By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Nikkei jumps 2.28% as chip stocks lead Tokyo higher
Japan's Nikkei jumped 2.28% as chip stocks led the rally, with Advantest and Tokyo Electron among the biggest gainers. Banks and gaming shar
Dollar slips as oil inflation fears and firmer yen offset Fed hike odds
The dollar slipped in thin holiday trading even as futures markets put September Fed hike odds near 57%. Oil-linked inflation nerves and a f
Japan's record FX intervention drains reserves to defend the yen
Japan's foreign reserves dropped by a record $79.6 billion in August after the government spent 15.4 trillion yen to support the yen. The mo
UK minister to meet JLR CEO as carmaker targets £1.7bn savings
Jaguar Land Rover is aiming for £1.7 billion in savings and a voluntary redundancy program over two years. UK minister Jonathan Reynolds wil
El-Erian: Bond Yields to Stay High on Supply, Not Fed Doubts
Economist Mohamed El-Erian says heavy Treasury issuance and fewer reliable buyers are pushing bond yields higher, not inflation or Fed credi
Nscale lines up $3.5B ahead of IPO, with Nvidia in talks for $2B
Nscale, an AI compute provider, is lining up about $3.5 billion ahead of a possible IPO. The funding includes convertible notes led by Third
Guidewire, Lululemon, Tesla tumble on weak outlooks and safety probe
Guidewire, Lululemon, and Tesla dropped sharply on weak outlooks and a new US auto-safety inquiry into Tesla's Cybercab. The selling came wi
Samsara's AI tools gain traction with big customers, RBC raises outlook
RBC Capital Markets raised its fiscal 2027 revenue growth forecast for Samsara to 26% from 24% after seeing a more than fourfold jump in usa
DocuSign's IAM push lifts Q2 beat, raises 2027 ARR outlook
DocuSign's fiscal Q2 results beat expectations, and RBC raised its fiscal 2027 ARR growth outlook to 8.5%-9.0%. Management sees IAM reaching
Sandoz investors seek post-2028 growth plan at capital markets day
Sandoz heads into its Sept. 8 capital markets day with investors wanting more than a repeat of current goals. RBC expects fresh midterm targ
Latin American Markets Slip as Fed Rate Hike Bets Climb to 60%
Latin American stocks and currencies fell after a stronger-than-expected US jobs report boosted the odds of a September Fed rate hike to 60%
ICOP won't overpay for Trevi after Webuild's cash bid
Italian underground engineering group ICOP says it won't chase Trevi 'at any cost' after Webuild's rival cash bid. The CEO says the all-shar