Public Markets 3h Briefing
×Market Moves
The S&P 500 bloomberg.com fell 1.2% marking its first two-week loss since June. Entrata bloomberg.com is working with Goldman Sachs and JPMorgan on an IPO. Oil Surge bloomberg.com on Iran conflict threatens Indian Rupee and stocks, pressuring aviation, paints, tires, and specialty chemicals. Bitcoin price investing.com slipped to $66k as risk-off sentiment surged.
Macro & Policy
Japan may intervene to buy yen bloomberg.com amid speculation. Emerging Market Currencies bloomberg.com slumped in Asia on Iran conflict and oil price fears. Treasuries Edge Lower bloomberg.com as haven demand waned. Singapore Dollar wsj.com weakened against USD.
Sector Updates
Australian LNG Shares bloomberg.com surged as Iran crisis hampered Hormuz supply. Aluminum Rises bloomberg.com on Middle East supply disruption risks. LNG Shipping Disruption wsj.com could reignite Asia-Europe competition.
Company News
Magellan Financial investing.com to acquire Barrenjoey for $1.1B in stock. SocGen Taps bloomberg.com UBS’s Cheung for APAC equity capital markets. Indonesia Central Bank intervened to support Rupiah.