Public Markets 3d Briefing
×Market Overview
The S&P 500 wsj.com fell premarket after initially responding positively to the Supreme Court's ruling against large swathes of Trump's tariff regime. Stocks whipsawed bloomberg.com while bonds fell alongside the dollar after the Supreme Court's rejection of Trump's tariffs. The placid surface of an equity market treading water bloomberg.com for months is masking dramatic swings underneath, as stock moves whipsaw traders. US stock futures wsj.com fell on tariff uncertainty as gold and silver prices climbed while bitcoin fell.
Currency & Commodity Markets
The dollar retreated investing.com amid renewed trade uncertainty while the euro and sterling edged higher. Morgan Stanley investing.com recommends buying Swiss franc as the standout safe haven amid market turmoil. UBS suggests tariff concern is just one factor bloomberg.com weighing on the dollar. Copper steadied bloomberg.com as traders weighed uncertainty around US trade policy and its potential impact on key trading partners including China. Copper rose for a second day as uncertainty around US tariff policy drove a decline bloomberg.com in the dollar. Oil prices fell wsj.com with the U.S. and Iran set to hold another round of nuclear talks, while uncertainty mounts over Trump's tariffs. Goldman Sachs investing.com lifted Q4 oil price forecast on tighter OECD inventories.
Corporate Moves
Goldman Sachs investing.com cut Rio Tinto to "neutral" after a 60% rally while Google's investing.com upgrade came as Wells Fargo cites widening AI capacity lead. The AI boom is helping Samsung and coming for Apple according to market analysts. Meta wsj.com is reporting abundant free cash flow but still borrows billions for AI investments. Novo Nordisk investing.com shares plunged after obesity drug falls short of rival in trial, with disappointing data sending shockwaves across equities in Denmark. Domino's Pizza investing.com beat revenue estimates as sales climb, logging higher revenue in its fourth quarter as same-store sales rose in the U.S. Barclays investing.com revised UK unemployment forecast higher amid easing labour market while Morgan Stanley investing.com lowered Icade to Equal Weight on lack of catalysts.
Global Trade Policy
The EU is poised to halt bloomberg.com the ratification process of its trade deal with the US as it awaits more details on the new tariff program from President Trump's administration. The European Union is due to halt investing.com