Public Markets 3h Briefing
×Public Markets
The S&P500 investing.com dropped 1.2% in its worst week since June, reflecting broader market volatility. Abu Dhabi bloomberg.com is set to issue two benchmark-sized dollar bonds, marking its first foray into debt markets this year. LSEG bloomberg.com launched a £3 billion share buyback, signaling confidence despite broader market pressures.
Corporate Results
WPP wsj.com reported its worst annual fall in key metrics since the pandemic, slashing its dividend as part of a restructuring plan. Indra Sistemas bloomberg.com surged to a record after its order backlog more than doubled. Drax Group bloomberg.com saw its share price hit a 20-year high following stronger-than-expected earnings.
Macro & Policy
BlackRock bloomberg.com highlighted Japan’s JGBs offering 6% yields for dollar-based investors, though currency risks remain. Kenya bloomberg.com’s shilling has become one of the world’s most stable currencies, aided by foreign deals. Japan bloomberg.com expects interest payments to double by 2029 as the BOJ gradually hikes rates.
Market Movers
Nvidia wsj.com delivered a beat, lifting Dow futures slightly, while Nokia (not and Salesforce bloomberg.com earnings also influenced sentiment. European stocks investing.com remained mixed, with earnings in focus across the region. Singapore’s Grab finance.yahoo.com plans to triple profits by 2028 through AI and new services.
S&P 500 Falls 1.2% in Worst Week Since June Abu Dhabi Set to Issue Dollar Bonds WPP Slashes Dividend in Turnaround Plan BlackRock on Japan