Public Markets 3h Briefing
×Market Moves
IBM investing.com received an upgrade from UBS after a 22% decline as valuations reset. Amazon investing.com was defended by Bank of America strategists who see catalysts supporting AWS sentiment. Enphase Energy investing.com got an upgrade from Jefferies on improving demand and margin expectations.
Energy & Commodities
Saudi oil exports bloomberg.com are surging to three-year highs amid Iran tensions. North Sea crude bloomberg.com is signaling weakness as Vitol and Total Energies' buying spree ends. Colombia bloomberg.com is eyeing $6.7 billion in pension assets amid fiscal strain.
Technology & AI
AI disruption fears bloomberg.com are prompting scrutiny in hot private markets trades. Ardian bloomberg.com says it will turn down some software deals on AI risk concerns. Citigroup bloomberg.com assembled a banking team focused on AI infrastructure. AI-powered capex growth investing.com is expected to peak later this year, Goldman estimates.
Corporate & Policy
John Lewis ft.com ditched plans to build 10,000 homes due to UK economic changes. German lawmakers ft.com cut value of kamikaze drones backed by Peter Thiel and Daniel Ek. David Tepper wsj.com called for sweeping changes at Whirlpool, accusing it of destroying shareholder value.
Trade & International
US Trade Representative Greer bloomberg.com discussed 15% tariffs, USMCA, and EU trade deals. Spain wsj.com ramped up pressure on Apple and Amazon in a yearslong antitrust case. Telecom Italia finance.yahoo.com mulls premium pricing for high-performance connectivity at big events.
Financial Markets
JPMorgan and Bof A bloomberg.com favor Venezuelan bonds with more unpaid interest. Evercore investing.com downgraded Workday after a dour outlook. EUR/USD investing.com is expected to gain further from Q2 onwards, Bof A Securities predicts.