Thyssenkrupp to Spin Off Defence Stake; Circle Internet Group IPO Priced at $31
Key Takeaways
- Thyssenkrupp to spin off 49% of its defence division TKMS to shareholders.
- Circle Internet Group's IPO was priced at $31.
- Scotiabank raised CrowdStrike's stock price target; RBC raised Snowflake's due to AI.
- Starbucks shuffles top brass, names new operating chief.
- Denmark stocks closed higher; OMX Copenhagen 20 up 1.93%.
Top Stories
Thyssenkrupp to spin off 49% of defence division
On 2025-06-04, it was reported that Thyssenkrupp will spin off 49% of its defence division TKMS to shareholders.
Circle Internet Group's IPO priced at $31
Investing.com reported on 2025-06-04 that Circle Internet Group's IPO was priced at $31.
Analysts raise price targets: CrowdStrike (Scotiabank), Snowflake (RBC)
On 2025-06-04, Scotiabank raised its stock price target for CrowdStrike following the release of CrowdStrike's revenue report. Also on 2025-06-04, RBC Capital raised the stock price target for Snowflake due to its AI positioning.
Starbucks shuffles top brass, names new COO
Starbucks has shuffled its top brass and named a new operating chief, according to a report published on 2025-06-04.
Denmark stocks closed higher; OMX Copenhagen 20 up 1.93%
On 2025-06-04, Investing.com reported that Denmark stocks closed higher, with the OMX Copenhagen 20 index increasing by 1.93%.
Market Snapshot
European shares edged higher ahead of ECB policy decision
On 2025-06-05, reports indicated that European shares experienced a slight increase as investors awaited the European Central Bank's (ECB) upcoming policy decision.
Australia stocks closed lower on 2025-06-05: S&P/ASX 200 down 0.03%
On 2025-06-05, Australian stocks closed lower, with the S&P/ASX 200 index decreasing by 0.03% at the end of the trading day.
India stocks closed higher; Nifty 50 up 0.32%
On 2025-06-04, reports indicated that India stocks closed higher, with the Nifty 50 index increasing by 0.32%.
Rate Hikes/Cuts
Swedish inflation fell short of forecasts; rate cut expected
On 2025-06-05, Investing.com reported that Swedish inflation figures were lower than expected, leading to anticipation of a potential interest rate cut by the central bank.
Company News
Wells Fargo CEO transitions to 'builder' role
Wells Fargo CEO is transitioning from a 'fixer' role to a 'builder' role as regulators lift punishments, according to a report published on 2025-06-04.
Fitch lowered Mobico’s rating; CMA flags Spreadex/Sporting Index deal
On 2025-06-04, Fitch lowered Mobico’s rating, citing higher business risk. On 2025-06-05, the UK’s CMA identified potential competition issues in the Spreadex/Sporting Index deal.
Carvana presents ambitious growth targets at conference
Unity Software stock dips on CTO resignation
Unity Software stock is dipping because its CTO resigned after six months, according to a report published on 2025-06-04.
Economic Pulse
Key US economic data due Thursday: jobless claims, labor costs
On 2025-06-04, Investing.com published an article stating that initial jobless claims and labor costs are among the key economic data due on Thursday.
US requires licenses to export ethane to China
On 2025-06-04, Energy Transfer reported that the US government is requiring licenses to export ethane to China.
Forex Frontlines
Emerging market currencies set to hold on to gains
On 2025-06-04, Investing.com reported that most emerging market currencies are set to hold on to gains.
M&A Watch
Mexico expected to renew Nippon Steel-US Steel approval
On 2025-06-04, sources indicated that Mexico is expected to renew its approval for the Nippon Steel-US Steel tie-up on Thursday.