Public Markets 8-Hour Briefing
×Market Performance
Global markets gained momentum with U.S. stock futures rising, following a recovery in equities. European and UK stocks hit records powered by banks and miners, while Bitcoin recovered to $65,000 amid bargain buying and Wall Street gains.
Earnings Highlights
Nordex surged 16% on an earnings beat and potential U.S. expansion, with the wind-turbine manufacturer citing AI-driven data center expansion as a growth driver. Circle Internet Group beat Q4 estimates, sending its stock higher. Temenos jumped after the software firm lifted targets and played down AI fears.
Sector Performance
Energy sector saw E.ON raising its investment plan while flagging regulatory uncertainty as 2026 profits face challenges. ASML stated that AI will be the main engine of demand growth. HSBC reported quarterly profit surging on higher interest income and one-off gains.
Currency & Commodity Markets
Thailand cut interest rates unexpectedly, with analysts citing the Thai Baht's strength as a factor. Botswana's central bank sees inflation slowing this year. Russian and Iranian oil producers are offering deepening discounts as they compete for Chinese buyers.
Policy Developments
China warned it will take "all necessary measures" if the U.S. uses a probe into a 2020 trade deal to impose fresh tariffs. Hong Kong is planning to use its currency peg defense fund for the first time in 40 years. Korea passed a reform bill requiring companies to cancel treasury shares, improving corporate governance.
Regional Markets
Singapore's banks drew $61 billion in new wealth from Asia's rich as geopolitical tensions pushed wealthy individuals to move assets. South Africa's stock market has rallied 40%, though the rally is missing an economic engine. Kenya reached its target from the IPO of its state-run pipeline company.