Esteban Gustave

Up 127% on its IPO day: Who is Silex Microsystems?

Silex Microsystems made a powerful debut on Nasdaq Stockholm, surging 127% in early trading. Behind this relatively unknown name lies a Swedish MEMS foundry: a manufacturer of micro-components designed for its clients. In a market still driven by AI, this specialized component profile had everything to attract investors.

May 07, 2026 at 09:33 am EDT

Essity: Strategic Review of Consumer Tissue and Targets Reaffirmed

Essity has launched a strategic review of its Consumer Tissue division, which includes toilet paper, paper towels and facial tissues. The Swedish group also reinstated its financial targets during its Capital Markets Day in Gothenburg.

May 07, 2026 at 05:52 am EDT

Eli Lilly: Additional $4.5bn to support its industrial scale-up

Eli Lilly is set to invest an additional $4.5bn across two of its Lebanon, Indiana sites, bringing its total expansion commitments in the state to over $21bn since 2020. The group has highlighted its evolving pipeline and the projected demand for its treatments.

May 07, 2026 at 05:46 am EDT

MSCI Emerging Markets: A New Growth Engine Takes Over

The MSCI Emerging Markets index has returned to its peaks. The index gained 2.9% on Monday, May 4, driven by Asian technology, particularly in South Korea and Taiwan.

May 05, 2026 at 09:06 am EDT

Barry Callebaut: The profit warning that repairs the balance sheet

Falling cocoa prices are eroding Barry Callebaut's margins, although the reversal is freeing up cash and loosening the financial vice. The recovery remains fragile: while the balance sheet has room to breathe, the business model is not yet fully repaired.

May 04, 2026 at 09:53 am EDT

Market Miscellany: Apple changes its core, as AI assigns the roles

Artificial intelligence is writing two opposing stories in the same week. It is crushing Chegg, forced into a turnaround after a 99% collapse, while simultaneously propelling the S&P 500 to new records amid renewed enthusiasm for AI stocks. In the middle, Apple is changing its core, to meet the challenge it embodies: a nearly 4 trillion dollar giant, albeit lagging in the AI race, it still needs to prove that it can still innovate.

April 30, 2026 at 09:28 am EDT

Engie: Belgium enters exclusive negotiations to acquire the group's nuclear fleet

The Belgian State, Engie, and its subsidiary Electrabel, have signed a letter of intent opening exclusive negotiations for Belgium to take over all of the French group's nuclear activities in the country. The parties aim to conclude a MoU by October 1, 2026.

April 30, 2026 at 09:18 am EDT

Engie: Belgium enters exclusive negotiations to acquire the group's nuclear fleet

The Belgian State, Engie, and its subsidiary Electrabel have signed a letter of intent opening exclusive negotiations for Belgium to acquire all of the French group's nuclear activities in the country. The parties aim to conclude a memorandum of understanding by October 1, 2026.

April 30, 2026 at 02:56 am EDT

Alten: Activity Stagnates as 2026 Guidance Remains Cautious

The engineering specialist stabilized its first-quarter 2026 revenue at 1.053 billion euros, posting organic growth of 0.1%. Faced with an uncertain macroeconomic and geopolitical environment, management is adopting a cautious stance for the fiscal year while prioritizing margin improvement. The stock gained 0.34% in early trading.

April 29, 2026 at 03:40 am EDT

Aurea: Aluminum Tariffs and Provisions Weigh on 2025 Results

The circular economy specialist ended the fiscal year with a net loss of 5.9 million euros, hit by U.S. customs duties and the cessation of a subsidiary's operations. Despite this operational downturn, Aurea significantly reduced its debt levels following a strategic divestment.

April 29, 2026 at 03:34 am EDT

Where has Chinese AI gone?

On January 27, 2025, an unknown app took the top spot on the US App Store. Named DeepSeek and hailing from Hangzhou, it was free. In its wake, the Nasdaq tumbled 3%, Nvidia shed 17% in a single session, wiping out $589bn in market cap, the biggest wipeout of shareholder value ever recorded in a single day.

April 28, 2026 at 10:56 am EDT

AI, Aviation, Silver: The Great Silent Shortage

Three markets, three points of tension, and the same underlying message: supply is faltering in the face of structural demand. From AI to aviation and precious metals, here is an overview of the vulnerabilities emerging as April comes to a close.

April 23, 2026 at 05:41 am EDT

ASMI etches in gains... FDJ draws a losing hand

Danone exudes confidence, while ASMI and ABB surge on the back of semiconductors and data centers. Conversely, momentum shifts for Eurofins, hampered by weather conditions, Bureau Veritas, following the discovery of contractual irregularities, and FDJ, weighed down by tax headwinds.

April 22, 2026 at 04:25 am EDT

Mercedes-Benz: Is it time to catch the falling star?

At EUR51, Mercedes shares have fallen back to levels seen in late 2020. Five years of gains have been wiped out, while the rest of the DAX has soared by 61%. What's gone wrong?

April 22, 2026 at 03:19 am EDT

Millennium Management: $84bn Set to Conquer Europe

In a previous piece, I explained the mechanics of a hedge fund. Now, welcome to Episode 1 of this series. $84bn in assets, 330 trading teams, 13 million orders per day. Founded in 1989 by Izzy Englander with $35m, Millennium Management is the world's largest "pod shop." And it is now landing in Europe.

April 16, 2026 at 03:17 am EDT

Hedge funds: the shadow players making and breaking markets

They manage trillions of dollars and dictate the pace of trading sessions. Yet most retail investors know them only by their generic name.

April 09, 2026 at 04:57 am EDT

Wizz Air Soars as Maurel & Prom Depletes Reserves

After vowing to return Iran to the "Stone Age," Trump has finally accepted a Pakistani-brokered truce and suspended airstrikes. Brent crude felt the blow, tumbling 9% to 94 USD after clinging to levels above 110 USD for weeks. Airlines are surging (+9% to +15%) on bets of lower jet fuel costs, while oil majors endure a flash crash that has wiped out gains accumulated since the start of the conflict.

April 08, 2026 at 04:25 am EDT

Nasdaq 100: Emergency Plan to Integrate Private Giants Within 15 Days

The American stock exchange operator is amending its benchmark index rules to include "mega-caps" as soon as they go public. This reform, effective from May 1, 2026, comes in response to a one-third decline in the number of US listed companies since 2000, according to Reuters.

March 31, 2026 at 06:10 am EDT

Tokens: Chinese "low cost" defies Silicon Valley

The artificial intelligence industry is entering the era of mass commoditization. The consumption of "tokens," the unit of measurement for data processing, is exploding under the impetus of Chinese models. Driven by aggressive production costs and software optimization, groups such as MiniMax and Alibaba are now shaking Silicon Valley's hegemony in the high-volume segment.

March 27, 2026 at 11:14 am EDT

UBS freezes German real estate fund amid liquidity crunch

According to Reuters, UBS has suspended redemptions for its Germany-based Euroinvest real estate fund for up to 36 months, citing insufficient liquidity to meet withdrawal requests. The fund held 407 million euros in assets as of the end of February.

March 27, 2026 at 09:41 am EDT

Carrefour taps into ChatGPT to capture new customers

Carrefour has become the first European food retailer to launch an application on ChatGPT, allowing users to build shopping baskets from its product range directly through OpenAI's chatbot.

March 27, 2026 at 06:06 am EDT