Public Markets 3h Briefing
×Market Moves
Goldman Sachs bloomberg.com warned US equities face a "painful" path with the S&P 500 vulnerable to further pullbacks before a durable rebound. Energy shares bloomberg.com surged alongside oil futures, which rose sharply. Oil producers bloomberg.com rushed to hedge future revenue after crude's biggest jump since June, locking in prices following recent strikes.
IPOs & Listings
Sunbelt Rentals bloomberg.com debuted on the US stock market, tapping investor appetite for asset-heavy businesses. Separately, PayPay bloomberg.com and SoftBank are targeting up to $1.1 billion in the Japanese payments firm's US IPO, potentially the largest ever for a Japanese company on American exchanges.
Bank & Policy Watch
JPMorgan Chase bloomberg.com CEO Jamie Dimon labeled inflation the "skunk at the party" for the economy, echoing similar warnings from his recent conference appearances. He commented on market reaction bloomberg.com to the Iran situation and the broader credit cycle bloomberg.com, suggesting banks may pursue activities his firm avoids.