By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Australian shares slip below 9,000 as oil lifts rate-hike bets
Australian shares slipped below 9,000 as rising energy costs revived inflation fears and boosted bets on another RBA rate hike. Banks and he
Longsys prices Hong Kong IPO at HK$236, raising HK$6.8 billion
Shenzhen Longsys Electronics priced its Hong Kong IPO at HK$236 a share, near the top of its range, raising HK$6.8 billion. The chipmaker de
Gold edges up as dollar slips ahead of key US inflation data
Gold edged higher as the dollar slipped, with investors awaiting key US inflation data. The PPI and CPI reports could shape expectations for
Cosol's turnaround shows in EBITDA despite goodwill hit
Cosol's second-half EBITDA climbed to AU$6.3 million as improved sales capacity and cost cuts took effect. However, a goodwill impairment pu
Poste Italiane boosts Telecom Italia bid to €11.35B with share option
Poste Italiane has sweetened its takeover bid for Telecom Italia to €11.35 billion, adding a share-for-share option. The move comes with Fri
BIC targets 3% annual sales growth through 2030 with Africa and Asia push
BIC outlined a strategy to grow organic sales by 3% annually through 2030, leaning on Africa and Asia. The pen and lighter maker also target
Novartis trial setback drags Swiss stocks lower
Swiss stocks slipped Monday as Novartis shares fell 3.18% after a late-stage drug trial failed to meet its main goal. The broader market dip
AI memory demand drives up gadget prices, ending years of falling costs
AI's spending boom is driving up memory chip prices, and consumers are feeling it. DRAM prices have quintupled in a year, pushing up gadget
AI's debt binge is pushing up long-term Treasury yields
Big Tech's AI buildout is flooding the bond market with new debt, adding to the forces pushing long-term Treasury yields higher. The 30-year
Wistron raises $1.48B via global depositary shares to fund AI-driven expansion
Wistron, a key Nvidia supplier, is raising up to $1.48 billion by selling global depositary shares overseas at a 4%-5.8% discount. The funds
Jahez sales beat fails to stop United Securities sell rating cut
Jahez's second-quarter revenue jumped 34.5% to SAR 763 million, but a much larger-than-expected loss led United Securities to cut the stock
FTSE 100 slips as oil near six-week highs and US rate hike odds climb
The FTSE 100 slipped 0.1% as oil prices stayed near six-week highs and US rate hike expectations firmed. Energy giants BP and Shell rose, bu