Public Markets 8-Hour Briefing
×Geopolitical Markets
Iran Crisis threatens the worst disruption in gas markets since 2022 as Middle East tensions escalate. The geopolitical tensions have forced Dubai's world's busiest airport to halt all flights following a missile strike. French shipping giant CMA CGM has suspended vessels' passage through the Suez Canal, telling ships in the Persian Gulf to take shelter immediately.
Energy Markets
Trump's War on Iran threatens to drive up oil prices and inflation as the US holds "no discussions" about tapping strategic reserves to soothe energy markets. Italy is setting up a fight with Brussels over carbon costs, seeking to lower electricity prices by reimbursing gas plants for EU emissions permits. Eight former UK energy ministers are calling for a U-turn on oil and gas.
Financial Markets
Bitcoin has recovered above $67,000 as markets digest developments following Khamenei's death. Mastercard has hired Whitehall veteran Sir Jon Thompson to bolster its push for a key UK contract, with him set to chair UK subsidiary Vocalink.
AI & Technology Markets
AI adoption in fashion is moving faster than the market realizes according to UBS, while Bof A sees AI-related risks that could challenge the rally in EU stocks. The dreaded AI jobs wipeout got real after Block CEO Jack Dorsey announced his fintech firm was laying off 4,000 people.
Trade & Retail Markets
Japanese retailers are wrestling with a Chinese tourist boycott, with department stores hit by double-digit drops in duty-free sales. South Korea's exports accelerated in February, reinforcing the central bank's view that solid semiconductor demand is cushioning the economy. China's upcoming Policy Summit is putting tech and stimulus in focus for investors.