By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Fitch Affirms China Galaxy Securities at BBB+ on State Support; Shares Rise 2%
Fitch reaffirmed China Galaxy Securities' BBB+ rating on June 26, pointing to potential support from state-owned Central Huijin. The broker'
BT and Verizon Form $4B Joint Venture to Serve Multinational Corporate Clients
BT and Verizon are pooling their international enterprise network units into a 50:50 joint venture. The deal targets multinational clients,
South African Markets Face Triple Test: Rand, Naspers, and T-Bill Auction
South African markets face a triple test Monday: foreign flows data, a Treasury bill auction, and Naspers full-year earnings. The dollar rem
ConvaTec's 2026 Profit Hinges on Second-Half Cost Control and Product Mix
Bernstein expects ConvaTec's adjusted operating profit margin to jump to 25.1% in the second half of 2026 from 20.9% in the first half. The
China Copper Smelters Resist Antofagasta's Push for Spot-Linked Processing Fees
Chilean miner Antofagasta wants to link long-term copper concentrate contracts to spot processing fees, which are deeply negative. Chinese s
Berenberg Cuts Persimmon Price Target as Build Costs Rise and Demand Softens
Berenberg cut its price target on Persimmon to £11.50, warning that rising build costs and soft demand will limit pricing power. The German
Indian Stocks Stall as US-Iran Ceasefire Update Fails to Ignite Rally
Indian stocks mostly paused Monday, with the Nifty 50 inching up 0.24% after a US-Iran ceasefire update. Losses in IT and small-cap stocks s
Japan Bond Yields Jump as Government Signals Pro-Growth Push to BOJ
Japan's 10-year government bond yield climbed 5 basis points to 2.645% after a report indicated the government could push the Bank of Japan
China Eyes First Sulphur Futures to Stabilize Fertilizer and Mining Costs
China is preparing to launch its first sulphur futures contract, potentially on the Dalian Commodity Exchange in the fourth quarter. The mov
Persistent Systems Unit Offers €81/Share to Take Nagarro Private at 140% Premium
Nagarro has agreed to an €81-per-share buyout from Persistent Systems' German subsidiary. The offer represents a 140% premium to the undistu
Samsung and SK Group to Unveil $1.4 Trillion Semiconductor Investment Plan
Samsung Group and SK Group are set to reveal a massive 10-year, 2,000 trillion-won semiconductor investment plan on Monday. The move aligns
Soybeans and Corn Slip as Traders Await Key USDA Acreage and Stocks Reports
Soybean and corn futures declined on Monday as traders trimmed risk ahead of the USDA's planted-acreage and quarterly grain-stocks reports.