Public Markets 3d Briefing
×Market Moves
The S&P 500 dropped 1.2% investing.com in its worst week since June, while Entrata investing.com advanced toward an IPO with Goldman Sachs and JPMorgan. Jet2 Plc investing.com warned its FY27 profit could miss estimates by 10% due to Gatwick costs. European stocks gained momentum investing.com as HSBC-led earnings buoyed the FTSE 100 to a record close.
Corporate Activity
Francisco Partners bloomberg.com completed a $2.2 billion take-private of Jamf, while Blackstone yahoo.com positioned Liftoff Mobile for an IPO. Morgan Stanley wsj.com partnered with Entrata bloomberg.com on the same IPO, and JPMorgan Chase bloomberg.com backed Tycoon Richard Li’s bloomberg.com Bolttech in talks to acquire Money Hero. Diageo investing.com slashed its dividend after U.S. spirits rout, and Heidelberg Materials investing.com raised its 2026 margin target despite weak forecasts.
Macro & Policy
Japan may intervene to buy yen finance.yahoo.com amid speculation, while Thailand’s baht strength bloomberg.com likely underpinned a surprise rate cut. South Korea’s parliament bloomberg.com passed corporate reform bills ending treasury share practices, and Ecuador ft.com eyed a $4 billion bond sale. The Bank of Thailand unexpectedly lowered rates, and Hong Kong bloomberg.com planned to tap its currency peg fund for the first time in 40 years.
Regional Developments
Russia and Iran bloomberg.com offered deeper oil discounts to China as India retreated, and Nippon Steel bloomberg.com launched a $3.9 billion convertible bond to fund cheaper debt. Korea’s equity market bloomberg.com surged past France’s to become the world’s ninth-largest, and Hong Kong’s property market bloomberg.com saw a rebound after stamp duty hikes. China’s property rules eased bloomberg.com in Shanghai, and China’s solar manufacturer stocks finance.yahoo.com tumbled after U.S. duties.
Global Markets
Nvidia’s earnings investing.com dominated focus as U.S. Treasury yields edged up, and U.S. stocks bloomberg.com dipped on AI and tariff fears. Europe’s energy sector wsj.com rallied after British bills fell 7%, and Eurozone growth bloomberg.com was driven by domestic demand. Italy’s bond bankers bloomberg.com pushed for funding flexibility, and India’s solar stocks finance.yahoo.com tanked after duties. Spain’s housing crisis bloomberg.com pitted squatters against owners, and France’s defense industry