Public Markets 8-Hour Briefing
×Global Market Moves
Asian equities rebounded as risk appetite improved following strong U.S. economic data. The S&P 500 turned lower as oil price surge kept Iran fears in play, while European stocks prepared to resume declines with the dollar strengthening. Korea led the market rebound after President Lee Jae Myung ordered activation of a $68 billion market stabilization fund.
Geopolitical Impact
Treasury yields climbed to a three-week high as inflation fears grew amid rising crude oil prices due to the Iran war. Emerging-market currency volatility surged above developed peers this week, breaking a record lull. India's rupee advanced the most in Asia as the central bank stepped in to support the currency after it weakened to a record low.
Commodity & Energy
Gold handed back gains as the US dollar rebounded while the Middle East war continued. Coal prices jumped as utilities sought alternatives to natural gas. At least 3 LNG tankers were diverted toward Asia on their way to Europe as Middle East turmoil spurred competition for the fuel.
Corporate Performance
Zurich Insurance posted record 2025 profit and raised its dividend. Reckitt reported 5% revenue growth on a like-for-like basis, boosted by emerging markets. Honda plans to import cars from the US and China to beef up its domestic lineup in the face of mounting losses from its auto business.
China Economy
China set a softer GDP target for 2026 as it focuses on domestic demand, with the growth target being the lowest since 1991. China plans to issue $44 billion in special sovereign bonds to recapitalize some of its largest banks, expanding efforts to fortify its financial system against economic cooling.