By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
India's NSE IPO fully subscribed by day two, debut set for Sept. 24
India's National Stock Exchange saw its $2.3 billion IPO fully subscribed by day two, with strong demand from institutional investors. The l
Stocks face triple test: yields near 5%, oil at $100, AI debate
US stocks head into next week about 2% below their mid-August record. Investors are watching 10-year Treasury yields near 5%, oil around $10
Canada's TSX futures edge lower as oil slips, gold climbs
Canadian stocks were nearly flat Friday as oil prices slipped on talk of extra Saudi supply while gold and silver climbed on Middle East ten
EssilorLuxottica heir's exit adds boardroom tension, but analysts see limited impact
A public dispute between EssilorLuxottica's largest shareholder and its CEO has escalated, with the founder's son resigning key roles. Analy
Nasdaq 100 futures rise as oil slide eases rate worries
Nasdaq 100 futures rose Friday as oil prices slid for a third straight day, easing inflation concerns. Traders also braced for triple witchi
Berenberg sees Marks & Spencer recovering after cyber incident
Berenberg expects Marks & Spencer to report first-half adjusted pretax profit of £394 million on Nov. 4, as the retailer recovers from last
Orion180's IPO gives founder control via dual-class shares
Orion180 Insurance priced its IPO at $12 a share, raising about $240 million. But the Florida home- and flood-insurer's founder keeps contro
Toyota's automation push could cost ¥1 trillion a year from 2028
Toyota outlined a sweeping factory automation plan that could cost roughly ¥1 trillion ($6.4 billion) a year starting in 2028. The plan woul
Bernstein upgrades Moncler, says luxury slump is mostly priced in
Bernstein has upgraded Moncler to outperform, arguing the luxury brand's recent share slump has pushed its valuation near post-IPO lows. The
Rand Holds Near 16.25 as Traders Await Inflation Data and SARB Rate Decision
South Africa's rand held steady near 16.25 per US dollar as traders awaited next week's inflation report and a widely expected rate hike fro
Debenhams brings back Iain McDonald as chair after equity raise
Debenhams has brought back Iain McDonald as board chair, months after he stepped aside so his fund could join the retailer's equity raise. T
Asian chip stocks rally as BoJ raises rates to 31-year high
South Korea and Taiwan chip stocks led emerging-market gains as investors leaned into AI-linked hardware, even as the Bank of Japan raised i