Public Markets 3d Briefing
×European Markets & Earnings
Ferrovial investing.com beat quarterly profit forecasts as a construction surge offset a road segment miss. Ocado ft.com plans to cut 1,000 jobs and restructure its technology unit, warning that earnings will be hit by the end of a prolonged period of capital investment. Indra investing.com shares spiked amid a ballooning order backlog, while Engie investing.com surged after a UK Power Networks deal and new financial targets. Eni investing.com beat fourth-quarter profit expectations on strong production, and Schneider Electric investing.com posted record revenue with CFO stepping down. WPP wsj.com reported its worst annual fall in key top-line metrics since the Covid-19 pandemic and projected further declines in 2026. Argenx SE investing.com swung to profit as Vyvgart sales doubled, while Gerresheimer investing.com tumbled 14% as Ba Fin widened an accounting probe and opened a new audit.
Asian Markets & Policy
Baidu wsj.com profit dropped as revenue decline continued, though Baidu investing.com later beat profit expectations in Q4 with revenue in line. Singapore's Grab finance.yahoo.com bets on AI and new services to triple profit by 2028. Shanghai bloomberg.com eased homebuying rules in the latest property relief. Hong Kong's top developer bloomberg.com profit rose as the market rebounded. Thailand bloomberg.com signaled its easing cycle may be near an end after a surprise rate cut. India bloomberg.com broadened rules for $385 billion stock funds to add gold, while Abu Dhabi bloomberg.com set to join the EM bond rush with a sale of dollar debt.
US Markets & Tech
Nvidia investing.com failed to rally after its "largest, cleanest beat" ever, perplexing analysts as AI fears shifted to the sector's destabilizing impact. Nvidia investing.com delivered a beat amid earnings season, but software stocks wsj.com suffered a $1.6 trillion meltdown over AI disruption concerns. Salesforce and Adobe were among companies hit hard. Amazon investing.com shares slipped amid a $12 billion Louisiana data center bet. Marathon's Richards bloomberg.com fears 15% direct loan software defaults. CECO Environmental bloomberg.com agreed to a $2.2 billion deal to buy Thermon. Teleperformance SE bloomberg.com became one of the first AI victims as bears targeted the call-center operator.
Banking & Finance
Allianz bloomberg.com CFO said the company will strive for outperformance, while Allianz investing.com profit guidance disappointed despite record 2025 results. Man Group bloomberg.com CFO expressed confidence about 2026 as assets hit a record. Axa's Buberl bloomberg.com acknowledged concern over private credit while saying exposure is low. Tikehau's Chabran bloomberg.com weighed in as private credit concerns rose. Jefferies Fund bloomberg.com was sued by investors over First Brands collapse. UBS investing.com raised UK gilt supply outlook on slower borrowing. BlackRock bloomberg.com said JGBs offer 6% yield with currency boost. Moody's bloomberg.com said South Africa's budget delivered strong performance.
Macro & Policy
The Federal Reserve may already be under a new Fed-Treasury accord, flipping mortgage bonds into shorter-term government bills as the Treasury plans to issue more. ECB's Lagarde bloomberg.com vowed to be "extremely attentive" on AI-driven job cuts. ECB's Lagarde bloomberg.com said Europe can still benefit greatly from AI. Japan bloomberg.com sees interest payments doubling by 2029 as the BOJ hikes rates. US tariff risks bloomberg.com spur African shift from dollar as companies explore greater use of China's renminbi. Supreme Court ft.com ruling on tariffs unleashed a wave of legal challenges. Lutnick bloomberg.com made a surprise trip to India after a US tariff setback.
Commodities & Energy
LPG prices bloomberg.com soared as a Saudi Aramco outage prompted ships to reroute. Oil prices investing.com steadied ahead of US-Iran nuclear talks. Russia and Iran bloomberg.com slashed prices to China as oil piles up at sea. Shell bloomberg.com is in talks with Adnoc and others over an LNG plant stake sale. Emirates Global bloomberg.com boosted aluminum sales to the US amid tight market conditions. US crude oil stockpiles wsj.com posted a large weekly build.
Property & Infrastructure
HK luxury home sales bloomberg.com will likely slow after a stamp duty hike before rebounding in the second half. HKEX wsj.com had a record year as Hong Kong reclaimed the IPO crown. South Africa bloomberg.com annual budget highlights showed debt peaking with tax relief. Kenya's shilling bloomberg.com defied EM currency volatility through foreign deals. UK property developer bloomberg.com profit rose as the market rebounds. Proxima Fusion ft.com won Bavarian state backing for a €2bn test plant.
Media & Telecom
LSEG bloomberg.com CEO said a £3 billion buyback is the "right amount" amid Elliott pressure. LSEG investing.com shares jumped 6% after FY25 profit surged and a $3.8 billion buyback was announced. Paramount wsj.com made a new bid that could open the door to beating Netflix's deal. Spirit Airlines wsj.com plans life after bankruptcy with a creditor deal. Verizon Communications finance.yahoo.com stock performance was analyzed against the communication services sector.
Automotive & Manufacturing
Stellantis ft.com warned of higher US tariff costs as it reported a €22 billion loss and faced fire for reviving combustion-engine models. Stellantis investing.com reported a heavy H2 loss after €22.2 billion EV charges while reiterating its outlook. Aston Martin investing.com posted weaker 2025 earnings and intends to cut up to 20% of staff. Puma bloomberg.com forecast another year of losses and scrapped its dividend as it clears unsold inventory.
Healthcare & Biotech
Sandoz wsj.com shares jumped on improved guidance after bumping up revenue thanks to biosimilar growth. UCB SA investing.com FY25 EBITDA jumped on Bimzelx surge. Drax bloomberg.com beat forecasts despite lower profit and impairment hit. Drax wsj.com posted record revenue with CFO to step down.
Market Sentiment & Strategy
Stock investors bloomberg.com are hedging a drop as strategists see a buy signal, with the S&P 500 stuck in a range for four months. Bears target Teleperformance as one of the first AI victims. Old-economy stocks bloomberg.com are looking pretty good as investors flee AI disruption. Emerging-market bonds bloomberg.com are becoming less sensitive to US Treasuries as investors focus on yield advantage. Bond traders bloomberg.com are betting on Fed rate cuts spilling into 2027.