Public Markets 3d Briefing
×Earnings & Movers
Home Depot wsj.com reported lower fourth-quarter profit as high interest rates and a stagnant housing market weighed on home improvement activity. Keurig Dr Pepper investing.com shares rose after an earnings beat and strong guidance, with net sales in its U.S. refreshment segment up 12%. AMD investing.com stock surged 14% on a Meta AI partnership deal, while Novo Nordisk investing.com continued its selloff amid rating downgrades and Eli Lilly investing.com fell 2% on plans for price cuts. Leonardo DRS investing.com gained on an earnings beat and strong revenue guidance, contrasting with Fresenius Medical Care wsj.com which dropped after an underwhelming outlook.
Macro & Markets
Bond markets are seeing a shift in sentiment, with JPM’s Bob Michele bloomberg.com describing a "perfectly priced market" and seeing tailwinds, even as US Treasury bloomberg.com gains fizzle with the key yield near 4%. Mexico inflation bloomberg.com picked up more than expected in early February, driven by new taxes and tariffs. The US futures wsj.com edged up as new tariffs kicked in, while TSX futures investing.com edged lower with bank earnings and a gold decline in focus. JPM’s Priya Misra bloomberg.com noted a market "plateau of uncertainty" on tariffs.
AI & Tech Deals
The AI infrastructure buildout is driving major chip deals. Meta ft.com agreed to a multibillion-dollar chip deal with AMD finance.yahoo.com, announcing a 6-gigawatt GPU pact as part of its AI buildout. This follows AMD's surge on the Meta partnership. Separately, Samsung investing.com rally nears 200% as AI chip demand accelerates. The trend is channeling billions into AI infrastructure, from OpenAI to Nvidia finance.yahoo.com, while some analysts warn AI curbs investing.com could redistribute market gains and software stocks bloomberg.com face persistent pressure from disruption fears.
Global & Sovereign
Gabon bloomberg.com risks default amid IMF program uncertainty, Fitch warns. Iranian oil loadings wsj.com soared to multiyear highs as regional risks intensify ahead of U.S. talks. West African crude bloomberg.com is hammered by high freight costs and spread pressure. In Europe, European banks bloomberg.com tell the ECB they expect to benefit from AI, while UK plans investing.com to regulate streaming services like Netflix with new safety rules. China internet and auto stocks investing.com are dragging the market lower, even as Deutsche Bank's CIO bloomberg.com says China is more attractive with rising inflows.
Corporate & Debt
Swiss bond bloomberg.com sales could top 25 billion francs this year, boosted by Alphabet’s debut. UBS cuts investing.com Elia Group to "neutral," and also cuts Galenica investing.com to "sell" over a Swiss OTC drug rule change. Barclays investing.com cuts Rio Tinto to "equal weight" on iron ore and valuation pressure. CECO Environmental bloomberg.com nears a $2.2 billion deal for Thermon. Satellite operator Eutelsat bloomberg.com seeks €1.5 billion to refinance debt after a government rescue. JPMorgan bloomberg.com will remove the wealthy UAE from its emerging-market bond indexes.
Other Notable Moves
Digital Ocean investing.com surged on an earnings beat and raised outlook. Roku wsj.com ended a three-year profit slide on new ad deals and cost cuts. Planet Fitness wsj.com posted higher profit and revenue and forecasts 9% growth in 2026, though shares dipped. Conva Tec wsj.com led FTSE 100 gainers on higher revenue and a raised outlook. Saks Global bloomberg.com CEO says top brands are shipping despite bankruptcy. Singapore Airlines wsj.com posted record revenue but net profit slumped, while Singapore Air bloomberg.com separately saw operating profit jump 26%.