By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Funds Trim Bearish Wheat Bets on Euronext, Reducing Squeeze Risk
Funds and other non-commercial traders reduced their bearish bet on Euronext milling wheat, trimming net shorts to 9,728 contracts. This lig
Morgan Stanley: Biopharma Outperformance Now Hinges on Company Results, Not Rates
Biopharma stocks have quietly outperformed the broader market this year, but Morgan Stanley warns that the next leg of gains will depend on
European ADRs Slide 1.1% as Energy Gains Offset by Banco Santander, SAP Declines
European ADRs slipped 1.11% in US trading late Wednesday, as gains in energy stocks like Equinor and Eni were outweighed by sharp declines i
Asian ADRs Rise in Early US Trading as Alibaba Surges 9.8%, HDFC Bank Slips
Asian stocks trading in the US as ADRs rose 0.79% early, with Alibaba surging 9.8% and HDFC Bank sliding 2.4%. These moves offer clues for i
Metallis Resources Begins 2026 Drilling Prep at Idaho's Greyhound Project
Metallis Resources has kicked off its 2026 field season at Idaho's Greyhound Project, with crews reopening access and rechecking drill pads
Canada Invests Up to C$400M in Teck's Trail Plant for Strategic Metals
Teck Resources has signed a deal with the Canada Growth Fund that could bring up to C$400 million in public investment to expand production
Medical Properties Trust Cuts Infracore Stake as Swiss Hospital Landlord Goes Public at 54 Francs
Medical Properties Trust is trimming its stake in Swiss hospital landlord Infracore as the company goes public on the SIX Swiss Exchange at
Nexchip Semiconductor Prices Hong Kong IPO at Top of Range, Raising $6.98 Billion
Nexchip Semiconductor has priced its Hong Kong IPO at the top of its range, aiming to raise about HK$6.98 billion. The partially state-owned
DHL Lifts 2026 Profit Target After Strong Q2; BofA Raises Price Target to €61.50
DHL boosted its 2026 profit target after a better-than-expected second quarter. Bank of America raised its price target to €61.50, highlight
Berenberg Boosts Scout24 Price Target on AI Growth Potential Amid Weak German Housing Market
Berenberg lifted its 12-month price target on Scout24 to EUR 140 from EUR 100, betting that AI tools can sustain growth despite a weak Germa
Indian Stocks, Rupee Hit by Oil Surge After US-Iran Tensions Escalate
Indian stocks and the rupee slumped on July 8th as oil prices surged after Donald Trump declared a peace memorandum with Iran 'over'. The Se
Oil Surge Rattles Indian Markets: Bonds, Stocks, Rupee Hit After Trump Ends Iran Deal
A sharp oil price spike after President Trump said the Iran peace deal was 'over' hit India's markets hard. Brent crude surged nearly 6%, pu