By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
OpenAI Proposes 5% Government Stake in Leading US AI Developers
OpenAI CEO Sam Altman has proposed that the US government take a 5% equity stake in leading American AI developers. The plan, reported by th
Aluminum Prices Slide as Major Smelters Signal Earlier Restarts
Aluminum prices fell to their lowest level since February 19 after two major producers signaled earlier-than-expected output restarts. The m
Sodexo Raises Sales Outlook After Strong Quarter, Shares Jump 8%
Sodexo raised its full-year organic revenue growth outlook to 1.2%-1.5% after Q3 sales of €6.17 billion topped forecasts. The French caterer
Nvidia's DSX Plan: Token Credits Now, Revenue Share Later for AI Developers
Nvidia is testing a new way to sell computing power to AI developers. Under the DSX AI factories plan, startups can use token credits to acc
Japan Bond Yields Hit Mid-May High as Weak Auction and Fiscal Shift Rattle Markets
Japan's government bond yields hit their highest since mid-May after a weak auction, while the yen strengthened as traders watched for possi
European Stocks Edge Lower as AI Rally Pauses Ahead of US Jobs Data
European stocks edged lower as the AI-driven tech rally took a breather. Investors are waiting for the US June jobs report to gauge the next
Indian Rupee Slips as Central Bank Dollar Support Fades, USD/INR Breaches 95
The Indian rupee lost ground as central bank dollar sales faded, allowing USD/INR to breach the key 95 level. Arbitrage demand and stop-loss
Philips Faces Q2 Margin Squeeze from Inflation and Tariffs, Bernstein Says
Philips heads into its July 28th Q2 update with expectations of a profit margin squeeze from inflation and tariffs. Bernstein analysts see t
Ryanair Summer Fares Dip 4%, But Bookings Signal Possible Upside
Bank of America analysts estimate Ryanair's fiscal first-quarter fares fell 4% from last year, in line with the airline's guidance. However,
New Zealand Stocks Dip as Wall Street Chip Sell-Off and Weak Housing Data Weigh
The S&P/NZX 50 slipped 0.21% as a sharp drop in US semiconductor stocks rippled into Asian markets. New Zealand housing data added to the ca
Spain's AI Gigafactory Gets Telefonica, ACS, Santander Backing in Public-Private Push
Spain is launching a public-private partnership to build an AI gigafactory, with Telefonica, ACS, and Santander each taking a 15.67% stake.
FTSE 100 Set for Higher Open as Oil Eases, BoE Governor Dampens Rate Cut Hopes
The FTSE 100 is poised for a slightly higher open as falling oil prices ease inflation concerns. However, Bank of England Governor Andrew Ba