Public Markets 3h Briefing
×Precious Metals & Mining
Fresnillo wsj.com delivered record gold and silver prices that boosted earnings and enabled the highest dividend since its 2008 listing. South Africa bloomberg.com stocks maintain their 12-month winning streak thanks to booming metals prices and a firmer rand, according to Bank of America.
Geopolitical Tensions
Iran has escalated strikes bloomberg.com against Saudi Arabia, pulling the kingdom deeper into the regional conflict. Drones targeted Aramco facilities, forcing the shutdown of the country's largest oil refinery. The US Embassy bloomberg.com in Riyadh was also attacked when two drones struck nearby.
Corporate Results
Nidec bloomberg.com warned of up to $1.6 billion in charges from an accounting scandal. Kuehne + Nagel wsj.com reported a 17% drop in full-year recurring earnings before interest and tax due to deteriorating conditions. SIG investing.com posted a 2025 net loss on €351 million strategic impairment and suspended its dividend.
Renewable Energy & Tech
Orsted bloomberg.com faces fresh exit calls ahead of Denmark's election as several parties call for the government to sell its stake in the wind energy company. VAT Group investing.com reported stable 2025 profit and lifted its dividend on AI demand.
Market Performance
Bonds bloomberg.com slumped as soaring energy prices fanned inflation fears. Bitcoin investing.com tempered its rebound to $67,000 as Iran tensions kept risk appetite fragile. Zurich Insurance wsj.com confirmed its $11 billion takeover of Beazley, ending a period of uncertainty.