Public Markets 3h Briefing

Equities

U.S. stocks wsj.com tumbled as oil breached $100 a barrel, dragging global equities lower, but a modest rebound emerged after governments signaled strategic reserve releases.

Euro‑Zone Outlook

Investor confidence bloomberg.com in the euro‑zone sank amid the Iran war, prompting a sell‑off in risk assets. Meanwhile, the Gabler IPO bloomberg.com surged more than 13% on debut, underscoring appetite for defense makers.

Emerging‑Market Bonds

South African bonds bloomberg.com extended their steepest decline since the pandemic as a weaker rand and soaring oil stoked inflation fears. In neighboring Pakistan, the central bank Pakistan rates bloomberg.com held steady at 10.5% to shield the economy from the same oil shock.

Asian Markets

Asian energy bloomberg.com importers scrambled for alternatives after the Middle East conflict pushed crude above $100, tightening supply chains. The Philippine firms bloomberg.com warned of cost spikes that could erode profit margins as the peso hit a record low.

Commodities & Energy

Oil near $120 bloomberg.com ignited a rapid sell‑off across equities and sovereigns,