Public Markets 3h Briefing
×Market Sentiment
Hedge funds bloomberg.com sold global equities at their fastest pace since April, according to Goldman Sachs traders. Citi analysts investing.com remain bullish on stocks despite strong Q4 results, while Bof A warns investing.com that CTA unwind risk remains elevated.
Tariff Uncertainty
Wolfe analysts investing.com break down key questions swirling around Trump's new tariff plans as markets grapple with uncertainty. JPMorgan's Misra bloomberg.com says the market faces a "plateau of uncertainty" on tariffs, while Fed's Waller investing.com signals openness to holding rates if February jobs data shows strength.
Sector Moves
Airbus investing.com was downgraded on A320 and A350 program execution risks. Merck ft.com splits operations to separate oncology from non-cancer drugs ahead of Keytruda's 2028 patent expiry. Spanish banks investing.com were upgraded as Deutsche Bank sees net interest income recovery and higher returns on tangible equity.
Commodity Markets
Russian oil bloomberg.com is trading at its deepest discount since 2023 due to Western sanctions. West African crude bloomberg.com prices are hammered by high freight costs and unfavorable spreads. Gold-like Swiss franc bloomberg.com may surge 17% as Morgan Stanley strategists cite growing haven demand.
Pre-market Activity
S&P 500 futures bloomberg.com declined 0.4% as trade policy uncertainty clouds sentiment. Novo Nordisk investing.com and Netflix fell premarket while Eli Lilly and Domino's Pizza rose. Uber ft.com launched autonomous vehicle services as part of its robotaxi push.
International Developments
Bangladesh's new government bloomberg.com plans to revise its Adani Power deal to seek lower prices. EU hub bloomberg.com received its first Indian fuel shipment since new Russian sanctions began. European gas prices wsj.com fell on easing supply concerns despite Middle East tensions.
Company News
Loblaw wsj.com announced a $1.75 billion investment plan for new stores and renovations. UBS investing.com cut Valiant to "neutral" saying stock gains absorbed upside potential. Estée Lauder bloomberg.com CEO signaled openness to more M&A as the company seeks to rebuild profitability.
Technology & AI
Evercore investing.com singles out eight AI stocks with resilient business models. Jefferies investing.com prefers four software stocks after the apps reset. Google investing.com was upgraded by Wells Fargo citing widening AI capacity lead. These two chip stocks investing.com are new top picks at Citi.