Public Markets 3h Briefing
×Market Performance
Active and value strategies bloomberg.com are outperforming as market volatility persists. The S&P 500 ended the week lower bloomberg.com amid trade uncertainty and sector rotation. European private lenders wsj.com saw shares tumble as fears intensified over underlying holdings.
Fixed Income & Rates
30-year mortgage rates investing.com dipped below 6% for the first time since 2022, providing relief to homebuyers. Eversource Energy bloomberg.com raised $1.5 billion from its first hybrid bond sale to refinance debt. Exchange Income Corp. bloomberg.com is preparing its first bond sale, targeting up to C$500 million.
Technology & AI
Nvidia finance.yahoo.com prepares to report Q4 earnings ahead of its annual GTC event. IBM stock investing.com tumbled 10% after Anthropic launched a COBOL AI tool. Option traders bloomberg.com are piling into bets against software-exposed loan ETFs following Citrini Research's AI risk report.
Corporate Moves
The Luksic clan bloomberg.com continues selling Nexans shares to raise funds for strategic investments. First Brands wsj.com laid off employees as buyer interest fades. High Star bloomberg.com plans a $100 million bond sale for a luxury Utah resort development.
International Developments
Panama bloomberg.com will occupy canal ports after the constitutional court scrapped the CK Hutchison deal. Maersk and MSC ft.com will take temporary control of key Panama Canal ports. The Democratic Republic of Congo bloomberg.com replaced top officials at state copper and cobalt miner Gecamines.
Policy & Regulation
ECB President Christine Lagarde bloomberg.com emphasized central bank independence's critical importance. She also stated the ECB must be agile when setting interest rates bloomberg.com. Moody's ft.com issued an alert about data center accounting gaps concealing billions in Big Tech liabilities.
Trade & Tariffs
Retailers bloomberg.com won tariff relief after the Supreme Court ruling, with the US global tariff set at 15%. Trump bloomberg.com took his anti-China crusade to Chile ahead of the Latin America summit in Miami. Canada yahoo.com prepares an aid package for Cuba facing fuel shortages worsened by US oil embargo.
Private Markets
Private equity returns bloomberg.com slumped for the fourth straight year as the industry sits on $3.8 trillion of unsold assets. Hyperscaler compute capacity investing.com is expected to double over the next two years, according to Wells Fargo.