By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Zinc's rally stalls as stronger dollar outweighs tight supply
Zinc prices slipped Thursday after a six-day rally, as the stronger US dollar outweighed signs of tight supply outside China. The pullback h
Rand steadies near 15.95 as traders await inflation and Jackson Hole
The rand is trading around 15.95 per US dollar, with investors waiting for July producer inflation figures and the Jackson Hole central bank
Otovo signs $4.6M deals to buy solar firms in Hawaii and Norway
Otovo has signed non-binding letters of intent to buy PV Hawaii and Mr. Elektro for about $4.6 million. The deals would expand its solar ser
Nvidia's 70% Revenue Forecast Signals Strong AI Demand Through 2028
Nvidia's rare long-range forecast of 70% revenue growth next year and strong AI demand into 2028 sets a bullish tone for markets. Investors
Bank of Korea rate hike steadies won as Nvidia lifts chip stocks
The Bank of Korea raised its benchmark rate to 3.00% for a second straight meeting, helping the won firm to 1,377.40 per dollar. Nvidia's st
Eiffage and ID Logistics post steady results, easing France worries
Eiffage's half-year revenue rose 2.3% to €12.2 billion, while ID Logistics posted underlying EBITDA of €314.8 million. The steady updates of
Nvidia's AI forecast lifts China hardware stocks, Hong Kong dips
Nvidia's upbeat AI chip outlook spilled into Chinese markets, lifting onshore hardware and 5G stocks while Hong Kong's tech-heavy index dipp
Yuan Holds Near 6.72 as Traders Await Fed Chief's Jackson Hole Speech
The yuan held near 6.72 per dollar as traders positioned for Fed Chair Kevin Warsh's Jackson Hole speech. A weaker-than-expected PBOC midpoi
Nvidia's reported $12.9B Hugging Face deal targets AI's open-source heart
Nvidia reportedly agreed to buy Hugging Face for $12.9 billion, putting the chipmaker at the center of open-source AI. The deal would give N
Indian shares set to open higher as oil eases and Nvidia lifts tech
Indian shares are set to open higher after oil prices eased on signs of progress around the Strait of Hormuz, while Nvidia's upbeat results
Nikkei slips as chip stocks cool, but banks lift TOPIX
Japan's Nikkei 225 slipped on Thursday as chip-related stocks cooled, even as the broader TOPIX held up thanks to bank gains. Advantest, a k
HP's PC business squeezed by memory-chip costs despite revenue beat
HP beat revenue expectations in its latest quarter, but rising memory-chip costs squeezed its PC business margins. Shares fell 9% after hour