Public Markets 3d Briefing
×Markets& Deals
The S&P 500 finance.yahoo.com dropped 1.2% in its worst week since June, marking its first two-week loss since June. Entrata bloomberg.com is working with Goldman Sachs and JPMorgan on an IPO, highlighting continued M&A activity despite market volatility. Cathay Pacific bloomberg.com and Orient Overseas International bloomberg.com are set to report earnings next week, with investors closely monitoring how escalating US-Iran tensions impact regional operations. Blackstone bloomberg.com is positioning Liftoff Mobile for an IPO, signaling continued private equity activity in the public markets.
Macro & Policy
Japan may intervene to buy yen wsj.com amid speculation over potential central bank actions. Ecuador wsj.com is eyeing a $4B bond sale return, reflecting ongoing sovereign debt dynamics. Asia wsj.com is in a strong position to weather higher oil prices, according to ANZ, though Vietnam bloomberg.com's trade deficit narrowed while exports and imports both grew less than expected. Indonesia bloomberg.com is looking to reduce air-con usage ft.com as part of energy-saving measures amid Middle East tensions.
Corporate Activity
Morgan Stanley bloomberg.com is adopting a more cautious stance on Asian equities, trimming its India exposure due to concerns over potential supply chain disruptions from the Iran war. Goldman Sachs bloomberg.com and JPMorgan Chase bloomberg.com are involved in Entrata's IPO process. Cathay Pacific and Orient Overseas face scrutiny over Middle East volatility impacts on earnings. Sushiro bloomberg.com parent company Food & Life bloomberg.com fell sharply after a Beijing food safety inspection, underscoring regulatory risks in China.
Geopolitics & Commodities
Brent crude bloomberg.com hit a 16-week high bloomberg.com as risk-off sentiment grew, driven by escalating US-Iran tensions. Goldman Sachs bloomberg.com sees a 100-dollar Brent scenario bloomberg.com as "possible" if the Strait of Hormuz experiences prolonged disruption. Morgan Stanley bloomberg.com highlighted the oil market's lack of confidence bloomberg.com in US security measures protecting tankers in the Strait of Hormuz. Saudi Arabia bloomberg.com raised Asian oil prices for April, the most since August 2022, amid the Hormuz disruption. Iran war bloomberg.com oil shock threatens to unleash global inflation bloomberg.com, with Europe bloomberg.com facing significant energy price pressures. Asia’s reserves bloomberg.com are positioned to defend currencies as energy prices rise, though traditional safe havens bloomberg.com like gold and Treasuries offered no refuge this week. Gold investing.com is set for a weekly loss bloomberg.com as dollar strength offsets war premium, though geopolitics bloomberg.com and macro backdrop remain supportive.
Financial Markets
Bond traders bloomberg.com are scouring jobs data bloomberg.com to gauge the Fed path amid the oil shock, with options traders increasingly betting on no rate cuts this year. US stock futures bloomberg.com were steady after Wall Street extended a selloff on oil spikes. Goldman Sachs investing.com noted commercial insurers are best positioned for AI, upgrading AIG. Bond traders bloomberg.com see increasing chance of no Fed cuts this year. Emerging-market volatility bloomberg.com surged above developed peers for the first time since May. Goldman Sachs bloomberg.com said the dollar is heading for its best week in over a year after the Iran strike triggered a flight to safety.
Corporate Developments
Marriott wsj.com is evaluating tariff refunds wsj.com as second-quarter revenue rose, potentially passing savings to consumers. Nike wsj.com will record a $300M charge from cost-cutting efforts, primarily severance costs. Robinhood wsj.com launched a $695-a-year credit card targeting superspenders in a crowded market. Morgan Stanley investing.com laid off 2,500 employees across the company. Marathon wsj.com raised sales view on AI developer spending on data centers. Oracle finance.yahoo.com planned thousands of job cuts amid an AI cash crunch. Amazon finance.yahoo.com and Apple bloomberg.com are among the companies targeting AI chip exports ft.com to foreign investment pledges. JPMorgan Chase bloomberg.com’s co-head of shareholder engagement Porretti departed bloomberg.com. Blackstone bloomberg.com executives had a decision to make regarding its flagship private credit fund under pressure. BlackRock bloomberg.com’s Samara Cohen bloomberg.com discussed public markets and tokenization. Fed wsj.com officials attacked a rare-disease drug company, alleging fraud. SEC bloomberg.com ended its case against crypto billionaire Justin Sun. US Treasury ft.com granted India a temporary waiver to import Russian oil. Trump bloomberg.com called on Iranians to take back their country, while Iran’s foreign minister ft.com stated the country is not seeking a ceasefire. Petrobras bloomberg.com topped estimates on robust oil production. Sushiro bloomberg.com parent Food & Life bloomberg.com fell sharply after a Beijing food safety inspection. Cathay Pacific bloomberg.com and Orient Overseas bloomberg.com face Middle East volatility scrutiny. Vietnam bloomberg.com’s trade deficit narrowed but exports and imports underperformed. Morgan Stanley bloomberg.com downgraded Indian stocks, citing Middle East conflict-driven selling. Morgan Stanley bloomberg.com adopted a cautious stance on Asian equities. Ecuador bloomberg.com eyes a $4B bond sale. Asia wsj.com is positioned to weather higher oil prices. Japan bloomberg.com may intervene to buy yen. Morgan Stanley bloomberg.com is trimming India exposure. Cathay Pacific bloomberg.com and Orient Overseas bloomberg.com report earnings next week. Sushiro bloomberg.com parent Food & Life bloomberg.com fell after a Beijing inspection. Morgan Stanley investing.com is positioning Liftoff for an IPO. Entrata yahoo.com works with Goldman Sachs and JPMorgan on an IPO. Morgan Stanley bloomberg.com downgraded India. Cathay Pacific bloomberg.com and Orient Overseas bloomberg.com face Middle East volatility. Sushiro bloomberg.com parent Food & Life bloomberg.com fell after a Beijing inspection. Morgan Stanley bloomberg.com is cautious on Asian equities. Cathay Pacific bloomberg.com and Orient Overseas bloomberg.com report earnings next week. Sushiro bloomberg.com parent Food & Life bloomberg.com fell after a Beijing inspection. Morgan Stanley bloomberg.com is trimming India exposure. Cathay Pacific bloomberg.com and Orient Overseas bloomberg.com face Middle East volatility scrutiny. Sushiro bloomberg.com parent Food & Life bloomberg.com fell after a Beijing food safety inspection. Morgan Stanley bloomberg.com is cautious on Asian equities. Cathay Pacific bloomberg.com and Orient Overseas bloomberg.com report earnings next week.