By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Yuan near 3-1/2-year high as dollar softens, PBOC steers pace
China's yuan is trading near its strongest level in 3-1/2 years as the dollar weakens. The central bank is managing the pace with its daily
Westpac Sees Oil Cooling to $83, Gold Climbing to $4,350
Westpac expects Brent crude to cool to $83 in the September quarter, while gold stays hot at $4,350 an ounce. The divergent outlook suggests
Oil prices and elections set the tone for African markets this week
African markets are starting the week with oil prices firmer and a busy political calendar. Zambia's election count and Kenya's plans to iss
ADQ moves to take full control of AD Ports with AED 6.25 tender offer
ADQ, Abu Dhabi's state investor, is offering AED 6.25 per share to buy the remaining 24.6% of AD Ports Group it doesn't already own. The all
James Hardie faces new investor class action over 2026 forecast, 35% stock plunge
Australian law firm Slater and Gordon has launched a class action against James Hardie, claiming the company misled investors about its fisc
Alphabet plans first Australian dollar bond sale to fund AI push
Alphabet is preparing its first-ever Australian dollar bond sale, joining a wave of Big Tech borrowing to fund AI investments. The company i
Palm oil futures hold steady as crude, China oils lend support
Malaysian palm oil futures barely moved, with the November contract easing 0.12% to 4,801 ringgit a ton. Support from firm crude and higher
Japan's 10-year bond yield hits 2.925%, a three-decade high
Japan's benchmark 10-year bond yield hit 2.925%, its highest since September 1996, as global bond selling intensifies. Investors are weighin
BlueScope doubles profit, lifts earnings target on strong US and Asia demand
BlueScope more than doubled annual profit and raised its next earnings target, citing wider US steel spreads and strong Southeast Asia deman
Gulf stocks rise as Hormuz shipping stays patchy and peace talks stall
Saudi Arabia's main index rose 0.9% even as shipping through the Strait of Hormuz stayed patchy and peace talks showed no progress. Brent se
Nvidia in talks for up to $3B SB Energy stake tied to OpenAI data center
Nvidia is in talks to invest up to $3 billion in SB Energy, a SoftBank-backed infrastructure firm planning an Ohio data center for OpenAI. T
Nvidia trims OpenAI data center guarantee to under $120B
Nvidia is reducing its financial guarantee for OpenAI's massive Ohio data center project. The first-phase backstop could fall below $120 bil