Public Markets 3h Briefing
×Market Movements
MTU Aero Engines wsj.com forecasts higher revenue in 2026 with particularly strong gains in its commercial series business. Telefónica wsj.com posted a wider net loss in Q4 but adjusted earnings rose despite €2.8 billion in charges.
Credit & Fixed Income
BlackRock bloomberg.com expects European credit spreads to remain range-bound this year as attractive fixed-income yields offset AI disruption concerns. Municipal bonds bloomberg.com are poised for a solid year after lagging US Treasuries in 2025, according to BlackRock's Pat Haskell.
Sovereign & Emerging Markets
Indonesia Investment Authority bloomberg.com faces a deepening leadership vacuum after Co-CIO Andry Setiawan resigned. The Philippines bloomberg.com may see $3 billion in inflows if government bonds are added to JPMorgan's emerging-market index.
Currency & Forex
The yen extended its decline bloomberg.com after local media reported Japanese Prime Minister Sanae Takaichi voiced apprehension over more rate hikes. Standard Chartered bloomberg.com CEO Bill Winters said the bank is "not missing a beat" after its CFO's departure.
Corporate & M&A
Nippon Steel bloomberg.com plans to sell $3.5 billion of convertible bonds in overseas markets to help repay loans from its US Steel acquisition. Bain Capital bloomberg.com and Lone Star Funds have advanced to a second round of bidding for Mitsubishi Electric's automotive equipment business.
Technology & Disruption
Redot Pay bloomberg.com, a Hong Kong-based stablecoin payments firm, is considering a $1 billion US IPO. Zhipu AI investing.com shares rebounded after tumbling on compute shortage concerns.
Geopolitics & Trade
China wsj.com banned exports of dual-use items to Japanese entities with military ties, escalating the dispute over Taiwan. BYD wsj.com logged a nearly threefold increase in European sales last month as electric and hybrid vehicles remained in high demand.
Commodities & Energy
A forecast global glut of LNG bloomberg.com may weigh on prices, but demand growth remains strong according to Australia's biggest LNG producer Woodside. Tesla investing.com EU registrations fell 17% in January as market share dipped.
Crypto & Digital Assets
Bitcoin investing.com slipped below $63,000, wiping out 50% from its October record high. The cryptocurrency market faces renewed pressure amid broader risk-off sentiment."