By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
BYD first-half profit falls 21% on weak EV sales, FX losses
BYD reported a 21% drop in first-half profit to 12.3 billion yuan, citing weaker new energy vehicle sales and foreign-exchange losses. The c
Longsys opens Hong Kong IPO order book, targets HK$6.3 billion
Shenzhen Longsys Electronics has opened the order book for a Hong Kong IPO that could raise up to HK$6.3 billion. Lenovo and 14 other corner
MSCI India Rebalance Meets New Closing Auction: What to Watch
MSCI's quarterly index changes will be implemented at Monday's close, coinciding with India's new closing auction. Traders expect unusually
Rupee faces double hit as Fed hints at hikes and oil nears $90
The rupee is expected to open weaker after Fed Chair Warsh signaled possible rate hikes, boosting the dollar, while Brent crude climbed towa
Dollar Holds Near Highs as Warsh Warns Fed May Hike Again
The dollar held near a two-week high after former Fed governor Kevin Warsh warned that inflation could force another rate hike. Traders now
US restaurant sales rise 1.7% as diners spend more despite fewer visits
US restaurant chains grew sales in the second quarter even as fewer people visited, according to UBS. Traffic fell 1.9%, but higher spending
Truist Sees Korn Ferry Riding a Rebound in Executive Search
Truist lifted its earnings and revenue estimates for Korn Ferry, expecting a second-half pickup in executive search demand. The bank says AI
Chip stocks slide as US weighs narrower AI export rule
Chip stocks slid Friday after The Information reported the US Commerce Department is drafting a narrower rule to close a loophole. The looph
Gentex's growth plan wins UBS's cautious nod, but margins keep rating neutral
UBS reiterates a neutral rating and $25 price target on Gentex, acknowledging the mirror maker's new tech roadmap is plausible but flagging
FTSE 100 Steady as Warsh's Hawkish Tone Boosts September Rate Hike Odds
The FTSE 100 edged up 0.3% on Friday, finishing the week nearly flat, while traders raised the implied probability of a September US rate hi
Swiss stocks edge higher as KOF barometer signals brighter outlook
Swiss stocks edged higher as the KOF Economic Barometer rose to 106.7 in August, signaling improved momentum. Roche slipped after ending a p
FTSE 100 edges higher as Iran tensions keep energy stocks in focus
London's FTSE 100 closed up 0.22% on Friday, with energy stocks in focus amid the Iran conflict. Investors also weighed easing UK household-