Public Markets 3d Briefing
×Market Moves
The S&P 500 dropped 1.2% bloomberg.com in its worst week since June, reflecting persistent volatility. Entrata bloomberg.com is working with Goldman Sachs and JPMorgan on an IPO, signaling continued deal activity. Taiwan's Foxconn finance.yahoo.com warned all stakeholders will feel the impact of the prolonged Iran conflict. Japan bloomberg.com may intervene to buy yen as speculation mounts, while Ecuador bloomberg.com eyes a $4B bond sale return. Goldman Sachs bloomberg.com noted non-payment in private credit remains low, contrasting with broader market stress.
Corporate Developments
Lufthansa wsj.com posted in-line earnings on lower costs and increased passengers, carrying 135 million passengers last year. Pfizer bloomberg.com secured China approval for an obesity drug, heightening competition. Morgan Stanley bloomberg.com downgraded Indian stocks, reflecting foreign outflows amid Middle East tensions. Japan bloomberg.com’s ICTSI continues acquisition searches despite conflict. South Korea’s SK Group bloomberg.com faces potential $235M deal scrutiny. India bloomberg.com seeks clarity on US Strait of Hormuz insurance.
Market Trends
Emerging markets bloomberg.com equities and currencies face their worst weekly decline since 2020. Asian stocks wsj.com are mixed as oil retreats, though the region remains vulnerable to Middle East disruptions. China’s markets bloomberg.com weathered turmoil better than peers, though Philippine inflation bloomberg.com risks exceeding targets due to oil. Global funds bloomberg.com pulled money from Asia at the fastest pace in four years. Turkey bloomberg.com spent $12B defending the lira, while Qatar bloomberg.com leases LNG tankers as export facilities shut.
Geopolitical Tensions
Israel bloomberg.com launched a "broad" wave of attacks on Iran, escalating regional conflict. Iran bloomberg.com targeted five Mideast countries, urging shelter. US submarines bloomberg.com strike Iranian warships in the Indian Ocean, threatening India’s strategy. Gulf shipping bloomberg.com in the Strait of Hormuz nears total halt. UK ft.com and Japan bloomberg.com brace for energy shocks, while Poland ft.com delays rate cuts. Russia bloomberg.com may boost oil income as Hormuz disruptions benefit Moscow.
Macro & Policy
US oil waiver bloomberg.com may ease crude prices, though elevated oil bloomberg.com and chip woes pressure Asian stocks. IMF bloomberg.com warns a 10% oil rise could add 40bp to global inflation. Philippine Central Bank bloomberg.com cautions $100 oil may breach inflation targets. EU leaders bloomberg.com push for power price measures, while Germany bloomberg.com faces LNG competition. Canada bloomberg.com’s Teck hikes prices on silver and germanium.
Financial Markets
Private credit bloomberg.com fundamentals remain resilient, per Goldman Sachs bloomberg.com. Emerging currencies bloomberg.com underperform as oil dependence is exposed. S&P 500 wsj.com futures fell on inflation fears. Bitcoin investing.com retreated to $70k amid conflict but set for weekly gain. Gold bloomberg.com tumbled on dollar strength. Japan bloomberg.com’s JGBs fell as dollar strength offset war premiums. Ecuador ft.com eyes $4B bond sale return. S&P 500 ft.com ended lower, marking first two-week loss since June.