By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Brembo lifts 2024 sales forecast after strong second quarter
Brembo raised its full-year sales outlook to about 5% revenue growth, up from 3%, after a strong second quarter. The Italian brake maker saw
Asian ADRs slip as North Asia stocks show mixed moves, NIO gains 4%
Asian stocks trading in the US eased Wednesday, with the S&P Asia 50 ADR Index down 0.84%. The move masked a split tape: NIO rose 4% while E
Stocks dip as oil surges 6% on Iran tensions, Fed decision looms
US stocks slipped as oil prices surged more than 6% on renewed fighting involving Iran, pushing Treasury yields higher. Markets are now focu
GoTo's fintech unit GoPay now out-earns ride-hailing as Indonesia caps commissions
GoTo's fintech arm GoPay generated more operating profit than ride-hailing app Gojek for the first time, as adjusted EBITDA surged more than
Baltic Dry Index Falls 1.2% as Capesize Rates Drop, Panamax Sees First Gain
The Baltic Dry Index fell 1.2% to 2,632 as capesize and supramax rates declined, though panamax rates finally ticked up. The drop brings the
PROG Holdings beats Q2 estimates, raises 2026 outlook, but stock slips
PROG Holdings topped Q2 forecasts and raised its 2026 earnings outlook, but shares fell more than 2% after the open. Investors focused on ne
Berenberg trims Talanx profit forecasts but sees steadier margins ahead
Berenberg has trimmed its earnings growth forecasts for German insurer Talanx through 2028, cutting its price target to 158 euros. The bank
Berenberg raises LVMH forecasts but keeps 420-euro target on Hold
Berenberg raised its 2026-2028 forecasts for LVMH after the luxury giant's Q2 revenue beat expectations. But the bank kept a Hold rating and
European bond yields rise as oil surge and Fed decision rattle markets
Eurozone bonds slipped on Wednesday as oil prices surged and traders eyed a potential Federal Reserve rate hike. Germany's 10-year Bund yiel
TeamLease Profit Surge Shows Global Capability Centers Still Hiring in India
India's TeamLease Services posted a 31.4% jump in quarterly net profit, fueled by specialized staffing for global capability centers. The re
Dabur profit climbs 15% as price hikes stick without hurting demand
Dabur India's quarterly profit rose 15% as the consumer goods company successfully raised prices without losing customers. Revenue grew 11%,
Stocks Hold Steady as Fed Rate Decision and Tech Earnings Loom
US stock futures were little changed Wednesday as investors waited for the Federal Reserve's rate decision. Oil prices surged 4.7% to $83, a