By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Rupee Slips to 96.30 as NDF Settlement Demand Pressures Onshore Market
India's rupee dropped to 96.30 per US dollar on Thursday, driven by dollar demand from maturing non-deliverable forwards during the RBI's fi
ABB's $5.5 Billion Rotork Buy and British Steel Nationalization Reshape UK Corporate Landscape
UK stocks edged lower as ABB's $5.5 billion acquisition of Rotork and the government's takeover of British Steel dominated headlines. The mo
ASML Tests Pricing Power with Planned Equipment Hike Despite TSMC Pushback
ASML is planning to raise prices on its advanced chipmaking tools, even as top customer TSMC pushes back. The move tests the Dutch company's
Nickel Rallies Nearly 2% on Strait of Hormuz Supply Fears
Nickel rose nearly 2% on the London Metal Exchange after concerns that disruptions in the Strait of Hormuz could tighten sulfur supplies, a
Life360 User Growth Rebounds After Google Play Store Visibility Issue Resolved
Life360's app growth is recovering after a Google Play Store issue limited its visibility. Jefferies cited June data showing monthly active
Indian Stocks Edge Up as IT Rebounds; Oil Stays Near $85 on Iran Strikes
The Nifty 50 rose 0.2% as Wipro and Tech Mahindra gained ahead of results. Brent crude hovered near $85 after US strikes on Iran's coastal d
China Growth Slows to Three-Year Low; Stripe-Advent Bid $53B for PayPal
China's economy grew at its slowest pace in three years, with weak consumer spending and a sluggish property market. Separately, Stripe and
Australian Spending Cools in June as Shoppers Stick to Essentials
Australian household spending edged up 0.3% in June, but the pace cooled as retail, hospitality, and recreation lost momentum. CommBank says
Lunnon Metals' Strong Gold Cash Flow Extends Lady Herial Mine Life Options
Lunnon Metals' Lady Herial gold project generated AU$9 million in free cash flow in June, lifting cash to AU$21 million. Broker Euroz Hartle
South Korea Plans New Curbs on Single-Stock Leveraged ETFs After KOSPI Volatility
South Korea's financial regulator plans new curbs on single-stock leveraged ETFs after a 6% KOSPI drop. The rules target leverage caps and r
Tata Capital's $400M Bond Tightens to 107bps on $2B Demand, Setting New Benchmark for Indian NBFCs
Tata Capital's $400 million dollar bond drew $2 billion in bids, allowing it to tighten pricing to 107 basis points over Treasuries. The dea
Chip Stocks Slide as TSMC Earnings Loom and Brent Crude Hits $85.45
Asian stocks slid as chipmakers sold off ahead of TSMC earnings, with South Korea's KOSPI dropping 6.3%. Cooler US inflation supported bonds