Public Markets 3h Briefing

Global Market Turmoil

Stocks and bonds tumble ft.com as the widening Middle East conflict continues to unsettle investors. The Dollar surges investing.com higher, reclaiming its safe-haven status amid global uncertainty. Dow Futures drop wsj.com while oil prices climb as the Iran conflict reshapes market expectations.

Energy Market Shock

Qatar Shuts bloomberg.com the world's largest LNG facility after a drone attack, sending European natural gas prices soaring more than 20% according to market reports. The Strait of Hormuz wsj.com disruptions are expected to last weeks, with Rabobank lifting its outlook for European TTF prices to €50 euros per megawatt-hour. Japanese power futures jump bloomberg.com as the conflict threatens gas supplies, while Asia scrambles for alternatives bloomberg.com amid the ongoing war.

European Market Downturn

European stocks tumble bloomberg.com in their biggest two-day drop since April as energy prices surge and inflation concerns mount. The European Central Bank faces pressure as traders weigh a possible rate hike despite Villeroy's bloomberg.com statement that the ECB won't set rates based solely on energy prices. UK inflation concerns grow with food prices edging higher bloomberg.com, complicating the Bank of England's rate-cut plans.

Corporate Earnings & Outlooks

Naturgy shares fall investing.com 6% as BlackRock completes its stake exit. Beiersdorf sinks 15% after disappointing 2026 outlook investing.com on cost and FX pressures. The Nivea maker's struggles come as Schaeffler shares tumble investing.com 19% due to weak forecasts. Kuehne + Nagel cuts over 2,000 jobs amid a capacity glut bloomberg.com in the transportation market.