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Ashmore Group (LSE:ASHM) recorded a 2% increase in assets under management for the quarter ended September 30, 2025, supported by solid investment performance and positive net flows. The company reported inflows in local currency, equity, and alternative strategies, partially offset by net outflows in external debt.

Ashmore’s active investment approach and strong track record in emerging markets have strengthened client engagement, with the firm placing greater emphasis on expanding its equities and alternatives business. This strategic focus aims to capture a larger share of investor allocations in high-growth market segments.

The company’s outlook is supported by strong profitability, a solid balance sheet, and favorable technical indicators, along with appealing valuation metrics. However, slower revenue growth, mixed earnings results, and cash flow constraints remain near-term challenges.

Despite these headwinds, Ashmore’s positioning in emerging markets and its expertise in local investment strategies provide a constructive medium-term outlook, balancing short-term caution with longer-term opportunity.

About Ashmore Group PLC

Ashmore Group PLC is a specialist asset manager with a core focus on emerging markets. The firm provides investment management services across multiple asset classes, including external debt, local currency, corporate debt, blended debt, fixed income, equities, and alternatives.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Some portions of this content may have been generated or assisted by artificial intelligence (AI) tools and been reviewed for accuracy and quality by our editorial team.

Bytes Technology Group (LSE:BYIT) has reported solid interim results for the first half of fiscal year 2026, underscoring the company’s ability to navigate a changing business environment. Gross invoiced income grew by 9.1%, while gross profit rose by 0.4%, even as operating profit declined 7% year-on-year.

The group’s performance reflects its successful transition to a new corporate sales structure and its adaptation to updated partner incentives from Microsoft. Despite these changes, Bytes has maintained strong customer retention and expanded its client portfolio, demonstrating the resilience of its business model.

A healthy balance sheet and strategic emphasis on high-growth areas—particularly cloud computing, cybersecurity, and artificial intelligence—provide a solid foundation for the company to meet its full-year market expectations.

From a market perspective, Bytes’ financial strength remains its key advantage. Revenue growth, stable profitability, and effective cash flow management support a reasonable valuation, complemented by an attractive dividend yield. Technical signals currently point to a neutral trend, and the absence of recent corporate events or earnings call data is not expected to affect the company’s outlook.

About Bytes Technology Group plc

Bytes Technology Group plc is one of the UK’s leading IT software solutions providers, specializing in cloud, security, and AI technologies. The company focuses on technology sourcing and management for both corporate and public sector clients. With listings on the London and Johannesburg stock exchanges, it has built a strong track record of financial performance and market presence.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Some portions of this content may have been generated or assisted by artificial intelligence (AI) tools and been reviewed for accuracy and quality by our editorial team.

Serabi Gold (LSE:SRB) has delivered its highest-ever quarterly gold production, reporting 12,090 ounces for the third quarter of 2025 — a 27% year-on-year jump. This performance positions the company firmly on course to achieve its full-year guidance, supported by rising gold grades and operational gains across its flagship assets, the Palito Complex and Coringa.

A key driver behind the improved results has been the successful integration of an ore sorting system at Coringa. This technology has boosted efficiency by enabling the processing of lower-grade stockpiles, helping to maximize throughput and recovery rates. In parallel, brownfield exploration efforts have uncovered new ore zones, laying the groundwork for further expansion.

Financially, Serabi has strengthened its balance sheet, aided by elevated gold prices and enhanced operational results. A growing cash position underscores the company’s improving fundamentals.

Looking ahead, Serabi’s outlook is underpinned by strong financial momentum and favorable corporate developments, signaling sustained growth potential. Technical indicators point to steady performance, while a low price-to-earnings ratio highlights the stock’s appeal as a potentially undervalued investment opportunity.

About Serabi Gold

Serabi Gold plc is a gold mining and development company with operations centered in Brazil. Its primary assets include the Palito Complex and Coringa, both located in the Tapajós region of Pará State. The company focuses on efficient gold extraction and strategic resource development to support long-term growth.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Some portions of this content may have been generated or assisted by artificial intelligence (AI) tools and been reviewed for accuracy and quality by our editorial team.

Last week’s major geopolitical highlight wasn’t the ceasefire deal between Israel and Hamas, but rather the escalating trade war between the U.S. and China. Although it did not cause the S&P 500 and Nasdaq indices to collapse, cryptocurrencies, including Bitcoin and Ethereum prices, did suffer a sharp decline.

To recap: on Thursday, China announced new licensing requirements for exporting rare-earth technologies, materials critical not only for car manufacturing, but also for computer chips and even military hardware, including tanks. The new rules apply to both domestic and foreign companies using Chinese technologies.

The following day, Beijing doubled down by imposing high port fees on U.S. vessels entering Chinese ports. It also launched an antitrust investigation into Qualcomm, targeting its acquisition of connected car chipmaker Autotalks. In response, President Trump announced an additional 100% tariff on all Chinese imports.

As for China’s sudden escalation, it might have been a move to gain leverage ahead of the country’s leader meeting with U.S. President Donald Trump in South Korea later this month, where trade tensions are expected to take center stage. But it now seems Beijing may have pushed things a bit too far.

Will we see another “TACO Trade”?

There is certainly hope, especially after both sides softened their rhetoric over the weekend, moving from confrontation to dialogue. The markets seemed to pick up on that optimism, with US futures opening higher on Monday and cryptocurrencies beginning to recover some of their recent losses.

But it’s worth noting that China doesn’t seem too concerned about the worst-case scenario, probably because it has become less dependent on the US market. To put this into context, September data shows that China’s exports rose 8.3% year-on-year, even though shipments to the US fell 27%.

Therefore, it is too early to talk about a truce. Investors must be mentally prepared and in their portfolios for another rise in volatility.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Some portions of this content may have been generated or assisted by artificial intelligence (AI) tools and been reviewed for accuracy and quality by our editorial team.

ImmuPharma PLC (LSE:IMM) has appointed veteran investment professional Ketan Patel as an independent Non-Executive Director, effective immediately. The move comes as the specialist drug discovery and development company looks to advance strategic partnerships and broaden its institutional investor base.

Patel brings more than two decades of financial market experience, with a strong focus on the UK healthcare and life sciences sectors. He began his career at J.P. Morgan before joining Insight Investment as a global pharmaceutical and healthcare analyst. He later spent over 20 years at EdenTree Investment Management, where he led UK and global equity income strategies and consistently delivered top-quartile performance.

Known for combining in-depth fundamental analysis with risk-focused investment strategies, Patel is also a recognized thought leader on sustainability and thematic investing. He holds a CFA charter and advanced degrees from London School of Economics, King’s College London, and Queen Mary University of London.

Tim McCarthy, Chief Executive Officer of ImmuPharma, said: “We are extremely pleased to welcome Ketan to our Board. His extensive expertise in the global pharmaceutical and life science sectors and strong investment acumen will be invaluable to ImmuPharma. Importantly, Ketan’s appointment, at this time, brings a unique perspective to the Board, as we concentrate on future strategic partnerships and commercial deals across our product portfolio and in particular, our lead auto-immune platform technology, P140. In addition, Ketan’s investment management experience will greatly assist us in expanding our institutional shareholder base.”

Patel added: “After nearly three decades of investing in mid and small cap UK companies with a focus on healthcare and life science, I am delighted to be joining the ImmuPharma team at this pivotal stage of their journey and look forward to contributing to the future success of the business.”

The appointment underscores ImmuPharma’s strategic push to enhance its leadership bench as it advances its pipeline and explores new commercial opportunities in the autoimmune and rare disease space.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Some portions of this content may have been generated or assisted by artificial intelligence (AI) tools and been reviewed for accuracy and quality by our editorial team.

U.S. stock futures pointed to a strong rebound Monday morning, signaling a potential recovery after Friday’s steep market losses.

Investors appear ready to step back into the market and scoop up shares at lower prices after last week’s heavy sell-off. Friday’s session saw major indexes tumble to one-month lows as escalating U.S.-China trade tensions spooked investors. President Donald Trump threatened a “massive increase” in tariffs on Chinese imports in response to Beijing’s expanded restrictions on rare earth exports.

Over the weekend, however, Trump struck a more conciliatory tone, helping to ease some of the fears that rattled markets.

“Don’t worry about China, it will all be fine!” Trump said on Truth Social. “Highly respected President Xi just had a bad moment. He doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!”

Even with futures pointing higher, trading volumes could be lighter than usual due to the Columbus Day holiday, with some investors likely staying away from their desks.

A quiet economic calendar may also contribute to muted activity. The ongoing government shutdown has delayed several key releases. Bureau of Labor Statistics confirmed that its consumer price index report, originally scheduled for Wednesday, will now be released on Friday, October 24. The agency emphasized that the data remains essential for the Social Security Administration to meet its legal deadlines for benefit payments.

With macroeconomic data on hold, earnings season is likely to dominate sentiment. Major financial institutions — Citigroup (NYSE:C), JPMorgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC), Bank of America (NYSE:BAC), and Morgan Stanley (NYSE:MS) — are all set to report their quarterly earnings later this week.

Friday’s slump saw the Nasdaq Composite plunge 820.20 points, or 3.7%, to 22,204.43. The S&P 500 slid 182.60 points, or 2.7%, to 6,552.51, while the Dow Jones Industrial Average lost 878.82 points, or 1.9%, to close at 45,479.60.

All three major indexes posted steep weekly losses: the Dow shed 2.7%, the S&P 500 fell 2.4%, and the Nasdaq dropped 2.5%.

Trump’s earlier remarks accusing China of “becoming very hostile” and threatening a “massive increase” in tariffs intensified fears of further escalation. He also announced that he would skip his planned meeting with President Xi Jinping at the Asia-Pacific Economic Cooperation forum in South Korea, stating “now there seems to be no reason to do so.”

Many traders saw the early downturn as a chance to take profits after a strong rally, amid growing concerns over valuations.

A preliminary reading from University of Michigan showed consumer sentiment dipped only slightly to 55.0 in October from 55.1 the previous month. Inflation expectations for the year ahead fell to 4.6% from 4.7%, while long-term expectations held steady at 3.7%.

Trump’s trade threats hit semiconductor and hardware stocks hardest, with the Philadelphia Semiconductor Index tumbling 6.3% and the NYSE Arca Computer Hardware Index dropping 5.8%.

Oil services also sank alongside crude prices, sending the Philadelphia Oil Service Index down 5.4% to its lowest level in nearly two months. Losses spread across other sectors, including steel, networking, banking, and transportation, as broad selling swept through Wall Street.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Some portions of this content may have been generated or assisted by artificial intelligence (AI) tools and been reviewed for accuracy and quality by our editorial team.

European equities traded mostly in positive territory on Monday after U.S. President Donald Trump struck a less confrontational tone on trade relations with Beijing, saying that everything would be “fine” and that Washington was not aiming to “hurt” China.

Investor sentiment also centered on France, where Prime Minister Sébastien Lecornu, reappointed last Friday, unveiled his new cabinet amid growing concerns over budgetary pressures that have unsettled both businesses and investors.

Economic news was limited, though data from Destatis indicated that wholesale inflation in Germany continued to accelerate in September. Wholesale prices rose 1.2% year-on-year, up from a 0.7% increase in August and 0.5% in July.

Major European indexes were mixed but leaned upward: Germany’s DAX and France’s CAC 40 both climbed 0.2%, while the U.K.’s FTSE 100 dipped 0.1%, bucking the broader trend.

In corporate news, shares of PSI Software (TG:PSAN) surged after private equity firm Warburg Pincus announced plans for a voluntary public takeover valued at more than €700 million.

French fintech Sidetrade (EU:ALBFR) also rallied after signing binding agreements to acquire 100% of EzyCollect.

Exosens (EU:EXENS) rose sharply following news that Theon International Plc (EU:THEON) intends to purchase a 9.8% stake in the company for €268.7 million.

Swedish construction firm Skanska (USOTC:SKBSY) gained after securing a $175 million (approximately SEK 1.7 billion) contract with Ridgeline Development Partners to build a residential and hotel complex in downtown Nashville, Tennessee.

Dutch neurotechnology company Onward Medical (EU:ONWD) advanced after delivering its Q3 2025 business update, while British retailer Pets at Home (LSE:PETS) moved higher after launching the second phase of its £25 million share buyback program.

In contrast, shares of AstraZeneca (LSE:AZN) declined after the pharmaceutical group became the second company to strike a deal with the Trump administration to lower drug prices in exchange for tariff relief.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Some portions of this content may have been generated or assisted by artificial intelligence (AI) tools and been reviewed for accuracy and quality by our editorial team.

The recent surge in gold prices may be approaching its peak momentum, according to analysts at Deutsche Bank, who note that the September–October rally has already lasted 29 trading sessions — well above the historical median of 18 to 19 days.

Analyst Michael Hsueh explained that this rally has combined a strong directional trend with unusually low volatility, conditions that likely favored trend-following strategies earlier in the move. But a recent uptick in realized volatility suggests that this supportive backdrop may be fading.

Hsueh clarified that he does not see this as a sign of an imminent downturn. He cited the June–August period as a precedent, when gold consolidated without undergoing a meaningful correction. He also highlighted that fair value models have increased by $260–290 per ounce since early August, creating a buffer even as spot prices have surged by nearly $700.

Another notable factor this time around is the strength of white metals. Silver has climbed to $51 an ounce, supported by “record lease rates on Friday at 20% for 3-month silver,” while palladium has also rallied strongly after lagging for much of 2025. Hsueh argued that this broader co-movement aligns more closely with long-term historical patterns, suggesting that the earlier gold-only rally may have been the outlier.

While futures positioning data is currently unavailable due to the U.S. government shutdown, ETF flows point to slowing inflows rather than net outflows.

Hsueh also mentioned a leaseback transaction by Umicore involving tied-up gold inventory but cautioned against reading too much into it. “In describing the decision, Umicore noted that historically stable lease rates mean that their annual lease costs ‘will be more than offset by reduced financing costs’,” he said.

Hsueh added that the gold-to-WTI ratio trade remains attractive, with a target range of 72–73. This could be reached either through gold rising toward $4,450 per ounce or crude oil easing toward the bank’s $55 per barrel forecast for 2026.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Some portions of this content may have been generated or assisted by artificial intelligence (AI) tools and been reviewed for accuracy and quality by our editorial team.

Silver prices soared to unprecedented levels on Monday, jumping 5% in early trading as a powerful rally in gold and tightening liquidity conditions amplified bullish sentiment across precious metals markets.

Futures for silver in New York surged to $49.63 an ounce, while spot gold advanced 2.7% to $51.66, reflecting strong investor demand for safe-haven assets.

Analysts at Goldman Sachs said silver is poised to benefit from ongoing capital inflows into precious metals as the Federal Reserve cuts interest rates. “However, in the near term, we see greater volatility and downside risk than for gold, reflecting silver’s smaller and less liquid market,” they added.

Lease rates for physical silver — the cost investors pay to borrow the metal — spiked more than 35%, according to market observers. Demand for immediate delivery has pushed premiums to record highs, underlining the tight availability of silver bars in London vaults as speculative interest surges.

Elsewhere in the precious metals complex, platinum futures climbed 3.3% to $1,676.90 an ounce, extending the rally.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Some portions of this content may have been generated or assisted by artificial intelligence (AI) tools and been reviewed for accuracy and quality by our editorial team.

The Financial Stability Board (FSB) has cautioned that the sharp rise in global equity and asset prices has increased the risk of a sudden downturn, as fragile economic conditions and heightened geopolitical uncertainty leave markets vulnerable to a crash.

In a letter to G20 finance ministers dated October 8, FSB Chair Andrew Bailey stressed that multilateral cooperation is essential not only to prevent future crises but also to underpin sustainable growth.

“While most jurisdictions have seen a rebound in financial markets in recent months, valuations could now be at odds with the uncertain economic and geopolitical outlook, leaving markets susceptible to a disorderly adjustment,” the letter said.

The warning comes shortly after U.S. President Donald Trump threatened “massive” new tariffs on China in response to Beijing’s tightening of rare earth export rules—an announcement that triggered the steepest drop on Wall Street in nearly six months.

Bailey also flagged the continued rise in sovereign debt levels as a key concern, emphasizing that structural vulnerabilities within the global financial system remain significant.

“The need for global standards and cooperation therefore remains abundantly clear,” the letter said.

Bailey noted that the FSB, which brings together central banks and regulators from G20 economies, will “pivot” its approach by shifting from policy development toward monitoring and ensuring the implementation of agreed global reforms that are still incomplete.

“The effectiveness of these measures depends on their timely, consistent and comprehensive implementation across all jurisdictions,” he said.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Some portions of this content may have been generated or assisted by artificial intelligence (AI) tools and been reviewed for accuracy and quality by our editorial team.