By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Emerging Markets Stumble as Fed Holds Firm and Oil Prices Climb
Emerging-market assets wobbled after the Fed signaled no rush to cut rates, while oil prices firmed on renewed Middle East tensions. MSCI's
FTSE 100 hits record high as defense and mining stocks rally
London's FTSE 100 hit a fresh record on Thursday, led by defense firms and miners. Rolls-Royce jumped 5.6% after raising its outlook, while
Solstice raises 2026 outlook as AI data center demand drives 11% sales growth
Solstice Advanced Materials raised its full-year sales and profit outlook after second-quarter revenue jumped 11% to $1.15 billion. The Hone
Solutions Q2 profit rises 2% to 453 million riyals as revenue jumps 12%
Saudi ICT firm Solutions reported a 2% increase in Q2 net profit to 453 million riyals, driven by 12% revenue growth. However, higher financ
ArcelorMittal South Africa's loss widens 47% as Chinese steel imports flood market
ArcelorMittal South Africa's half-year headline loss widened 47% to 1.489 billion rand, driven by weak local demand and a surge of Chinese s
SES shares slide 11% as revenue misses estimates despite steady full-year outlook
SES missed revenue estimates in the second quarter, sending shares down more than 11%. The satellite operator kept its full-year guidance bu
Hang Seng edges up as Fed split and China spending pledge offer mixed signals
The Hang Seng Index closed 0.2% higher at 25,858.88, as a divided Federal Reserve kept rates unchanged and China pledged to accelerate fisca
Asia AI hedge fund trade unravels with 18.6% July loss
Asia-focused long-short hedge funds that piled into AI chip stocks are suffering heavy losses. Goldman Sachs says the funds are down 18.6% i
Kyocera lifts profit forecast as AI chip demand arrives early
Kyocera raised its full-year profit and revenue forecasts after quarterly profit surged 63%, fueled by earlier-than-expected AI chip demand
South Korean stocks fall as Fed rate hold overshadows Samsung's AI earnings
South Korean stocks dropped sharply as retail investors sold tech shares after the Fed held rates at 3.5%-3.75%. The decline came even as Sa
Air France-KLM beats Q2 profit forecasts, cuts capacity again on high fuel costs
Air France-KLM reported a better-than-expected second-quarter operating profit of €484 million, driven by premium long-haul travel. The airl
BAT lifts earnings forecast on Velo pouches and US strength, but shares slip
British American Tobacco raised its full-year earnings outlook after a strong first half, driven by Velo nicotine pouches and US performance