By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Baltic Dry Index Slips 1.4% as Capesize and Panamax Rates Cool
The Baltic Dry Index slipped 1.4% to 2,776, its lowest since July 31, as rates for the largest cargo ships cooled. Capesize and panamax dail
TJX beats Q2 estimates but soft Q3 outlook weighs on shares
TJX beat Q2 expectations with EPS of $1.36 and sales of $15.18 billion, but its Q3 profit outlook trailed forecasts. Shares fell 3.6% premar
Analog Devices beats forecasts on AI data center demand
Analog Devices expects fourth-quarter revenue of $4.3 billion and adjusted EPS of $3.86, both ahead of Wall Street forecasts. The company cr
Rheinmetall's backlog strong, but 2028 sales gap looms
Rheinmetall's €80.5bn backlog looks solid for the next two years, but Mwb Research warns that 77% of 2028 consensus sales aren't covered by
Loonie gets modest lift from three-day US tariff pause
The loonie gained after the US postponed planned 50% tariffs on some Canadian goods for three days. But Commerzbank notes the modest move su
ASR Nederland eyes Dutch insurance deals as AI costs squeeze rivals
ASR Nederland is looking to expand in Dutch non-life insurance, with CEO Ingrid de Swart saying higher AI and compliance costs are squeezing
Asian stocks slide as tech selloff and high bond yields rattle markets
Asian markets tumbled as tech stocks tracked Wall Street lower and government bond yields remained elevated. Japan's Nikkei fell 3.2% and Ko
Target raises sales outlook as price cuts and faster delivery lift traffic
Target raised its annual sales outlook after a strong quarter, driven by higher store traffic, faster same-day delivery, and nearly $1 billi
Emerging market stocks slide 1.8% as oil climbs on stalled Middle East talks
Emerging-market stocks fell 1.8% as stalled Middle East talks pushed oil prices higher. A softer dollar helped currencies stay firm, but inv
Europe's AI data centers push 175 km from cities for cheaper power
Europe's next wave of AI data centers is moving far from major cities, averaging 175 km away versus 46 km for recent projects. Developers ar
HKEX posts record first-half profit as IPOs and trading rebound
Hong Kong Exchanges and Clearing posted a record first-half profit as IPO fundraising and trading activity rebounded. Net profit rose 24% to
Belimo's data center cooling opportunity grows more complex
Belimo reported an 'exceptionally strong' first half, with sales rising to 676.4 million francs. Analysts at Berenberg kept their buy rating