Public Markets 3h Briefing
×Bond Markets
JGBs wsj.com fell in line with declining U.S. Treasurys, reflecting global bond market weakness. Meanwhile, Philippine peso bonds best in EM bloomberg.com Asia as investors benefit from rate cuts and strong domestic liquidity. Gold holds gains bloomberg.com as traders monitor US tariff impacts and Iran nuclear talks.
Corporate Earnings
Qantas investing.com reported first-half earnings growth driven by strong domestic demand and fleet renewal. Rare earths producer Lynas investing.com posted strong half-year results, sending shares surging. In China, Baidu bloomberg.com experienced an $11 billion selloff as investors question whether the company can meet AI hype expectations.
Commodities & Energy
Oil prices edged higher bloomberg.com ahead of nuclear talks between the US and Iran, with Middle Eastern producers increasing exports amid regional uncertainty. Core Lithium bloomberg.com sold its stockpile to Glencore, raising cash to potentially restart its Finniss mine in Australia.
M&A Activity
Momentum Midstream bloomberg.com is exploring a potential sale that could fetch over $5 billion. Lotte Biologics bloomberg.com CEO is seeing orders shift away from China as the company repositions its supply chain. Iran is offering a commercial bonanza ft.com to US companies, seeking investments in oil and gas reserves.
Market Commentary
European football ft.com clubs lost more than €1 billion last year despite record competition revenues. Stock market analyst Jim Cramer finance.yahoo.com shared an unexpected take on the current market direction.