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Australia's S&P/ASX 200 index closed down 29.50 points, or 0.34%, at 8755.60 on Thursday, July 9.

2026-07-09

Australia's S&P/ASX 200 index closed down 29.50 points, or 0.34%, at 8755.60 on Thursday, July 9.

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2026-07-08

Sources said the Chevron-owned tanker Yasa Arctic, used to carry shipments for the Caspian Pipeline Consortium, was struck in a drone attack off the Russian Black Sea coast.

Sources said the Chevron-owned tanker Yasa Arctic, used to carry shipments for the Caspian Pipeline Consortium, was struck in a drone attack off the Russian Black Sea coast.
2026-07-09

CITIGROUP analysts say Mercedes‑Benz shares showed little reaction to a c.8% drop in global auto sales in Q2, highlighting very low market expectations. The bank says investors are likely to wait for clear evidence of stronger EBIT margins or a resum

CITIGROUP analysts say Mercedes‑Benz shares showed little reaction to a c.8% drop in global auto sales in Q2, highlighting very low market expectations. The bank says investors are likely to wait for clear evidence of stronger EBIT margins or a resumption of buybacks before re‑entering. Mercedes sold 2,000 fewer cars in Q2 versus Q1, which points to a renewed margin squeeze after the 4.1% reported in Q1. Van volumes rose 1% to 94,000 units; that division should deliver another solid quarter with margins near 10%. CITIGROUP rates the stock neutral with a PT of €51.
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