Public Markets 3h Briefing
×Market Turmoil
Canadian stocks bloomberg.com slumped most since tariff chaos as Middle East conflict rattled investors. Soros CIO bloomberg.com warned investors face a "painful" 18-24 months amid geopolitical risks and AI disruption. Apollo CEO investing.com cautioned of a shakeout in private credit amid rising defaults.
Energy & Commodities
US petrol prices ft.com surged as Trump's Iran war triggered inflation worries, exceeding levels at the end of the Biden administration. Oil prices ft.com have climbed as Strait of Hormuz flows dried up, though the reaction remained muted compared to past oil shocks. Russia bloomberg.com could boost oil income as war disrupts Hormuz, potentially increasing Kremlin's war chest.
Private Markets
Blackstone wsj.com saw record $1.7 billion outflows from its $82 billion private credit fund. Blue Owl ft.com slid below its listing price as private credit worries mounted. Ares CEO bloomberg.com called UBS's 15% private debt default forecast "absolutely wrong" while Apollo's Rowan bloomberg.com warned of an inevitable shakeout in private markets.
Regional Markets
Spain trade embargo investing.com concerns emerged as Trump ordered Treasury Secretary Bessent to halt dealings. TSX investing.com slumped as Iran conflict concerns weighed on sentiment. Vale Base Metals bloomberg.com aims to be IPO-ready by midyear, sooner than previously indicated.
Corporate News
AutoZone wsj.com reported 8.1% sales growth to $4.27 billion, missing analyst forecasts of $4.31 billion. Loveholidays ft.com may delay its £1 billion London IPO after Gulf travel chaos. CME bloomberg.com rebuffed traders seeking compensation for losses from a technical outage during key trading periods.
Policy & Regulation
Fed's Kashkari bloomberg.com said it's too soon to know Iran's inflation impact on US monetary policy. Fed's Williams investing.com echoed that it's too early to assess the Iran war's impact on the US economy. Fed's Schmid investing.com noted inflation remains nearly a point above target.
Market Structure
Invesco QQQ bloomberg.com highlighted innovation engines at Bloomberg Invest. HarbourView bloomberg.com discussed rewriting investment culture playbooks. Voya's Vaillancourt bloomberg.com advised clients to "stay the course" during volatile times.