Articles by Daniel Marsh
Lockheed Martin Clarifies No Direct F-35 Talks with India, Deal Remains Distant
Lockheed Martin confirmed it is not engaged in direct discussions with India regarding the F-35 fighter jet, stating any potential deal must follow official U.S. government channels. India has not initiated a formal acquisition process for the advanced aircraft.
Geopolitics, Bank Earnings, and Inflation Data Set the Tone for Markets
Markets enter the week focused on geopolitical developments in the Middle East, a key slate of bank earnings, and fresh inflation data. The S&P 500 has nearly recouped losses from February's market shock.
ASX 200 Posts Weekly Gain Despite Friday Dip, Middle East Tensions Linger
Australian shares closed lower on Friday, trimming a robust weekly advance of 4.4%—the benchmark's best week since late 2022. Market sentiment remains cautious amid Middle East supply risks.
FTSE 100 Advances as Investors Monitor Fragile Middle East Truce Talks
London's FTSE 100 gained 0.38% on Friday as traders assessed potential progress in Middle East ceasefire talks. The FTSE 250 outperformed with a 0.79% rise.
BASF, Evonik Show Undervaluation as Commodities React to Data
DCF analysis suggests BASF and Evonik Industries are trading at significant discounts to intrinsic value. Corn futures dipped despite strong exports, while cotton rallied. Indian equities opened higher on global cues.
Mortgage Rates Retreat, Breaking Five-Week Ascent
The average 30-year fixed mortgage rate declined to 6.37% this week, ending a five-week streak of increases. Purchase applications rose slightly but remain below last year's levels.
Dow Rises on Geopolitical Calm, Amazon AI Surge; Inflation Fears Linger
The Dow Jones Industrial Average advanced 248 points Thursday, buoyed by easing Middle East tensions and a sharp drop in oil. Amazon led gains with a 4.3% rise following strong AI revenue figures, while traders scaled back expectations for Federal Reserve rate cuts.
Stocks Advance as Geopolitical Tensions Ease, Fed Minutes Signal Hawkish Stance
U.S. equities climbed Thursday, with the Dow Jones Industrial Average rising 337 points, as easing Middle East tensions tempered oil prices. Amazon shares lifted the market following strong AI revenue figures, while Federal Reserve minutes indicated a willingness to raise rates if inflation remains elevated.
Unilever Acquires Grüns to Expand US Wellness Portfolio Post-McCormick Deal
Unilever announced the acquisition of US greens supplement maker Grüns, advancing its wellness strategy shortly after its food unit merger with McCormick. Financial terms were not disclosed.
Hologic Completes $17.3B Private Equity Buyout, Almeida Named CEO
Blackstone and TPG have closed their $17.3 billion acquisition of Hologic, taking the company private. José Almeida succeeds Steve MacMillan as CEO, with former shareholders receiving $76 per share plus potential earnout.