Public Markets 3h Briefing
×Market Moves
The S&P 500 fell 1.2% ft.com marking its first two-week loss since June, pressured by escalating tensions with Iran and rising oil prices. Entrata ft.com is working with Goldman Sachs and JPMorgan on an IPO, while BlackRock ft.com sees increased demand for its iShares funds amid market volatility. First Brands ft.com creditors face a grim reality, with asset sales expected to yield only $200mn against a $12bn debt pile. Volkswagen dealers filed lawsuits to block the automaker from bypassing dealerships with a new SUV brand.
Macro & Policy
Japan may intervene to buy yen as speculation mounts over the conflict's economic impact. Ecuador eyes a $4B bond sale return, while HORMUZ TRACKER shows Iran-linked tankers alone crossing the Strait of Hormuz for a sixth day. Bloomberg Markets reports fixed income investing shifts as equities struggle. Price hikes ft.com at office-lunch chains reflect persistent cost pressures, with Emirates flights frozen after airport blasts. Global Economy strains widen as Mideast war fallout spreads beyond the region.