Public Markets 3d Briefing
×Market Moves
The S&P 500 bloomberg.com flipped its underperformance to outpace global peers as the Middle East conflict persisted. European shares bloomberg.com headed for their steepest weekly drop since April, while Thai stocks bloomberg.com plunged the most in six years. Gold bloomberg.com was set for its first weekly loss in over a month as a stronger dollar offset its traditional safe-haven appeal. Oil wsj.com was on track for its biggest weekly gain since the early Ukraine war, pressuring equities. The dollar investing.com was poised for hefty weekly gains amid the escalation.
Deals & IPOs
Axel Springer ft.com gatecrashed a takeover battle with a £575 million deal to buy the Telegraph. Entrata ft.com is working with Goldman Sachs and JPMorgan Chase on a potential initial public offering. SpaceX bloomberg.com added Citigroup to the bank lineup for its upcoming IPO as the company moves closer to going public. German defense firm Vincorion bloomberg.com announced plans for a Frankfurt IPO to tap investor appetite for defense stocks.
Geopolitical & Sector Impacts
Shipping giants Maersk investing.com and Hapag-Lloyd temporarily suspended key Middle East routes, disrupting trade flows. Reinsurers bloomberg.com began issuing seven-day cancellation notices on marine war-risk coverage following a US strike on an Iranian warship. Credit traders bloomberg.com swiftly unwound tens of billions in long positions and jumped into hedges. Direct lenders bloomberg.com have taken control of nearly 150 companies in Europe as firms struggled with debt burdens. US gasoline prices bloomberg.com jumped to the highest level of Trump’s presidency as conflict disrupted energy supplies. Citi’s bloomberg.com Stuart Kaiser noted equity markets have maintained a high bar for bad news during the initial war days. Goldman Sachs bloomberg.com warned of a potential correction but stated nothing systemic is expected. Switzerland bloomberg.com aims to continue US trade talks despite the Supreme Court scrapping the legal base for most Trump tariffs.
Corporate Earnings & Actions
Berkshire Hathaway wsj.com resumed buying back its own stock, a sign of confidence from the conglomerate. Burlington Stores wsj.com reported higher profit as consumers sought value. Kroger wsj.com posted higher profit but gave a cautious full-year forecast. Target wsj.com plans to open more than 30 stores this year as part of a turnaround strategy. Abercrombie & Fitch investing.com beat estimates, sending shares higher. Lufthansa investing.com shares jumped after 2025 earnings offset core airline weakness. Embraer bloomberg.com topped estimates and set ambitious 2026 guidance.
Market Sentiment & Analysis
BofA’s investing.com Michael Hartnett flagged asset winners and losers from a prolonged Iran war. Soros Fund Management’s bloomberg.com Dawn Fitzpatrick said markets face a painful 18 to 24 months. BTIG bloomberg.com joined Goldman Sachs and Citadel Securities in making bullish stock calls. Investors investing.com are pricing in a 10% market correction, potentially up to 15% if a Hormuz blockade holds. The PBOC bloomberg.com vowed to support yuan stability and insulate markets from war-driven volatility. China’s bloomberg.com finance minister pledged to root out wasteful spending, sending a message of frugality.