By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Yuan firms as PBOC sets strongest midpoint in months, dollar slips
The yuan firmed as US Treasury yields pressured the dollar, and the PBOC set its strongest daily midpoint since February. Investors now watc
Japan's earnings season trips up retailers and medtech despite strong results
Pan Pacific sank nearly 11% and Terumo slid over 5% even after both lifted profit forecasts and reported stronger results. The market's reac
KKR set to buy minority stake in Malaysia's Avisena Healthcare
Private equity giant KKR is the preferred bidder for a 20-25% stake in Malaysian hospital group Avisena Healthcare, a deal that could value
ByteDance's $20B loan draws $30B in lender orders as AI spending surges
ByteDance's $20 billion loan drew over $30 billion in lender orders, signaling strong confidence in the TikTok owner. The funds will support
Rusal swings to profit as aluminum prices whipsaw and power costs climb
Rusal returned to profit in the first half, earning $196 million as aluminum prices swung from four-year highs to a slide. But higher energy
KKR and Goldman Deals Mark Busy Day as Housing Data Sends Mixed Signals
Wall Street's deal machine revved up with KKR and Goldman Sachs making headlines, but July housing data painted a two-speed picture. Starts
CSN's cement sale stalls as bids fall short of target
CSN's plan to sell its cement business to reduce debt is hitting a snag: bids near 10 billion reais are still below the company's reduced ta
Global bond yields hit decade highs as deficits and oil fuel debt worries
Bond yields in the US, Japan, and Europe hit decade-plus highs as investors demanded more compensation to lend to governments. Big deficits,
Small caps surge: Xos, Amylyx, FORT Robotics jump on separate catalysts
Three small-cap stocks surged on distinct catalysts: Xos on a US Air Force deal, Amylyx on a phase 3 trial win, and FORT Robotics on a SPAC
Home Depot's sales growth fastest in four years as DIYers tackle small fixes
Home Depot posted its fastest sales growth in nearly four years, beating forecasts as Americans bought tools, patio gear and plants. But big
Empire to buy nine Longo's in-store pharmacies in Ontario
Empire Company has agreed to buy nine Morelli's pharmacies operating inside Longo's grocery stores in Ontario. The deal, pending approval fr
Tech stocks slide as long-term Treasury yields stay near 2007 highs
Tech stocks fell as long-term Treasury yields stayed near multi-year highs, with chipmakers leading the drop. Oil climbed on US-Iran tension