Public Markets 3h Briefing
×Market Moves
US stock futures bloomberg.com dropped as oil prices surged past $100 a barrel, stoking fresh inflation fears and extending the week's selloff. Netflix shares bloomberg.com jumped after the company's decision to walk away from a Warner Bros. Discovery acquisition was framed as a capital allocation win by investors. The S&P 500 is poised to open lower, reversing earlier gains.
Corporate Actions & Regulation
Live Nation wsj.com reached a settlement with federal antitrust authorities, avoiding a potential breakup of its concerts-and-ticketing business. Nasdaq wsj.com is advancing a plan with Kraken to launch 24/7 tokenized stock trading, seeking regulatory approval for digital versions of its listed securities. Mexico's inflation bloomberg.com accelerated above forecasts, breaching the central bank's target range and complicating the policy outlook.
Energy & Commodities
Saudi Arabia bloomberg.com has begun cutting oil production as storage fills near the Strait of Hormuz, signaling a significant supply disruption from the Middle East conflict. The Iran crisis bloomberg.com may test the effectiveness of global emergency oil stockpiles, with a release seen as insufficient to fully offset the shock. Dangote Refinery bloomberg.com will prioritize fuel supply to Nigeria as long as it can secure local crude, aiming to stabilize the domestic market.