Top South Korean e-commerce firm Coupang apologises over massive data breach

Investors are closely monitoring developments in artificial intelligence (AI) and economic updates as US stocks show signs of stabilization following recent market fluctuations. This cautious approach reflects the ongoing uncertainties in the economic landscape.

Saudi Arabia's stock market closed lower, with the Tadawul All Share index declining by 0.47%. This downturn reflects a negative sentiment among investors, highlighting ongoing economic challenges in the region.

UK Chancellor Rachel Reeves has asserted that she did not mislead the public regarding the budget, amidst criticism from the Conservatives who claim her outlook was overly pessimistic. This statement comes in the wake of her recent budget announcement, which included significant tax increases aimed at stabilizing the economy.

Uxin's shares have plummeted by 45%, aligning with predictions made by InvestingPro's Fair Value model, indicating a significant downturn in investor confidence. This sharp decline reflects broader market concerns regarding the company's valuation and future performance.

Deutsche Bank has indicated that 2026 is expected to be a dynamic year for markets, driven by various economic factors and anticipated shifts in investor sentiment. This forecast aligns with broader market trends suggesting significant changes ahead.

U.S. companies are currently evaluating their cash reserves and investment strategies amid a stabilizing stock market, as investors remain cautious following recent fluctuations. This analysis highlights the ongoing financial maneuvers of corporations in response to economic conditions.

Goldman Sachs has attempted to clarify the reasons behind the United States' notable outperformance in productivity, suggesting that various economic factors contribute to this trend. The firm emphasizes the importance of understanding these dynamics in the context of market performance and investment strategies.

Bank of America (BofA) has upgraded its forecasts for Chinese growth, reflecting a positive outlook for the country's economic performance. This adjustment comes as BofA analyzes various economic indicators and trends that suggest a recovery in China's growth trajectory.