By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
CPI report and Fed speakers set to test September rate-cut odds
Traders are betting on a 56% chance the Fed holds rates at 3.5%-3.75% in September, up from 33% last week. Wednesday's CPI report and a busy
FTSE 100 edges lower as investors await UK GDP data
The FTSE 100 slipped 0.2% as investors digested company updates and awaited Thursday's UK GDP data. The mid-cap FTSE 250 was little changed,
Ashington Innovation suspends shares as it lines up World Metal Group deal
Ashington Innovation, a London-listed SPAC, has signed exclusive non-binding terms to buy a Cayman holding company that owns World Metal Gro
RBC raises Allianz price target to €450 after strong Q2 and deals
RBC Capital Markets has raised its price target on Allianz to €450 and boosted earnings forecasts after the insurer's second-quarter results
Italian Sea Group launches sale process as insolvency looms
Italian Sea Group, the insolvent luxury yacht builder, has launched a formal sale or recapitalization process. Binding offers are due by Oct
Zain KSA profit jumps 58% but analysts see one-off boost
Zain KSA's second-quarter profit jumped 58.2% year-on-year to 202 million Saudi riyals, even as revenue stayed flat at 2.7 billion. Analysts
Hindustan Copper courts Codelco as India's copper gap widens
India's copper demand far outstrips domestic production, and state-run Hindustan Copper is courting Chile's Codelco for a joint venture. The
Marshalls lifts profit on cost cuts, but UK building slump persists
Marshalls, a UK supplier of landscaping and roofing materials, reported a 13.2% rise in first-half adjusted pretax profit to £24.9 million,
KOSPI ends higher but chip rally fades as foreigners sell
South Korean stocks finished higher, but the KOSPI faded after an early pop. Samsung Electronics and SK Hynix swung from 3% gains to losses
Spanish stocks face busy Monday as Azvi, Mapfre hit by setbacks
Spanish stocks head into Monday with a heavy news load, including reports of contract suspensions for builder Azvi in Chile and a management
Palm oil prices rise as Malaysia's July inventories climb 3.32%
Palm oil futures in Malaysia climbed as traders took cues from stronger soybean oil and crude prices. Meanwhile, the Malaysian Palm Oil Boar
e& margins hold up in Q2, but analysts warn of cooling ahead
e& posted steady revenue growth in the second quarter, but profits slipped. United Securities kept its price target, praising margin strengt