Public Markets 3h Briefing
×Market Movements
US technology shares bloomberg.com slumped, sending Treasuries toward their lowest yields of the year. The Nasdaq ft.com fell 1.2% despite better-than-expected results from Nvidia. Salesforce finance.yahoo.com eased AI spending fears with a strong outlook and big buybacks, contrasting with C3.ai finance.yahoo.com slashing 26% of staff after admitting failure to deliver.
Sector Performance
Health care stocks wsj.com saw mixed activity with updates on Hikma and Bangkok Dusit Medical Services. Energy and utilities wsj.com gained attention as oil futures rose and Veolia reported stable operations. European semiconductor stocks wsj.com faced pressure amid broader tech sector weakness.
Corporate News
Saint-Gobain investing.com reported stable 2025 sales with rising operating income. Spanish drugmaker Grifols investing.com posted a jump in 2025 profit. Walmart wsj.com agreed to a $100 million FTC settlement over driver pay deception. State Farm bloomberg.com will pay a record $5 billion dividend to auto clients after strong underwriting profits.
Regulatory & Policy
Federal Reserve Vice Chair Bowman bloomberg.com said consensus has been reached on the Basel plan, signaling regulators are close to releasing a revised bank capital proposal. The Federal Trade Commission alleged Walmart deceived drivers about earnings potential. The English Premier League ft.com announced plans to launch a streaming service in Singapore next season.
Global Markets
China's yuan bloomberg.com hit a 35-month high as the dollar kept falling amid tariff uncertainty. Europe's biggest port bloomberg.com warned of increasing exposure to geopolitical risks related to China trade. Swiss private bank MBaer bloomberg.com faces potential loss of US financial system access over alleged links to Iran and Russia.
M&A & Investment
A victory capital bid ft.com sparked a bidding war for Janus Henderson, trumping an agreed deal led by Nelson Peltz's Trian Fund Management. Trafigura ft.com saw its award climb to $700 million after a court victory against Indian tycoon Prateek Gupta for fraud. RBC bloomberg.com is eyeing Canada's defense infrastructure and energy spending boom for capital deployment.
Commodities & Resources
US power-plant pollution wsj.com rose sharply in 2025, marking a rare uptick in an otherwise long-term downward trend due to increased coal burning. Revere Copper Products bloomberg.com ramped up US investment as tariffs and surging data center demand lifted earnings at America's oldest copper manufacturer. MP Materials barrons.com is lifting output of rare-earth magnets.
Market Outlook
Tech stocks investing.com are now almost as cheap as consumer staples, creating potential value opportunities. The AI spending boom finance.yahoo.com is creating winners beyond the Mag, with one sector positioned for big gains. Barclays and Atlas bloomberg.com are among firms exposed to failed UK lender MFS amid allegations of financial irregularities.