HSBC upgraded its outlook on Spanish electricity company Iberdrola, increasing the price target to €23.10 and recommending purchase. The investment bank sees the utility as having a perfect combination of growth, visibility, and low risk, projecting potential market capitalization exceeding €150 billion compared to current €142 billion.
Pictet recommends investors move away from cash positions in the second half of 2026, favoring technology stocks due to semiconductor demand, banking sector equities, and emerging market debt in local currencies. The firm cites improving fundamentals in emerging economies and decreasing global dependence on the US dollar.
Expeditions, a defense-tech venture capital firm backed by BAE Systems and the NATO Innovation Fund, has raised a €197 million fund to support the development of sovereign military technologies across Europe.
Invesco expressed optimism regarding the Spanish stock market and Spanish banks, citing solid financial fundamentals and favorable macroeconomic conditions including electrification trends. The asset manager recommends diversification into emerging markets, gold, real estate, and private credit, with expectations that the US dollar will weaken.
Quantum Systems, a German drone manufacturer, has secured $1.2 billion in funding, doubling its valuation to approximately $8 billion. The company is capitalizing on increased military spending across Europe.
Ludovic Subran, chief investment officer and chief economist at Allianz, stated that there is insufficient evidence to classify the AI trade as being in bubble territory. He highlighted that emerging-market stocks appear more attractive due to semiconductor demand, while cautioning that Europe may fail to capitalize on the AI dividend.
Ferrovial has been selected as the only Spanish company in Morningstar’s investment recommendations for Q3, according to their latest strategic report.
Lombard Odier’s EMEA CIO Nannette Hechler-Fayd’Herbe discusses the outlook for technology stocks, market volatility, and identifies investment opportunities beyond artificial intelligence and semiconductors.
British asset manager Hayfin completed one of Europe’s largest fundraisings, raising over 15 billion euros for credit funds despite recent turbulence in US markets. The firm emphasized conservative fund structures in its approach.
Novo Nordisk A/S’s largest shareholder is backing a new Italian startup accelerator as part of an initiative to support early-stage life science companies across Europe beyond Denmark’s borders.