Public Markets 3h Briefing
×Market Moves
The S&P 500 investing.com dropped 1.2% in its worst week since June, signaling renewed investor caution. Entrata bloomberg.com is working with Goldman Sachs and JPMorgan on an IPO, highlighting continued deal activity. Oil prices steadied bloomberg.com ahead of nuclear talks between the US and Iran, as escalating Middle East tensions prompted producers to ramp up exports. Momentum Midstream explores a $5B sale bloomberg.com, potentially fetching over $5 billion for its gas pipeline assets.
Energy & Commodities
Core Lithium sold ore stockpiles to Glencore bloomberg.com, raising cash to support a potential restart of its idled Finniss mine in Australia. Exxon Mobil and Chevron boosted production in response to elevated prices and geopolitical risks.
Technology & Innovation
Nvidia beat bubble fears with $68B sales wsj.com, driven by surging demand for AI infrastructure. Zoom gave a weaker profit outlook bloomberg.com, acknowledging higher costs amid aggressive product expansion. Tech stocks rose on AI optimism finance.yahoo.com, with Nvidia leading the charge.
Corporate Activity
Blue Scope Steel rejected a revised takeover bid bloomberg.com from Steel Dynamics, calling it inadequate but remaining open to a better offer. Engie agreed to buy UK Power Networks ft.com in a £10.5bn deal, expanding its European footprint.
Macro & Policy
Japan may intervene to buy yen amid speculation about potential currency market disruptions. Ecuador eyes a $4B bond sale bloomberg.com to fund infrastructure projects, aiming to return to capital markets after a hiatus.
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