Public Markets 3 Hours

Last updated: July 1, 2026, 11:30 PM ET

Asia Markets & IPOs

India’s IPO pipeline has reached a record high, with bankers anticipating a significant acceleration in activity as major companies prepare to list big guns line up. In South Korea, global investor interest in the economy and capital markets has seen a notable improvement, according to the nation’s top finance ministry official, ahead of the planned 24-hour won trading as global appetite grows. Meanwhile, social media platform Xiaohongshu, often dubbed "China's Instagram," is accelerating its plans for a Hong Kong listing, reportedly targeting male users in its push for an IPO.

Energy & Commodities

OCBC has revised its oil forecasts downward, now expecting Brent crude to average $75 per barrel in both the third and fourth quarters of 2026, a reduction from previous estimates of $85 and $80 respectively. This recalibration follows a rebound in flows through the Strait of Hormuz as flows rebound.

U.S. Markets & Corporate Finance

Data center firm Switch Inc. is initiating a private funding round, aiming to raise approximately $2 billion, with Andreessen Horowitz leading the effort seeking $2 billion. In a separate development, Mirae Asset Securities Co. has affirmed that its work concerning SpaceX's IPO was conducted in coordination with lead underwriters, disputing a prior report.

Currency Markets

The Japanese yen maintained a consolidated trading range against the dollar and other major currencies as traders awaited the U.S. nonfarm payrolls report, which is scheduled for release today consolidating ahead of payrolls.

Treasuries & Bonds

Japanese government bonds experienced a slight decline, mirroring the overnight price drops seen in U.S. Treasurys tracking Treasury declines.

U.S. Government Operations

The Bureau of Prisons is preparing to close several facilities that house thousands of inmates. The agency cited deteriorating infrastructure, persistent staffing shortages, and budget constraints as the primary reasons for these cost-cutting measures will close facilities.