amgun London ( UKX ) +0.17% to 10,248. Germany ( DAX:IND ) -0.12% to 24,310. France ( CAC:IND ) -0.59% to 8,064. France’s official reserve assets fell to €386.90 billion at the end of April. In other parts of Europe, t he annual inflation rate in Moldova rose to 6.8% in April. The annual inflation rate in Denmark rose to 1.4% in April. Denmark’s seasonally adjusted trade surplus widened to DKK 33....
amgun London ( UKX ) +0.17% to 10,248. Germany ( DAX:IND ) -0.12% to 24,310. France ( CAC:IND ) -0.59% to 8,064. France’s official reserve assets fell to €386.90 billion at the end of April. In other parts of Europe, t he annual inflation rate in Moldova rose to 6.8% in April. The annual inflation rate in Denmark rose to 1.4% in April. Denmark’s seasonally adjusted trade surplus widened to DKK 33.8B in March. Producer prices in Norway climbed by 22.7% Y/Y in April. Norway’s annual inflation rate eased to 3.4% in April. Retail sales in the Czech Republic rose by 4.9% Y/Y in March. The pan-European Stoxx 600 ( STOXX) traded 0.04% lower to 612, starting the week on a cautious note as tensions in the Middle East persisted. U.S. and Iran continued to struggle toward a diplomatic resolution to the 10-week conflict. European natural gas futures climbed toward €45 per MWh on Monday, extending gains from the previous session. The UK and France will reportedly host defense ministers from over 40 countries on Monday to discuss their military contributions for a naval mission to guide ships through the Strait of Hormuz In the bond market, the yield on the US 10-year Treasury was up 2 basis points to 4.39%. UK's 10-year yield was up 5 basis points to 4.97%, heightened inflation concerns, and reinforced expectations of further Bank of England rate hikes. Germany's 10-year yield was up 2 basis points to 3.02%. Currencies: ( EUR:USD ) ( GBP:USD ) ( CHF:USD ) ETFs: (NYSEARCA: EWG ), (NYSE: GF ), (NYSEARCA: EWI ), (NYSEARCA: EWQ ), (NASDAQ: FGM ), (NASDAQ: DAX ), (NYSEARCA: FLGR ), (NYSEARCA: FXB ), (NYSEARCA: EWU ), (NASDAQ: FKU ), (BATS: EWUS ), (NYSEARCA: FLGB ), (NYSEARCA: GREK ) More on Europe GBP/USD Potential Bullish Reversal Above 20-Day Moving Average GBP/USD Potential Trade Setups: Two Opportunities On The Bullish Retest And Breakout Play EUR/USD, GBP/USD Overview - FX Picks Up Again, U.S. Dollar Tumbles After The ECB And BOE Europe markets drop as investors weigh Trump’s l...
Apple’s strong earnings, bullish technical setup, and renewed investor optimism are creating a powerful setup that increasingly points toward a move above $300.
Apple’s strong earnings, bullish technical setup, and renewed investor optimism are creating a powerful setup that increasingly points toward a move above $300.
Elevra Lithium Limited ( ELVR ) has signed an agreement to sell its interest in the Ewoyaa Lithium Project in Ghana to Zhejiang Huayou Cobalt Co., Ltd. for about $71 million, expected to close in the first quarter of fiscal year 2027. The deal includes the purchase of all Elevra's rights and interests in the Ewoyaa Project, including off-take rights. Huayou has also entered into an agreement with ...
Elevra Lithium Limited ( ELVR ) has signed an agreement to sell its interest in the Ewoyaa Lithium Project in Ghana to Zhejiang Huayou Cobalt Co., Ltd. for about $71 million, expected to close in the first quarter of fiscal year 2027. The deal includes the purchase of all Elevra's rights and interests in the Ewoyaa Project, including off-take rights. Huayou has also entered into an agreement with Atlantic Lithium Limited to acquire its 100% interest in the Ewoyaa Project for $210 million, payable at closing. Elevra owns around 4.1% of Atlantic's shares, and Huayou’s purchase is not dependent on their acquisition of Atlantic. This sale will help Elevra concentrate on its North American assets and simplify its operations by eliminating the complexities tied to the Ewoyaa joint venture and off-take deals. Furthermore, it removes Elevra's financial obligations for developing the Ewoyaa Project. The financial proceeds from this transaction will enhance Elevra's flexibility and assist in advancing other growth initiatives to increase shareholder value. The completion of this transaction is subject to regulatory approvals in Ghana and is anticipated to finish by the end of Q1 FY27. More on Elevra Lithium Limited Historical earnings data for Elevra Lithium Limited Financial information for Elevra Lithium Limited
Richard Drury/DigitalVision via Getty Images Golub Capital BDC ( GBDC ), like other private credit firms being under pressure from rising non-accruals and compressing debt yields, reduced its dividend by 15% in Q1'26. As is typical after a dividend reset, the investment firm saw a positive impact on its dividend coverage profile in the last quarter, allowing Golub Capital to support its dividend f...
Richard Drury/DigitalVision via Getty Images Golub Capital BDC ( GBDC ), like other private credit firms being under pressure from rising non-accruals and compressing debt yields, reduced its dividend by 15% in Q1'26. As is typical after a dividend reset, the investment firm saw a positive impact on its dividend coverage profile in the last quarter, allowing Golub Capital to support its dividend fully with net investment income. However, Golub Capital is not growing its portfolio right now, mainly due to a higher pace of loan repayments and pressure from lower base rates. These challenges are most likely going to persist throughout 2026 and could potentially necessitate a second dividend cut. Since Golub Capital saw double-digit Y/Y declines in its net investment income and its non-accruals doubled compared to the year-earlier period, based off of fair value, my rating for the BDC stands at 'Hold.' Data by YCharts Previous rating I rated shares of Golub Capital a 'Hold' in my last coverage -- Too Risky To Touch --mainly because the large discount to NAV provided a safety buffer for investors that were concerned about the BDC's dividend stability following its dividend reset in Q1'26. Golub Capital's balance sheet quality unfortunately worsened in the March quarter -- the BDC's Q2'26 -- and the portfolio kept shrinking. I am going to maintain my 'Hold' rating for GBDC unless the BDC starts to under-earn its dividend with net investment income again. Declining portfolio value is set to pose a challenge to dividend coverage Golub Capital is focused on the origination of first liens in its portfolio which represented approximately 92% of all investments in the second fiscal quarter. The private credit firm had a total investment value of $8.3B as of the end of the second quarter, showing a 3.5% year-over-year decline rate. As mentioned above, pressure on Golub Capital's portfolio value comes from higher repayments -- loans worth $336.6M were exited or sold in Q2'26 -- a...