Public Markets 3h Briefing

Equity Movers

Citi investing.com upgraded Holcim to buy, citing 19% upside after a selloff tied to emissions trading system policies. Dow investing.com jumped 4.5% following a JPMorgan upgrade as oil prices surged. DHL investing.com shares rose after Barclays raised its rating to overweight and increased its price target by 26%.

Sector Pressures

Universal Music investing.com fell on weak margins and guidance concerns, highlighting pressure in the media sector. The broader AI sell-off investing.com is unfairly penalizing industrial software companies, according to one analyst. Big Tech bloomberg.com valuations are adjusting as AI euphoria gives way to skepticism.

Deals & Governance

BP wsj.com is asking shareholders to vote against a call for more disclosures, defending its capital allocation amid criticism over oil-and-gas spending. UBS investing.com cut Infineon to neutral, trimming its target on AI and China risks.

Macro & Sentiment

Credit traders bloomberg.com are rapidly unwinding massive bullish positions and shifting to hedges, a sign of growing risk aversion. Yardeni investing.com warned markets face a 10% correction, potentially reaching 15% if a Hormuz blockade persists.