By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Allianz Price Target Raised as AI-Driven Cost Cuts Exceed Expectations
Metzler Capital Markets raised its price target on Allianz to €454 from €420, betting the insurer's AI push will cut costs faster than expec
Dollar Slips as Quiet Data Day Puts Focus on St. Louis Fed GDP Nowcast
The US dollar slipped early Friday as markets turned quiet ahead of a St. Louis Fed GDP nowcast update. Traders are also eyeing Canada's Jun
SK Hynix's $26.5B Nasdaq Debut Rewards a Decade-Long Bet on AI Memory Chips
SK Group chairman Chey Tae-won rings the bell for SK Hynix's Nasdaq listing on Friday, a $26.5 billion payoff for a decade-long gamble on hi
Burkina Faso Grants Gold Mine Permit to State Miner, Shifting Away from Private Development
Burkina Faso has granted its state mining company SOPAMIB an industrial permit for the Bouboulou gold project. The mine targets over 7 metri
Vodafone and EasyJet Surge on Deal News, but Geopolitical Worries Cap FTSE Gains
Vodafone rose 12.6% and easyJet jumped 14.5% on deal news, but broader London markets barely moved as geopolitical tensions weighed. Both th
SK Hynix Nasdaq Debut Tests AI Chip Rally as $26.5B ADR Sale Sees Heavy Demand
SK Hynix's Nasdaq debut puts the AI chip rally to the test after a $26.5 billion ADR sale. The deal was oversubscribed more than seven times
S&P 500 Near Record as CPI, Bank Earnings, and Iran Tensions Test Markets
The S&P 500 is hovering near record highs as investors brace for Tuesday's June inflation report and big-bank earnings. Renewed US-Iran tens
STOXX 600 Earnings Calendar: ASML and Nordic Banks Set for Busy Week
A Reuters diary shows a tight cluster of STOXX 600 earnings reports next week, led by ASML on July 15 and a packed July 17 for Nordic banks
Berenberg Boosts Sartorius Price Target to €270, Eyes Q2 Revenue Beat
Berenberg lifted its price target on Sartorius to €270 from €250, citing improving demand. The bank forecasts 7.9% Q2 revenue growth, slight
SoftBank and PayPay in Talks to Invest Billions in Seven & i, Bringing AI and Robots to 7-Eleven
SoftBank and PayPay are in talks to invest several hundred billion yen in Seven & i, according to Bloomberg. The plan would bring AI tools a
Singapore Stocks End Week Higher on AI Optimism; Marco Polo Marine, China Aviation Oil Lead
Singapore stocks closed the week higher, with the Straits Times Index up 0.7% on Friday. Gains were led by Marco Polo Marine on a Siemens Ga
Volkswagen Global Deliveries Slip 8.6% as China Sales Plunge 36.6%
Volkswagen reported an 8.6% decline in global deliveries for the second quarter, driven by a 36.6% slump in China. Gains in North America an