By Eleanor Whitfield
Former buy-side analyst. Leads the desk with a focus on global markets, macro flows and what moves portfolios.
Yen Hits 40-Year Low Despite Record $72.5B Intervention
The Japanese yen has slumped to its lowest level in 40 years, hitting 162 against the dollar. This comes despite a record $72.5 billion inte
STOXX 600 Surges 10% in Best Quarter Since 2020, AI Tech Stocks Lead Rally
Europe's STOXX 600 index just posted its best quarterly gain since 2020, rising 10% as AI-fueled tech stocks surged. The rally was led by se
Chip Stocks Power Nasdaq Higher as Oil Prices Slip
The Nasdaq climbed 1.2% as chip stocks like AMD jumped 7.1%, while oil prices slipped. The move underscores how a handful of tech giants can
Pirelli Plans $1.2 Billion US Expansion as Italy Curbs Chinese Shareholder Influence
Pirelli announced a $1.0-1.2 billion multi-year plan to expand US manufacturing, including sensor-equipped 'Cyber Tyres.' The move comes as
Oppenheimer: Akamai's $1.8B AI Cloud Deal Signals Undervalued Growth
Oppenheimer believes Akamai's AI cloud deals are undervalued by the market. The broker highlights a $1.8 billion, seven-year agreement and f
German Inflation Eases to 2.3% in June, DAX Rises on Cooler Data
Germany's inflation eased to 2.3% in June, below forecasts, lifting the DAX. Core inflation held steady at 2.5%, while Siemens Energy jumped
Morgan Stanley Cuts Mosaic's 2027 Profit Forecast, Lowers Price Target to $26
Morgan Stanley trimmed its 2027 EBITDA forecast for Mosaic to $1.93 billion and lowered its price target to $26, warning that cash flow chal
Vedanta-Backed CopperTech Halts $423.5 Million NYSE IPO Amid Copper Stock Slump
CopperTech Metals has postponed its $423.5 million NYSE IPO due to recent volatility in copper stocks. The Global X Copper Miners ETF has fa
Sucro Shares Surge 13% on Strategic Review, Rules Out Full Sale
Sucro shares surged 13% after the company launched a strategic review to explore value-unlocking options like asset sales, joint ventures, a
Fox Factory Downgraded by BofA as Cost Cuts Fail to Offset Weak Demand
Bank of America Securities downgraded Fox Factory to underperform, arguing its cost-cut push may not be enough to lift 2026 earnings much. T
New Muni Bonds Flagged for High Flood Risk by ICE Climate Data
ICE Climate Data has flagged several new municipal bond deals, including school district and utility bonds, with physical climate risk score
Cencora Chair Mark Durcan Buys $1M in Stock After Post-Earnings Dip
Cencora chair Mark Durcan bought 4,000 shares worth about $1 million after the stock fell following Q2 earnings. The purchase, flagged as un