By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
RBI's $136B FX haul lifts rupee to two-month high, reserves near record
The rupee rose to a two-month high after the RBI pulled in $136.4 billion from one-off measures, lifting reserves to a record $729.3 billion
Inditex heads into earnings with strong summer sales but pricey stock
Inditex reports fiscal Q2 earnings on Sept. 9, with Bernstein forecasting sales growth of about 9.6%. But the stock's rich valuation means i
Asia stocks stall as Brent crude climbs to $97 a barrel
Asian stocks traded sideways as oil prices stayed elevated, with Brent crude rising 1.6% to $97.27 a barrel. Hong Kong and Japan closed mode
India Halts Alipay+ UPI Link Over Security Concerns
India has paused Alipay+'s plan to connect with UPI, citing national security concerns. The move affects cross-border payments for travelers
US stock futures flat as oil rises on Iran strikes, jobs report looms
US stock futures were nearly flat Thursday as investors weighed higher oil prices after fresh US-Iran strikes against easing Treasury yields
Malaysia stocks edge up as central bank holds rates at 2.75%
Malaysia's main stock index rose 0.4% after the central bank held its policy rate at 2.75%. A data center contract lifted Kerjaya Prospek sh
Honda targets $9.4B savings by squeezing suppliers, standardizing parts
Honda is leaning on suppliers for price cuts and standardized parts to save 1.5 trillion yen ($9.4 billion) over four years. The move could
Jet2 hedges 93% of fuel as summer 2026 bookings climb 8.8%
Jet2 says summer 2026 bookings are up 8.8% year on year, while it has hedged 93% of its annual fuel needs. The move helps protect margins fr
Italy's services sector hits 3.5-year high in August, PMI at 55.2
Italy's services sector expanded at its fastest pace in nearly three and a half years in August, with the PMI climbing to 55.2. Meanwhile, m
Yen's rally looks like BOJ rate-hike bets, not Tokyo intervention
The yen's recent surge is being driven by expectations of a Bank of Japan rate hike this month, not official intervention. A BOJ board membe
European stocks steady as bond selloff cools, oil stays above $90
European stocks ticked up Thursday as the global bond selloff cooled, with the STOXX 600 rising 1%. Investors are now focused on Friday's US
M&G posts £170m first-half loss but raises interim dividend
M&G reported a £170m loss for the first half, even as insurance revenue rose to £2.30bn. The insurer still increased its interim dividend, h