Public Markets 3d Briefing
×Market Summary
Asian stocks bloomberg.com extended losses as tensions in the Middle East remained high. The S&P 500 futures fell further investing.com as Iran fears grew. Goldman Sachs bloomberg.com is gauging the impact of oil prices on Asian earnings, according to a recent report.
Deals & IPOs
LS Power bloomberg.com is looking to sell a stake in NRG Energy Inc. IAC wsj.com agreed to sell Care.com. Middle East conflict bloomberg.com is pressing IPO hopefuls to get deals done.
Energy & Commodities
Oil prices wsj.com held gains as the Middle East conflict escalated. Coal prices bloomberg.com jumped as the Qatar LNG halt boosted fuel-switching needs. Aluminum bloomberg.com dipped as investors awaited clarity on the Iran war.
Geopolitical Risks
Iran's attacks bloomberg.com are a "nightmare scenario" for Gulf countries. China bloomberg.com called on all sides to safeguard ships in the Strait of Hormuz. US-Israel strikes bloomberg.com on Iran were condemned by China.
Company News
Nidec Corp. bloomberg.com said it may book up to $1.6 billion in impairment charges related to an accounting scandal. Zurich Insurance wsj.com confirmed its $11 billion Beazley takeover. Thales investing.com beat profit forecasts.
Financial Markets
Bonds slumped bloomberg.com as soaring energy prices fanned inflation fears. Japan Post Insurance bloomberg.com plans to shift to high-yield bonds. South African stocks bloomberg.com are in a sweet spot as gold and the rand gain.
Regional Analysis
European defense companies wsj.com soared on the Middle East conflict. Hong Kong energy stocks investing.com rose as oil prices rallied. Asian banks bloomberg.com face risks in Gulf loans amid turmoil.
Economic Indicators
Turkey’s inflation bloomberg.com and Iran war risks are set to pause the rate cut cycle. Yuan bloomberg.com rallied. The dollar strengthened wsj.com after the attack on Iran.
Central Bank Actions
Indonesia bloomberg.com and India intervened to support currencies. The RBA Governor investing.com said a March rate hike is possible. Traders trimmed bloomberg.com BOE bets.
Other Notable News
OpenAI ft.com made changes to its Pentagon deal. Jack Dorsey's wsj.com latest bet is an AI future with fewer employees. Bavarian Nordic bloomberg.com CEO steps down.
Potential Market Impacts
A market frenzy wsj.com is lurking beneath the calm stock indexes. UBS ft.com was told to tone down lobbying. China's AI listings bloomberg.com boom leaves investors flying blind.
Specific Stock Movements
Fresnillo's earnings wsj.com jumped on higher precious metal prices. SMA Solar investing.com beat Q4 sales estimates. Netease investing.com shares rose on Hong Kong listing plans.
Political and Regulatory
Marcos bloomberg.com eyes power to cut oil taxes. Italy ft.com sets up a fight with Brussels over carbon costs. Trump's ambassador ft.com rebuked the head of the medicines watchdog.
Analyst Perspectives
Howard Marks bloomberg.com said investors should not let emotions cloud judgment. JPMorgan's Dimon bloomberg.com calls inflation risk the “skunk at the party.” A RANE analyst bloomberg.com sees a war of attrition starting.
Other Developments
Amazon data centers finance.yahoo.com were damaged by drone strikes. BYD stock finance.yahoo.com jumped on a "disruptive tech" teaser. Singapore bloomberg.com taps JPMorgan and UBS to push regional gold hub ambition.