Eaton Shares Rise After UBS Upgrade to Buy
Eaton shares rose 3.1% in premarket trading after UBS upgraded the power management company to Buy from Neutral, raising its price target to $515 from $450.
Zim Integrated Shipping Shares Rise as Hapag-Lloyd Revises Takeover Proposal
Zim Integrated Shipping shares rose as much as 5.5% in premarket trading after Hapag-Lloyd announced plans to revise its proposed $4.2 billion acquisition following discussions with Israeli officials.
Anthropic IPO odds still favour October despite roadshow slippage, Polymarket data shows
Polymarket traders price October as the most likely month for Anthropic’s initial public offering, with a 63% implied probability, despite roadshow delays linked to ongoing credit negotiations.
Morning Bid: Yen at work
Japan’s yen surged to its strongest level since February, with markets anticipating a likely Bank of Japan interest rate increase and weighing tensions between robust economic growth and potential rate hikes.
Salesforce stock jumps 18% on AI growth and Anthropic investment gain
Salesforce stock surged 18% after posting stronger-than-expected quarterly results and reporting a $2.6 billion investment gain from its stake in AI startup Anthropic.
Okta pops 20% after topping estimates as AI threat spikes demand for identity security
Okta shares surged 20% after the identity software company exceeded quarterly estimates, driven by growing demand for AI security tools as enterprises manage expanding agent networks.