apple, with a price target of $380.00. The company’s shares closed last Friday at $308.82. According to TipRanks.com, Mohan is a top 100 analyst with an average return of 46.3% and a 65.0% success rate. Mohan covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and DigitalOcean Holdings. ;'> Apple has an analyst consensus of Moderate Buy, with a price target consensus of $320.83, representing a 4.8% upside. In a report issued on May 11, Evercore ISI also maintained a Buy rating on the stock with a $330.00 price target. See the top stocks recommended by analysts >> Marvell (MRVL) In a report released today, C J Muse from Cantor Fitzgerald maintained a Hold rating on Marvell, with a price target of $190.00. The company’s shares closed last Friday at $196.33. According to TipRanks.com, Muse is a top 25 analyst with an average return of 80.5% and a 76.4% success rate. Muse covers the Technology sector, focusing on stocks such as Advanced Micro Devices, GlobalFoundries Inc, and Applied Materials. ;'> Currently, the analyst consensus on Marvell is a Strong Buy with an average price target of $164.58, implying a -15.5% downside from current levels. In a report issued on May 13, Goldman Sachs also maintained a Hold rating on the stock with a $125.00 price target. F5, Inc. (FFIV) Bank of America Securities analyst Tal Liani reiterated a Sell rating on F5, Inc. today and set a price target of $300.00. The c...

Employees at Samsung Electronics’s memory chip division are to receive bonuses averaging about £310,000 each through a landmark profit-sharing agreement, as the AI boom drives up chipmakers’ profits. Fears of a strike at Samsung were averted on Wednesday after two unions for the world’s largest memory chipmaker said that 74% of the 62,616 workers who cast their votes had backed the deal. The agreement, mediated by South Korea’s government, means Samsung will set aside 10.5% of operating profits at its semiconductor division to pay special bonuses to its chip workers. It should end a bitter five-month dispute. But it could also create tensions within Samsung, as employees in other divisions such as its consumer electronics arm will receive much smaller bonuses in comparison. Reuters reported last week that a memory chip worker with a ​base salary ⁠of 80 million won ($53,400 or £39,700), for example, is expected to receive a bonus of about 626 million won ($416,000 or £310,000) this year, mostly paid in stock, according to a union source. Bonus levels will vary between staff. Bloomberg calculated that Samsung’s chip workers stand to get 513 million won ($340,000 or £250,000) on average. Samsung employs about 78,000 people in its semiconductor division, which includes memory chips, contract chipmaking and designing semiconductors for clients. Demand for memory chips from AI datacentres has led to a chip shortage, prompting vendors to lift their prices sharply, boosting their profits. This boom has driven the value of the memory chip firms SK Hynix and Micron over the one-trillion-dollar mark for the first time. Shares in South Korea’s SK Hynix surged by more than 9% on Wednesday, lifting its market capitalisation to above $1tn. On Tuesday, Micron’s share price rocketed by 19%, taking its value over the $1trn mark, after analysts at investment bank UBS tripled their price target on its stock. Micron helped to lift the tech-focused Nasdaq index to a new record high on Tu...

Forbes Daily: Micron Technology Is The Latest $1 Trillion Chipmaker Forbes

核心要点 欧洲央行副行长在接受美国消费者新闻与商业频道采访时表示，多重因素叠加之下，市场出现回调的风险 已处于较高水平 。 伊朗局势、市场高估值以及私人信贷领域的脆弱性均构成风险隐患。 近几个月来，欧洲各国央行官员多次表态，将全力降低美国对伊朗军事行动带来的冲击。 2025 年 1 月 30 日，德国法兰克福，欧洲央行副行长路易斯・德金多斯出席利率决议新闻发布会。彼时欧洲央行年内第五次下调借贷成本，区域经济增长陷入停滞，通胀率逐步向 2% 的目标靠拢。 尽管地缘政治动荡、财政压力凸显，且市场估值偏高，但全球股指仍接连创下历史新高。欧洲央行副行长路易斯・德金多斯周三在接受美国消费者新闻与商业频道采访时称，市场迎来回调的风险已明显加剧。 这位欧洲央行高层在受访时表示：“当前市场估值普遍处于高位，回调风险客观存在。在我们看来， 地缘政治风险是最主要的隐患 。” 他补充道：“除此之外，欧洲财政状况、非银金融机构（主要是私人信贷与私募机构）的现状，以及这类机构与银行体系之间的关联风险，同样不容忽视。各类风险因素交织在一起。” 市场普遍预期伊朗冲突会很快落幕，而德金多斯认为，这场战事的持续时间，将直接决定市场所面临风险的严重程度。 他说：“目前市场预判冲突会迅速结束，一旦事态发展不及预期，投资者心态就会发生转变。再叠加其他风险因素，很可能触发市场回调。” 地缘经济承压 欧洲央行于同日发布最新一期《金融稳定评估报告》。报告指出， 地缘经济压力与能源供应中断 ，正主导着欧元区金融稳定前景。 报告提到：“长期地缘政治紧张叠加持续的财政困境，或将打击金融市场情绪。市场目前明显低估了地缘政治、财政及宏观金融层面的下行风险，形势可能进一步恶化。” 报告警示，在地缘经济形势严峻的背景下，部分高负债欧元区国家若继续推行财政扩张政策，会令公共财政压力进一步加大，并引发主权风险重估。 欧洲央行同时指出，活跃于私募市场的各类非银金融机构存在诸多薄弱环节，对金融稳定构成新威胁。 报告写道：“中东冲突尚未对非银金融机构造成明显冲击，但全面市场下行会使其面临严峻考验。这类机构普遍流动性储备不足、资产组合估值偏高，且持仓集中，极易出现被动抛售资产的情况，进而放大市场波动。” “目前这类问题尚未在欧元区演变为系统性风险，但私募市场运作透明度低、机构间关联紧密，叠加来自美国的风险外溢效应，仍需密切监控。” 欧洲...

People walk past a Lululemon store on April 03, 2025 in Miami Beach, Florida. Joe Raedle | Getty Images Lululemon is ending its feud with founder Chip Wilson. The athletic apparel company entered into an agreement with Wilson on Wednesday that ended a messy proxy contest the founder started late last year as its largest individual shareholder. Under the terms of the deal, Luluelmon has agreed to appoint two of Wilson's nominees – former On co-CEO Marc Maurer and former ESPN Chief Marketing Officer Laura Gentile – and an additional director with "product and brand expertise in apparel" by October. In exchange, Wilson agreed not to bad mouth the company for about a year and a half, among other provisions. Shares rose about 4% in early trading. Wilson previously asked the company to reimburse expenses associated with his proxy contest, but ultimately agreed instead to a donation that Lululemon will make to Kitsilano Beach in Vancouver, where Lululemon was founded, to support athletics, art and landscaping. "We are pleased to reach this agreement with Chip Wilson, which allows lululemon to focus on continuing to strengthen its performance," said Marti Morfitt, Lululemon's executive chair. "We look forward to welcoming Laura and Marc, who will bring additional perspective to our existing group of qualified directors. Lululemon now has a clear path forward for our incoming CEO, Heidi O'Neill, and our leadership team, as we continue to advance our strategies to foster strong brand health, reaccelerate growth, and deliver enhanced value for our shareholders." Wilson said the appointees, alongside strategic changes already made, "reflect meaningful progress toward restoring the company's product-first vision and unlocking tremendous value for shareholders." Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

BlackJack3D/E+ via Getty Images I'm very optimistic about Savara ( SVRA ) because investors are continuing to evaluate the company as a single-asset biotech rather than a developing rare disease commercial infrastructure. This distinction may appear minor but will significantly influence how the market views Savara. Savara has been focused on one specific asset (MOLBREEVI), which is an inhaled form of granulocyte-macrophage colony-stimulating factor (GM-CSF) designed to treat autoimmune pulmonary alveolar proteinosis (autoimmune PAP), a rare lung disease with no approved pharmacologic therapy in the U.S. or Europe. The primary focus of the investment thesis isn't just "Will this drug work?," since the Phase 3 trial results meaningfully support that MOLBREEVI works. The more relevant question is whether Savara can take an underdiagnosed and poorly served disease category and turn it into an organized commercial market. I believe Savara is closer than ever. Runway And Launch Cash Savara's latest quarterly financials show the characteristics that I'd reasonably expect from a company transitioning from late-stage development into launch-ready status. The net loss for Q1 2026 of $37.3 million, or $0.15 per share, represents an increase over the prior-year period when the net loss totaled $26.6 million, or $0.12 per share. Thus, while the headline loss may slightly overstress the cash needs of the business, the company is making significant investments into regulatory, manufacturing, and commercial preparation. R&D expenses grew by 22.1% to $23.4 million, primarily due to chemistry, manufacturing, and controls ( CMC ), manufacturing, and personnel-related R&D expenditures. G&A expense rose 68.4% to $15.6 million, mainly driven by higher personnel costs and stock-based compensation. In rare disease medicine, the launch infrastructure must be built before receiving the label. As most recently reported, Savara had around $202.8 million of cash, cash equivalents, and short-te...

据体育大生意整理统计，共有13个运动品牌亮相美加墨，其中阿迪达斯（赞助14支）、耐克（赞助12支）和彪马（赞助11支）成为了本届世界杯赞助球队最多的前三大运动品牌。 又到四年一届的世界杯年，足球球衣再次成为了现象级的文化符号，或者说是一种时尚潮流。 从场面上来看，扩军至48队后的世界杯更热闹了。更多的球队和更多的场次，也催生了更多的商机。如果说前不久FIFA对于世界杯版权的生意是其中之一，那么球衣生意则是另外一项。 相比起2022年卡塔尔世界杯，多出的16队名额让各大运动品牌有了更多的曝光频次。在线下零售商店，世界杯球衣早已经是各大运动品牌和商场的主打主题陈列。在品牌的直营门店或者经销商门店，阿迪达斯、耐克和彪马赞助的队服被放在了“C位”。 据体育大生意整理统计，共有13个运动品牌亮相美加墨，其中阿迪达斯（赞助14支）、耐克（赞助12支）和彪马（赞助11支）成为了本届世界杯赞助球队最多的前三大运动品牌。 除此之外，中国品牌卡尔美赞助了2支球队（波黑和约旦），还有9个品牌分别赞助了1支球队，它们分别是7SABER (乌兹别克斯坦)、JAKO (伊拉克)、Majid (伊朗)、CAPELLI SPORT (佛得角)、UMBRO (民主刚果)、KAPPA (突尼斯)、MARATHON (厄瓜多尔)、REEBOK (巴拿马) 和 SAETA (海地)。 足球球衣的影响力已经超越了绿茵场。在前不久阿森纳时隔22年夺得英超冠军后，笔者在地铁通勤的路上以及社交媒体上观察到，阿森纳球衣的曝光度都有了肉眼可见的提升。可以预见的是随着世界杯开幕倒计时，各个国家的世界杯球衣也将迎来曝光的高峰。 在本届世界杯，足球球衣有了更多的新玩法——耐克、阿迪达斯和彪马等品牌不再满足于传统的绿茵美学，而是纷纷牵手潮牌将街头文化与时尚元素融入其中。 这届世界杯球衣，正以前所未有的潮流含量定义着当下的时尚风向。 13大运动品牌亮相美加墨 作为全球顶级体育IP之一，世界杯历来都是每个运动品牌的营销关键战场。 在足球领域，阿迪达斯、耐克和彪马是无可撼动的“前三玩家”。这三大品牌拿下绝大部分国家队的合作权益。 回顾上一届世界杯，阿迪达斯作为阿根廷国家队的赞助商见证了梅西率队夺得大力神杯的历史性时刻。这一里程碑不仅圆了梅西的世界杯冠军梦，也让阿迪达斯在全球范围内掀起了一阵“梅西经济”狂潮，带有三星标志的蓝白球衣一...

Faster Than Nvidia. Micron’s Market Value Breaks One Trillion, Is Dell the Next Trillion-Dollar Dark Horse? TradingKey

S&P 500 Index futures rise 0.3% as of 7:35 a.m. in New York as optimism around artificial intelligence, lower oil prices and easing bond yields drives bullishness. Nasdaq 100 futures are up 0.7% Dow Jones Industrial Average futures are up 0.2% The MSCI World Index is little changed Here are some of the biggest US movers today: Magnificent Seven stocks are mixed early Wednesday: Tesla (TSLA) +2.3%, Nvidia (NVDA) +0.7%, Apple (AAPL) +0.1%, Amazon (AMZN) -0.2%, Alphabet (GOOGL) -0.6%, Microsoft (MSFT) -0.7%, Meta Platforms (META) -0.7% Bath & Body Works (BBWI) rises 12% after it reaffirmed its adjusted earnings per share forecast for the full year and said CFO Eva Boratto will step down from her role effective June 12. Dycom Industries (DY) rises 21% after it reported contract revenue for the first quarter that beat the average analyst estimate. Energy stocks (KOS -2.1%, DINO -0.9%) received mixed rating changes at Mizuho as it sees oil prices taking until 2027 to normalize even if the Middle East conflict is resolved in June, while gas prices aren’t expected to see as much of a lasting uplift. FedEx Corp. shares (FDX) rise 1.6% after JPMorgan raised its recommendation to overweight from neutral as it sees improvements at FedEx’s legacy business ahead of a separation from freight. GXO Logistics Inc. (GXO) rises 2.2% after Barclays raised its recommendation to overweight from equal-weight on improving margins. PDD ADRs (PDD) fall 8% after it reported revenue for the first quarter that missed the average analyst estimate. Semtech shares (SMTC) are up 10% after the semiconductor device company reported first-quarter results that beat expectations and gave an outlook that is seen as positive. Shares in rocket, space and satellite communications companies (RDW +14%, LUNR +13%) are rallying, set to extend recent gains as the sector has advanced since SpaceX filed publicly for what stands to be the largest-ever initial public offering. Shares in semiconductor and chip equipme...

Barcelona have joined Bayern Munich in the race to sign Newcastle United forward Anthony Gordon. The La Liga champions hold an interest in the England international and are in talks with Newcastle over a potential deal. Although Barca have had financial restrictions in recent years, the club are understood to have the ability to spend whatever is generated from player sales. Bayern Munich have also held formal discussions with Newcastle, but BBC Sport previously reported there was a gap in valuation between the two clubs. Newcastle chief executive David Hopkinson made it clear they will only sell players on "our terms" in March. The club are in a relatively strong position to command a minimum of £70m for Gordon, whose contract does not expire until 2030. Newcastle will ultimately need to trade to rebuild this summer, particularly after a disappointing 12th-place finish in the Premier League. Gordon, who has previously played for Everton, looks the likeliest of Newcastle's key players to depart and the club's top-scorer was even left on the bench for the final four games of the campaign because head coach Eddie Howe had an eye on the future. Supporters in the away end briefly sang Gordon's name following the 2-0 defeat at Fulham on the final day in what felt like a farewell. Howe was asked afterwards if the 25-year-old had played his last game for the club. "I don't know, as I said in the build up to the game," he said. "You can never predict what's going to happen. "He obviously goes to the World Cup now so we wish him well." Barcelona also hold an interest in Atletico Madrid forward Julian Alvarez and Chelsea striker Joao Pedro. Hansi Flick's side have the option of signing Marcus Rashford, Gordon's international team-mate, on a permanent basis for £26m following his loan from Manchester United.

‘Conflict-averse’ CEO has built a culture of groupthink — and a massive corporate liability,

Key Points Interactive Brokers has been growing rapidly -- and in multiple ways. Its stock isn't cheap, but for the right investor, it might be worth considering. 10 stocks we like better than Interactive Brokers Group › If you're not familiar with Interactive Brokers (NASDAQ: IBKR), you might want to be. It has been delivering outsize gains to its investors -- thanks to its impressive results. Here's a look at the company and the many things it's doing right -- along with some thoughts on whether you should consider it for your long-term portfolio. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Meet Interactive Brokers Let's start with what is arguably the most tantalizing thing about the company -- its stock performance. Wow, right? Time Period Interactive Brokers Year to date 30.42% Past 1 year 59.95% Past 3 years (annualized) 64.84% Past 5 years (annualized) 38.37% Past 10 years (annualized) 24.64% Past 15 years (annualized) 22.31% You may not be familiar with Interactive Brokers, but it's in its 49th year as a broker/dealer, with the following mission: "Create technology to provide liquidity on better terms. Compete on price, speed, size, diversity of global products and advanced trading tools." It employs more than 3,000 people in offices around the world, executing (with its affiliates) around 4.4 million trades daily. The company boasted a million client accounts in 2020, two million in 2022, and four million in 2025. It's growing quickly! A look at Interactive Brokers' business Here are some impressive numbers for April -- supplied by the company, which reports important metrics monthly: Daily average revenue trades numbered 4.2 million, up 11% year over year Client equity of $871 billion, up 48% year over year Client margin loan balances of $91 billion, up 57% year over year Client acco...

(RTTNews) - While reporting financial results for the first quarter on Wednesday, luxury watch maker Movado Group, Inc. (MOV) again said it has elected not to provide financial guidance for the full-year 2027 at this time, given the current economic and geopolitical uncertainty, including the unpredictable impact of the current Middle East conflict. As such, the Company added that it expects net sales growth to moderate in the second quarter. The Company also announced that the Board of Directors approved a $0.05 increase in the regular quarterly dividend to $0.40 per share, payable on June 24, 2026, for each share of the Company's outstanding common stock and class A common stock held by shareholders of record as of the close of business on June 10, 2026. In Wednesday's pre-market trading, MOV is trading on the NYSE at $30.35, up $0.55 or 1.85 percent. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

上海凯鑫公告，股东上海济谦投资管理合伙企业（有限合伙）首发前员工持股平台减持计划已于2026年5月26日届满并完成，2026年3月9日至2026年5月26日通过集中竞价累计减持55.1万股，减持均价34.64-42.81元/股，占公司总股本0.86%；减持后持股95.16万股，占1.49%，较减持前的150.26万股、2.36%有所下降。

世界技能大赛是全球规模最大、影响力最广泛的技能赛事。 今年9月22日至27日，第48届世界技能大赛（下称“世赛”）将在上海开幕。届时，来自70多个国家和地区的1400多名技能青年将在64个项目中同台竞技。 5月25日，第48届世赛使节招待会在京举行，近60个国家的驻华使节和国际组织驻华机构、在华商会代表出席。在这场招待会上，上海向世界发出邀请。 第48届世界技能大赛使节招待会 郭晋晖/摄 引入AI新技术，让赛事更“可及、有趣” 世界技能大赛是全球规模最大、影响力最广泛的技能赛事，自1950年开始举办，引领着职业技能发展的方向和潮流，对促进经济发展、技术进步以及人才培养具有重要作用。 这是首次在中国举办的世赛。本届世赛设六大类64个项目，涵盖无人机系统、网络安全、云计算、工业4.0、3D数字游戏艺术等。其中，轨道车辆技术、无人机系统、智慧安防技术、软件测试、数字交互媒体设计等7个新增赛项，紧扣新质生产力和未来技能风向。 人力资源社会保障部部长王晓萍在致辞中表示，当前新一轮科技革命和产业变革深入发展，全球产业升级对人才的素质、结构、规模提出新的更高要求，技能在促进全球发展中的作用愈发重要。 值得关注的是，本届大赛将充分利用人工智能、大数据等新技术，增强赛事的可及性和趣味性，同期举行的世界技能大会和世界技能博览会，集中展示硬核技术、尖端制造等方面技能创新的成果。 王晓萍强调，技能是超越国界的语言，诚邀各方共同见证全球技能青年的高光时刻，共赴上海技能之约。 上海市市长龚正在致辞中表示，本届世赛有望创下比赛项目数量最多、参赛人员和参与成员组织数量最多、场馆空间最大的纪录。 目前，赛事新增无人机系统等7个项目，比赛项目总数达到64项；预注册各类人员近5900人，其中参赛选手超过1400人，来自74个国家和地区；比赛场馆设在国家会展中心（上海），共布局11个场馆，总面积达36万平方米。 本届世赛还将推出凝聚共识的“世界技能大会宣言”，建设引领技能发展的全球技能创新中心，构建推动技能交流互鉴的“全球校企合作网络”。 世界技能组织主席弗朗西斯·乌汉表示，面对技术变革、经济增长、可持续发展与社会包容普惠等共同时代课题，全球各方正携手在地方、国家和国际层面推动世界技能相关项目落地以凝聚共识、应对挑战。 第48届世界技能大赛的科技感和创新理念，正吸引着越来越多社会力量的关注与参与。目前，东...

Luis de Guindos, vice president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, Jan. 30, 2025. Alex Kraus/Bloomberg via Getty Images There is an "elevated" risk of a market correction, European Central Bank vice president Luis De Guindos told CNBC on Wednesday, as stock indices notch fresh record highs despite a combination of geopolitical turmoil, fiscal challenges and outsized valuations. "There is a risk of a correction because valuations in markets are quite high, quite elevated and ... the main element of concern, from our standpoint, is geopolitical risk," the senior ECB official told CNBC's Annette Weisbach. "On top of that, we have the fiscal situation in Europe, we have the situation of non-banks, mainly private credit and private equity institutions, and the interconnection of these non-banks with the banking system. So it's a combination of elements," he noted. The duration of the war in Iran could prove pivotal to the degree of risk markets face, De Guindos said, amid continued market confidence in a quick resolution. "Markets discount that the conflict will be over shortly and if that's not the situation, that could trigger a modification in the perception of markets. That, in combination with other elements ... might trigger a correction in markets," he said. watch now VIDEO 13:02 13:02 Geopolitics is main financial stability risk, ECB's De Guindos tells CNBC Squawk Box Europe 'Geoeconomic stress' The ECB's latest Financial Stability Review, also published on Wednesday, assessed that the outlook for euro area financial stability was "being shaped by geoeconomic stress and energy supply disruptions." "Prolonged geopolitical stress and lingering fiscal challenges could test financial market sentiment," the review noted, warning that this could deteriorate "as downside risks related to geopolitical, fiscal and macro-financial developments appear underestimated." "Fiscal expansion in a challenging...