Public Markets 3d Briefing
×Equities Under Pressure
FTSE 100 bloomberg.com is projected to slip as the global sell‑off stretches into a third straight day, while Asian stocks nytimes.com tumbled on the back of oil breaching $110 a barrel. In Japan, the fear gauge bloomberg.com surged to its highest level since the 2020 Covid crisis, reflecting heightened anxiety over the oil shock. Across emerging markets, the EM stocks bloomberg.com index fell more than 10% from its recent peak as investors fled riskier assets. In the United States, veteran strategist Yardeni bloomberg.com raised the probability of a market melt‑down to 35% after the latest jobs data missed expectations and oil kept climbing.
Bond Market Turmoil
The global bond bloomberg.com sell‑off deepened on Monday as oil‑price spikes stoked stagflation fears, prompting a sharp rally in inflation‑linked securities. In China, sovereign bonds bloomberg.com slumped as the surge in crude prices fed concerns over imported inflation. Meanwhile, U.S. Treasuries posted their worst week since April bloomberg.com, with yields spiking amid the same energy‑price shock. Investors turned to inflation hedges bloomberg.com in the bond market, piling into Treasury Inflation‑Protected Securities as the war‑driven price surge persisted. Ahead of the upcoming consumer‑price report, bond traders bloomberg.com are bracing for further volatility, noting that oil’s trajectory will dominate the inflation narrative.
Commodities, Currency and Crypto
Oil’s ascent past $100 a barrel has reverberated across markets; analysts warn the oil price surge ft.com could upend the global economy if it remains unchecked. The dollar bloomberg.com strengthened on safe‑haven demand as the conflict in the Middle East intensified, while gold bloomberg.com extended its decline under the weight of a firmer greenback. In the digital‑asset arena, Bitcoin bloomberg.com slipped to a seven‑day low as traders fled riskier positions amid the oil rally. The broader commodity market saw oil top $100 bloomberg.com for the first time since 2022, dragging U.S. stock futures lower in the early trade.
Corporate Moves and M&A Outlook
Swiss bank UBS bonus bloomberg.com pool rose 10% for 2023, keeping CEO Sergio Ermotti’s compensation unchanged as the Credit Suisse integration nears completion. In the life‑science sector, Agilent bloomberg.com announced a $950 million cash acquisition of Biocare Medical, expanding its portfolio of cancer‑research instruments. However, the broader deal‑making climate remains fragile; dealmakers bloomberg.com caution that the Iran war is stalling M&A activity, with due‑diligence delays and financing uncertainties mounting. Even as some firms push ahead, the overall M&A pipeline is expected to lag behind pre‑war expectations.