Stocks

• Italian Financial Stocks Soar as Paschi Bids Revive Deals
  Italian banks and insurers sprang into life this week as a potential bidding battle for Banca Monte dei Paschi di Siena SpA triggered broad gains across the country’s financial stocks.
• European Stocks Flirt With Record High on Hopes for US-Iran Deal
  European stocks ended the week near a record high, as oil fell on speculation a deal between the US and Iran to reopen the Strait of Hormuz is near.
• Banks Curb Hedge Fund Bets on SK Hynix, Samsung After Rally
  Global banks are curbing hedge funds’ leveraged bets on Asia’s top chipmakers including SK Hynix Inc. and Samsung Electronics Co. after a blistering rally this year raised concerns of a potential pullback, according to people familiar with the matter.
• Copper Prices Surge With Mining Stocks as Trump Flags Iran Deal
  Copper rallied and mining equities surged after President Donald Trump claimed the US was on the cusp of ending the war with Iran that has clouded prospects for the global economy.
• Korean Stocks Jump as Iran Deal Hopes Spark Chip Stock Rally
  South Korean stocks jumped as investors piled back into the country’s chipmakers after President Donald Trump signaled a potential deal with Iran, boosting risk sentiment.
• Japan’s Stocks Rise as Trump’s Iran Deal Comments Lift Sentiment
  Japanese equities rallied after US President Donald Trump signaled the US is close to signing a deal with Iran, fueling expectations that the Middle East conflict is nearing an end.
• Bank Stocks Hit Record Highs on US-Iran Deal Hopes, IPO Optimism
  Shares of US lenders reached their highest levels ever on Thursday, as investors turned optimistic about a potential deal to stop the fighting in Iran and SpaceX’s record IPO.
• SpaceX Valuation Is Cheap for Space Peers But Pricey as AI Stock
  The jury is still out on whether SpaceX is primarily a rocket company, as its name suggests, or actually more of a telecom provider or artificial intelligence play. Its expected valuation doesn’t help resolve the confusion.
• US Stocks Soar as Trump Signals US-Iran Peace Deal Approaching
  US stocks soared to their best day since April, halting a two-day slide, as President Donald Trump said he’s called off planned military strikes on Iran, hours after threatening to escalate the three-month war.
• Retail Traders Dump Big Tech to Raise ‘Dry Powder’ to Buy SpaceX
  Retail traders’ infatuation with high-flying computer memory and storage companies is fading now that the next big thing — SpaceX’s initial public offering — is on the way.
• Software Stock Reversal Has Traders Bracing for More Pain Ahead
  A recent rally in software stocks is proving to be short-lived, and investors are bracing for more selling as fears linger about artificial intelligence disruption.