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Italian Prime Minister Meloni said Italy will respect NATO spending commitments but will determine the timing, procedures and priorities.
2026-07-08
Italian Prime Minister Meloni said Italy will respect NATO spending commitments but will determine the timing, procedures and priorities.
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2026-07-08
European equity indices closed lower on Wednesday July 8: Germany's DAX 30 fell 585.80 points (-2.30%) to 24,903.46; the UK's FTSE 100 lost 186.79 pts (-1.75%) to 10,479.09; France's CAC 40 dropped 183.58 pts (-2.18%) to 8,252.66; the Euro STOXX 50 d
European equity indices closed lower on Wednesday July 8: Germany's DAX 30 fell 585.80 points (-2.30%) to 24,903.46; the UK's FTSE 100 lost 186.79 pts (-1.75%) to 10,479.09; France's CAC 40 dropped 183.58 pts (-2.18%) to 8,252.66; the Euro STOXX 50 declined 116.00 pts (-1.84%) to 6,203.86; Spain's IBEX 35 fell 541.57 pts (-2.76%) to 19,098.63; Italy's FTSE MIB slid 642.94 pts (-1.23%) to 51,812.50.
2026-07-08
Morningstar analyst Chelsey Tam stated that the construction of data centers in China catering to AI workloads for government and state-owned enterprises may reduce demand for Alibaba's public sector computing systems. She lowered her annualized clou
Morningstar analyst Chelsey Tam stated that the construction of data centers in China catering to AI workloads for government and state-owned enterprises may reduce demand for Alibaba's public sector computing systems. She lowered her annualized cloud revenue forecast for Alibaba by 10% starting in fiscal year 2030 (when the construction is expected to be completed). Given Alibaba's limited operations in the US, the impact of potential US legislation against the company should be limited. Morningstar lowered its fair value estimate for Alibaba's ADR by 7% to $241, but stated that the valuation remains low, adding that concerns about lost delivery business and rising computing costs are exaggerated.
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