By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Baltic Dry Index Drops 1.7% as Capesize Rates Cool, Supramax Hits 2022 High
The Baltic Dry Index slipped 1.7% as rates for large capesize ships cooled, while smaller supramax vessels climbed to their strongest level
Gold Steadies Above $4,000 as Surprise Drop in US Producer Prices Eases Rate Hike Fears
Gold steadied above $4,000 after US producer prices unexpectedly fell in June, prompting traders to scale back bets on a July Federal Reserv
Cintas Forecasts Fiscal 2027 Revenue Above Estimates as Healthcare, Government Hiring Holds Steady
Cintas forecasts fiscal 2027 revenue of $12.10-12.25 billion, above the $12.08 billion consensus, driven by steady hiring in healthcare and
Copper Slips on Weak China Data but Supply Woes and Oil Surge Limit Losses
Copper slipped after softer China growth data, but the drop was limited by mine disruptions and higher oil prices. Supply constraints from R
Conagra Halves Dividend After $2 Billion Write-Down, Warns on Profit
Conagra Brands slashed its dividend by 50% after a $2 billion write-down drove a quarterly loss. The company also forecast weaker profit for
UAE Stocks Split as Soft US Inflation Fuels Fed Pause Bets, Middle East Tensions Loom
Abu Dhabi stocks dipped while Dubai edged higher after softer US inflation data reinforced expectations the Fed will hold rates steady. Inve
HDFC Life Profit Up 12% as Renewal Premiums Offset Slower Bank Sales
HDFC Life reported a 12% rise in quarterly profit, driven by a 19% surge in renewal premiums. Growth through its parent HDFC Bank's branch c
Apple Intelligence Clears China Regulatory Hurdle, Taps Alibaba and Baidu AI Models
Apple's AI service for iPhones has been registered with Chinese regulators, a crucial step before launch. The service will use local AI mode
MUFG Warns Canadian Dollar Upside Limited Ahead of Bank of Canada Decision
MUFG sees limited upside for the Canadian dollar as the Bank of Canada is expected to signal a prolonged hold on rates. Markets pricing near
Pentair Shares Tumble After Pool Business Slowdown Forces Outlook Cut
Pentair warned that its pool business is slowing faster than expected, cutting Q2 sales and full-year EPS guidance. The company cited a larg
Elevance Health Raises Profit Forecast as Medical Costs Stay Below Expectations
Elevance Health raised its annual profit forecast to at least $27 per share after second-quarter results topped estimates. The insurer's med
Airbus Earnings Preview: Delivery Pace and Cash Flow in Focus
Airbus heads into earnings with deliveries tracking well. Metzler expects Q2 revenue of €20.2 billion and a reaffirmed target of 870 aircraf