Public Markets 3d Briefing
×Public Markets
The S&P 500 dropped 1.2% investing.com in its worst week since June, marking its first two-week loss. Entrata bloomberg.com is working with Goldman Sachs and JPMorgan on an IPO. Goldman Sachs’ David Solomon bloomberg.com discussed market reactions to the Iran attacks and his views on AI during an interview with Bloomberg’s Haidi Stroud-Watt. Japan may intervene to buy yen finance.yahoo.com amid speculation, while Ecuador bloomberg.com eyes a $4B bond sale. Goldman Sachs’ Solomon bloomberg.com is also watching credit markets for signs of "frothiness."
Deals & Finance
Francisco Partners bloomberg.com completed a $2.2 billion take-private of Jamf. Blackstone investing.com is positioning Liftoff Mobile for an IPO. Morgan Stanley investing.com to lay off 2,500 employees across the company. K Bank bloomberg.com shares surged in its debut as South Korean stocks rebounded after a record rout. Cracker Barrel wsj.com reported lower profits but CEO says turnaround efforts are taking shape.
Macro & Policy
The Philippines’ inflation rate rose for the third month in a row, putting the economy in a delicate position ahead of expected price surges from the Iran war. Malaysia’s central bank bloomberg.com will likely stand pat on borrowing costs. Singapore bloomberg.com is ramping up efforts to become a regional gold hub, tapping banks including JPMorgan and UBS. Indonesia’s credit outlook bloomberg.com was cut to negative by Fitch.
Geopolitics & Markets
Japanese stocks rebounded after a record selloff, buoyed by strong US economic data. US lawmakers finance.yahoo.com raised concerns over Intel’s testing of tools made by a Chinese-linked firm. Iran reportedly chose a new Supreme Leader yahoo.com with a familiar name. Taiwan’s chipmakers ft.com face pressure from AI cost inflation. Tesla finance.yahoo.com stock surged after a $965 million investment from Warren Buffett’s Berkshire Hathaway. Nvidia’s Jensen Huang finance.yahoo.com suggested demand for AI chips has "gone from very high to higher than that."
Market Sentiment
Gold pushed higher bloomberg.com amid the Middle East conflict, with the dollar declining. Bitcoin surged past $73,000 finance.yahoo.com as crypto’s volatility returned. Retail investors wsj.com kept buying through recent stock slides. Goldman Sachs’ Solomon bloomberg.com warned about potential "frothiness" in credit markets. The S&P 500 bloomberg.com fell 1.2% in its worst week since June.