Key Takeaways SPGI reported Q4 2025 EPS of $4.30, missing estimates, while revenues of $3.92B beat consensus mark. SPGI saw Ratings and Indices up 12% and 14%, with Marketing Intelligence up 7% and Mobility up 8%. SPGI generated $5.65B cash flow, and raised 2026 revenue growth guidance to 6-8%.S&P Global Inc. (SPGI) reported mixed fourth-quarter 2025 results, wherein earnings missed the Zacks Consensus Estimate, whereas revenues beat the same.SPGI’s adjusted earnings per share (EPS) of $4.30 missed the con ...

Euronext announces volumes for January 2026 Amsterdam, Athens, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 6 February 2026 – Euronext, the leading European capital market infrastructure, today announced trading volumes for January 2026. Monthly and historical volume tables are available at this address: euronext.com/investor-relations#monthly-volumes CONTACTS ANALYSTS & INVESTORS – ir@euronext.com Investor Relations Judith Stein +33 6 15 23 91 97 Margaux Kurver +33 6 84 16 85 03 MEDIA – mediateam@ ...

Core Viewpoint - Euronext has successfully completed a €250 million share repurchase program, repurchasing approximately 1.90% of its share capital at an average price of €127.03 per share [1][2]. Group 1: Share Repurchase Program Details - The share repurchase program was executed from November 18, 2025, to January 27, 2026, totaling 1,967,993 shares [1]. - The program was conducted in compliance with applicable regulations, including the Market Abuse Regulation and was authorized by the General Meeting of Shareholders on May 15, 2025 [2]. Group 2: Future Actions - During the 2026 Annual General Meeting scheduled for May 20, 2026, the Managing Board will seek authorization to confirm the cancellation of the repurchased shares [3]. Group 3: Company Overview - Euronext is a leading European capital market infrastructure, covering the entire capital markets value chain, including listing, trading, clearing, and settlement [5]. - As of September 2025, Euronext's regulated exchanges host over 1,700 listed issuers with a market capitalization of €6.5 trillion, handling 25% of European lit equity trading [6]. - In November 2025, Euronext acquired a majority stake in the Athens Stock Exchange, further expanding its market presence [7].

Core Perspective - PU Prime has launched a global brand campaign titled 'Champion in You', which emphasizes the human experience in trading and the personal journeys that lead individuals to start trading [1][2]. Group 1: Campaign Overview - The 'Champion in You' campaign consists of three phases, with the first phase called 'The Dream', featuring interviews with real traders sharing their motivations and experiences that led them to trading [2][5]. - The campaign aims to provide a grounded perspective on trading, reconnecting traders with their initial motivations and emphasizing the importance of discipline, resilience, and consistency [4][6]. Group 2: Phase Details - 'The Dream' phase highlights the stories of individuals who overcame personal challenges and uncertainties to begin their trading journeys, focusing on the courage to start despite not having certainty [3][4]. - The subsequent phase, 'The Grind', will address the discipline and consistency required to persevere through challenges and setbacks that traders face after their initial motivation wanes [5]. Group 3: Company Background - PU Prime, founded in 2015, is a global fintech company and CFD broker, offering regulated financial products across various asset classes and operating in over 190 countries with more than 40 million app downloads [7].

Core Insights - Euronext announced the results of the annual review for the PSI® index, effective from December 22, 2025, with no changes in the index composition for the December 2025 quarterly review [1][2]. Company Overview - Euronext operates as a leading European capital market infrastructure, covering the entire capital markets value chain, including listing, trading, clearing, settlement, and custody [4]. - As of September 2025, Euronext's regulated exchanges host over 1,700 listed issuers with a total market capitalization of €6.5 trillion, making it a significant player in European equity trading, handling 25% of European lit equity trading [5]. Recent Developments - In November 2025, Euronext successfully acquired a majority stake in the Athens Stock Exchange (ATHEX), enhancing its pan-European market infrastructure [6].

Core Viewpoint - Euronext has successfully completed a tender offer for its outstanding €600 million 0.125% Bonds due 2026, with €214.515 million accepted for purchase, leaving €385.485 million outstanding after the settlement [3][4]. Offer Details - The tender offer was launched on 17 November 2025, inviting holders of the €600 million Bonds to tender their securities for cash [1][2]. - The expiration deadline for the offer was set at 5:00 p.m. CET on 24 November 2025 [3]. Results of the Offer - A total of €214,515,000 in aggregate principal amount of the Bonds was validly tendered for purchase [3]. - The New Issue Condition was satisfied, allowing the Offeror to accept all validly tendered Bonds in full [4]. Settlement Information - The expected settlement date for the offer is 27 November 2025 [4]. - Post-settlement, €385,485,000 in aggregate principal amount of the Bonds will remain outstanding [4]. Future Acquisitions - The Offeror may acquire additional Bonds through various means, including open market purchases and privately negotiated transactions [5]. Company Overview - Euronext operates as a leading European capital market infrastructure, providing a range of services from listing to trading and clearing [9]. - As of September 2025, Euronext's regulated exchanges host over 1,700 listed issuers with a market capitalization of €6.5 trillion [10]. - In November 2025, Euronext acquired a majority stake in the Athens Stock Exchange, enhancing its market presence [11].

Core Insights - MSCI Inc. is valued at $41.8 billion and provides essential decision-support tools and solutions for the investment community [1] Performance Overview - MSCI shares have underperformed the broader market, declining 6.1% over the past year, while the S&P 500 Index has increased by nearly 12.3% [2] - In 2025, MSCI's stock fell 7.2%, contrasting with the S&P 500's 12.5% rise year-to-date [2] Comparative Analysis - MSCI's underperformance is also evident against the iShares U.S. Broker-Dealers & Securities Exchanges ETF, which gained about 12.7% over the past year and 17.3% year-to-date [3] Recent Financial Results - On October 28, MSCI shares rose over 8% after reporting Q3 results, with an adjusted EPS of $4.47, surpassing Wall Street's expectation of $4.37 [4] - The company's revenue was $793.4 million, falling short of Wall Street forecasts of $799.2 million [4] - Analysts project MSCI's EPS to grow 13.2% to $17.21 for the current fiscal year ending in December [4] Analyst Ratings - Among 19 analysts covering MSCI, the consensus rating is a "Moderate Buy," consisting of 12 "Strong Buy," three "Moderate Buy," three "Hold," and one "Strong Sell" [5] - The consensus has become less bullish compared to the previous month, with 13 analysts previously suggesting a "Strong Buy" [6] - Evercore ISI analyst David Motemaden maintains a "Buy" rating with a price target of $655, indicating a potential upside of 17.6% from current levels [6] - The mean price target is $653.06, representing a 17.3% premium to current prices, while the highest price target of $710 suggests a notable upside potential of 27.5% [6]

Event Overview - Bybit Plus 正在进行 TradFi 交易竞赛，交易标的包括黄金、外汇或指数 [1] - 活动时间：UTC 时间 11 月 4 日上午 10 点至 12 月 4 日上午 10 点 [1] Prize Pool - 总奖金池：12 万 USDT [1] - 其中 2 万 USDT 专门为新交易者预留 [1] Participation - 交易者可以通过交易量和盈亏额登上排行榜 [1]

Event Overview - Bybit 推出 TradFi 交易竞赛，鼓励用户交易黄金、外汇或指数 [1] - 竞赛时间为 2025 年 11 月 4 日至 2025 年 12 月 4 日 [2] Prize Pool - 总奖金池为 12 万 USDT [2] - 其中 2 万 USDT 专门为新交易者预留 [2] Participation - 无论专业交易者还是新手，均可参与 [2] - 参与者可以通过交易量和盈亏额登上排行榜 [1]

Core Insights - B2PRIME Group has launched B2PRIME Retail, a new business arm aimed at providing institutional-grade technology and infrastructure to individual traders, enhancing client experience with pro-level execution and transparent pricing [1][2] Group Structure and Offerings - B2PRIME Retail is designed specifically for retail clients, allowing them to trade CFDs across seven asset classes, including Forex, Metals, Indices, Commodities, Energies, Cryptocurrencies, and NDFs [2] - The company has obtained the DARE License in the Bahamas, enabling it to offer regulated digital asset services, including Crypto Spot and Perpetual Futures [3] Client Experience and Technology - The onboarding process for clients is fully digital, featuring automated KYC/AML compliance reviews for near-instant account setup, with deposits and withdrawals processed through efficient straight-through rails [3] - B2PRIME Retail will introduce features such as Copy Trading and a next-generation IB program, which includes leaderboards, tiered rebates, partner wallets, and instant payouts [4] Governance and Operations - B2PRIME Retail operates as a separate division with independent management and systems, ensuring strict information barriers between retail and institutional operations to maintain the integrity of the Group's institutional services [5] Trading Conditions - The company offers different trading conditions, including Raw Spread with direct institutional spreads and fixed commissions, as well as Standard accounts with tight spreads and zero commission [6]