By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Aluminum Prices Rise as Middle East Tensions and Low Inventories Squeeze Supply
Aluminum prices edged up as Middle East shipping disruptions and dwindling LME inventories to 292,425 tons—the lowest since September 2022—t
RBC Sees Hidden Value in Carrefour's Cash Flow and Cost Savings Plan
RBC Capital Markets initiated coverage of French grocer Carrefour with an Outperform rating, arguing the company's cash generation and cost-
Vertex's $10B Crinetics Buy and ADNOC's $1B Shell Deal Signal Broad M&A Activity
Tuesday saw two major deals: Vertex's $10 billion acquisition of Crinetics Pharmaceuticals and ADNOC Distribution's $1 billion purchase of S
China's Central Bank Extends Gold Buying Streak to 20 Months Despite Price Drop
China's central bank bought 480,000 ounces of gold in June, extending its buying streak to 20 straight months. The purchase came despite spo
Bank of England Warns Crowded AI Bets Could Amplify Market Turmoil
The Bank of England warned that leveraged, momentum-driven AI bets could worsen any market selloff if sentiment shifts. UK banks are resilie
Chip Stocks Slide as AI Spending Doubts Hit Nasdaq Futures
Nasdaq-100 futures slipped Tuesday after memory-chip stocks like Micron and Western Digital fell sharply in premarket trading, testing inves
Czech Crown, Hungarian Forint Dip as Cooling Inflation Paves Way for Rate Cuts
The Czech crown and Hungarian forint fell after June inflation came in below expectations, raising the odds of interest rate cuts. Geopoliti
Yen Holds Near 40-Year Low as Traders Await Fed Minutes for Rate Clues
The yen is hovering near a 40-year low around 162 per US dollar, keeping markets on alert for possible intervention from Tokyo. Traders are
SBI Funds Management Preps $1.2B IPO with ADIA, GIC as Anchor Investors
SBI Funds Management, India's biggest asset manager, is set to launch a $1.2 billion IPO next week. Abu Dhabi's ADIA and Singapore's GIC are
SpaceX Joins Nasdaq-100 Just 15 Days After IPO, Triggering $4.3 Billion in Index Fund Buying
SpaceX will join the Nasdaq-100 on Tuesday, only 15 days after its June 12 IPO. Index funds tracking the benchmark must buy shares, potentia
Suncorp Technologies Delays Share Consolidation, Pushing Key Dates to Mid-Year
Suncorp Technologies is postponing its planned 5-for-1 share consolidation, shifting key milestones like shareholder votes and the first day
Sumitomo Mitsui Trust Invests $500M in Morrison for Global Infrastructure Push
Sumitomo Mitsui Trust Bank is acquiring a 15% stake in infrastructure investor Morrison, committing $500 million. The deal aims to boost Jap