By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
S&P Warns Asia-Pacific Industrials Face Tougher Year as Demand Slows, Costs Rise
S&P Global Ratings expects weaker demand and higher input costs to pressure credit metrics for Asia-Pacific industrials over the next 12 mon
Richemont's Jewelry Strength Drives Bernstein to Hike Price Target to 240 Francs
Richemont beat fiscal first-quarter expectations with 24% constant-currency growth in its jewelry maisons. Bernstein raised its price target
ASX 200 Drops as Miners Slump on Weaker Iron Ore and Copper; Energy Stocks Rise
The ASX 200 ended the week lower as miners dragged the index down on weaker iron ore and copper prices. Energy stocks rose on higher oil pri
Berenberg Cuts Rio Tinto Target to £81 on High Diesel Costs, Mongolia Tax Bill
Berenberg maintained its hold rating on Rio Tinto but cut its price target to £81 after the miner's Q2 update. The bank flagged elevated die
Gold Discounts Widen in India as Buyers Hold Out, China Premiums Steady
Gold discounts in India widened to $45 an ounce as weak jewelry demand forces dealers to cut margins. In China, premiums held steady even as
Skanska Beats Profit Forecasts as Construction Orders Surge 23% on US and Nordic Demand
Skanska reported better-than-expected second-quarter profits as its construction unit saw orders surge 23%, led by US and Nordic infrastruct
TSMC's Record Profit Not Enough as Taiwan Chip Stocks Slide on Capex Concerns
Taiwan's chip stocks slid on Friday even after TSMC posted a record quarterly profit. Investors took profits and shifted focus to the rising
New Zealand Stocks Rise as Markets Weigh US-Iran Tensions and Sticky Inflation
New Zealand stocks climbed on Friday even as Wall Street slid, with the S&P/NZX 50 rising 0.59%. Investors weighed fresh US-Iran tensions ag
Telstra CEO Blames Missed Software Patch and Undocumented Server Change for 000 Outage
Telstra CEO Vicky Brady told a Senate committee that the recent 000 outage could have been prevented if a software patch had been installed
LME Lead Inventories Surge 58% in Two Days, But Warehouse Churn Drives Move
LME lead inventories surged 58% in two days after 171,175 metric tons were warranted in Singapore, sending three-month lead to a 15-month lo
Jio Financial Profit Surges as Lending Arm Scales Past ₹300 Billion
Jio Financial Services, the Reliance spin-off, posted a more than doubled June-quarter profit as its lending arm Jio Credit's assets under m
Wall Street Rotates from AI Chips to Hyperscalers as Capex Growth Cools
After a massive run-up in AI chip stocks, some fund managers are rotating into hyperscalers like Amazon, Microsoft, Alphabet, and Meta, as w