Public Markets 3d Briefing
×Market Moves
The S&P 500 dropped 1.2% wsj.com in its worst week since June, reflecting broader risk aversion. Entrata wsj.com is advancing its IPO plans with Goldman Sachs and JPMorgan, signaling continued institutional interest in tech real estate. Copper prices held steady bloomberg.com as traders weighed US trade policy uncertainty, while gold gained momentum bloomberg.com amid dollar weakness and tariff fears. Asian stocks rebounded wsj.com, with South Korea and Taiwan hitting records despite persistent trade worries.
Deals & Corporate Actions
Enel bloomberg.com unveiled a $63 billion three-year plan, doubling down on renewables in the US and Europe while boosting shareholder returns. Rolls-Royce investing.com is seeking UK government support for a £3 billion engine project, aiming to re-enter the narrow-body market. Schroders ft.com committed to retaining Cazenove Wealth after its £9.9 billion acquisition by Nuveen, quelling immediate concerns about the UK firm's future. Saudi Arabian firms are pressuring ahead bloomberg.com with local listings, testing investor appetite amid volatile oil prices and geopolitical risks.
Market Reactions & Macro
Goldman Sachs bloomberg.com saw its stock rise as the Supreme Court’s tariff ruling boosted tech stocks, while Delta Electronics bloomberg.com became Thailand’s first $100 billion company. Thailand bloomberg.com’s finance minister highlighted the tariff reset’s potential to strengthen the country’s manufacturing appeal. Post NL investing.com cut its dividend by 43% for FY25, warning cash burn will persist in 2026.
Global Market Dynamics
Japan ft.com explored potential yen intervention amid tariff uncertainty, while Ecuador bloomberg.com eyed a $4 billion bond sale. Iran bloomberg.com and the US appeared set for talks, though the path to a new nuclear deal remained uncertain. China bloomberg.com and India bloomberg.com emerged as winners from the Supreme Court’s tariff reversal, with Chinese stocks rallying in Hong Kong. Bof A bloomberg.com noted Philippine firms were increasing FX hedging amid peso volatility.
Financial Sector & Economy
Morgan Stanley ft.com faced pressure as its $2 billion-a-week cost bill drew scrutiny. UBS investing.com projected the S&P 500 at 7,700 by December 2026, citing supportive market conditions. Private equity bloomberg.com continued its dry spell, with $3.8 trillion in unsold assets and fourth consecutive year of negative investor returns. Qatar Wealth Fund ft.com invested in a private credit firm run by former Goldman partners, while Schroders bloomberg.com vowed to retain Cazenove.
Market Outlook
Oil investing.com prices stabilized amid US-Iran nuclear talks and tariff uncertainty. Almirall investing.com reported a 2% FY25 growth, with its eczema drug Ebglyss tripling sales. Indian Infrastructure Lender bloomberg.com secured a $125 million loan, opening access to global capital. Core Weave investing.com’s B+ rating triggered a failed $4 billion data center financing, highlighting sector challenges.
Market Wrap
The tariff ruling reshaped global trade dynamics, with Thailand bloomberg.com and South Korea wsj.com benefiting from reduced duties. Singapore bloomberg.com and Taiwan bloomberg.com led Asian gains, though uncertainty persisted. Gold investing.com extended gains on fresh tariff jitters, while US stocks bloomberg.com futures dipped. The market’s focus remained on policy clarity and corporate execution.