Public Markets 8-Hour Briefing
×Market Moves
The S&P 500 added four new stocks, including Vertiv and Echo Star, as part of its quarterly rebalance. Entrata is collaborating with Goldman Sachs to finalize an IPO, signaling renewed investor interest in tech-driven growth sectors.
Macro & Policy
China’s central bank extended gold purchases for a 16th consecutive month, reflecting strategic reserves amid Middle East tensions. Japan may intervene to buy yen as speculation grows over currency stability. The Fed’s Hammack warned of tighter policy due to persistent oil shocks, complicating rate-cut expectations.
Energy Markets
Asia faces a fuel crunch as energy buyers grapple with supply shortages and price hikes. Meanwhile, Goldman Sachs dismissed oil analysis as "completely flawed," questioning price forecasts. Rising gasoline prices surge across Asia, with Thai farmers scrambling for diesel and Indian refiners monitoring Gulf supplies.
Tech & Investment
The US may unsanction Russia’s oil post-India’s purchase approval, easing energy access. Oracle and OpenAI scrapped a Texas data center deal, redirecting Meta’s interest in expanding AI infrastructure. SK Innovation laid off 958 workers in Georgia, citing slowed EV demand.
Policy & Legal
The term “force majeure” gains relevance as Middle East tensions disrupt global contracts. In legal news, a US judge dismissed a deportation lawsuit after the plaintiff declined a return flight. Ecuador plans a $4B bond sale to fund infrastructure, drawing attention from international investors.
Market Volatility
Oil prices could hit triple digits if Iran conflicts escalate, warns