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Adds, he has "... authorized the IDF to thwart any senior Iranian official who is targeted - without the need for additional authorization"(Telegram)
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Says NATO pipeline network should be extended to Poland, the Baltic states, Finland, RomaniaSays political decision on pipeline extension might come before NATO's Ankara summit in July(Fin X)
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DYX is flat in a narrow 99.465-99.708 range at the time of writing, following two consecutive days of declines as the Buck tracked oil prices. Traders gear up for the FOMC today (at 18:00 GMT given the time change), which is expected to leave rates unchanged at 3.50-3.75%. Money markets do not expect a rate cut before Q4 2026, although pricing may have been influenced by a rise in short-term yields following the recent energy price surge linked to the Middle East conflict. Analysts are in agreement that Chair Powell will likely avoid strong guidance statements on inflation/growth impacts from...
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A bullish start for fixed income benchmarks with action once again primarily dictated by energy and associated yield implications.Bunds printed as high as 126.81, posting gains of 34 ticks at best. The European docket is headline by Final HICP (expected unrevised) and German supply (should pass without significant issue), before attention turns to the FOMC for a preview of how the ECB might choose to position itself amid the Middle East energy shock.For Bunds, if the upside continues, we look to 127.00 before a handful of recent highs between 127.20-53 and then a bit of a gap until the 128.00...
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WTI and Brent futures are softer, albeit off their worst levels seen during APAC hours, as participants digested the latest geopolitical headlines and commentary, but with no major fresh escalation or de-escalation in the conflict. In terms of major developments in the Iranian war, Iran confirmed its security chief Larijani was killed in an air strike. Analysts at ING posit “Confirmation of the death of Iran’s security chief, Ali Larijani, only increases uncertainty for markets. It’s unlikely to lead to de-escalation.” Subsequently, Iran’s Foreign Minister has ruled out a ceasefire.Meanwhile, Saudi Arabia is to host a meeting today of Arab...
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European bourses (STOXX 600 +0.5%) are broadly in the green, ex. SMI (-0.4%), as the resumption of exports through Ceyhan port weigh on oil prices. Bank-heavy IBEX 35 (+1.1%) leads its peers, closely followed by the CAC 40 (+0.8%). As already mentioned, the SMI is weighed down by losses in Logitech (-5.7%), after the Co. was downgraded to neutral from buy at UBS.Sectors show a positive bias. Banks (+1.9%) outperform amid a FT report that the EU is to delay the increase to bank capital requirements, Santander +1.9%, SocGen +3.3%, Intesa Sanpaolo +1.9%. At the bottom of the pile lies Food, Beverages...
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Three advisors to POTUS believe that Trump would want to end major operations before Israeli Prime Minister Netanyahu. However, the article notes that the leaders appear closer than ever.(Axios )
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Revenue breakdown (CNY):
Fintech and business services 60.8bln (exp. 61.2bln)Domestic games 38.2bln (exp. 37.5bln)International games 21.1bln (exp. 20.0bln)Value-added services business 89.9bln (exp. 88.8bln)Other metrics:
Weixin and WeChat MAUs 1.42bln (1.41bln)QQ smart device MAUs 508mln (exp. 535.7mln)Fee-based VAS subscriptions 267mln (exp. 266.9mln)FY:
Net Income 228.84bln (exp. 222.2bln).Operating Profit 241.6bln(Market Source)
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TODAY’S AGENDA:DAY AHEAD: In Europe, final inflation stats for February are expected to be confirmed at 1.9% Y/Y for the headline, and 2.4% Y/Y for the core measure. Stateside, PPI data for February is seen rising +0.3% M/M (prev. +0.5%), with the annual rate unchanged at 2.9% Y/Y; the core PPI measure is expected to rise +0.3 M/M (prev. 0.8%), with the annual rate rising to 3.7% Y/Y (from 3.6%). The Federal Reserve is expected to stand pat on rates, with focus on updates projections, and any guidance for the future path of interest rates (see below). The BoC is...
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Germany to sell EUR 2.5bln 2.50% 2046 and 2.90% 2056 Bund(Newsquawk)
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EUROPEAN OPEN: European equities opened mostly higher, though the FTSE 100 lags. APAC equities rose after gains on Wall Street, while oil retreated but remained above USD 100/bbl; Chinese AI stocks rose after Nvidia CEO made bullish comments on AI agents, and called OpenClaw the Next ChatGPT. Crude prices fell, but Brent remains above USD 100/bbl, after Iraq signed a deal with Kurdistan to resume exports via pipeline to Ceyhan, avoiding the Strait of Hormuz; the pipeline’s capacity is roughly 1.5-1.6mln BPD, according to recent Reuters reporting. Separately, Bloomberg said that oil traders are selling prompt barrels and buying cheaper...
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Diploma (DPLM LN) - Trading update: Upgrades organic revenue growth guidance to 9% (prev. guided 6%) and operating margin to around 25% (prev. around 22.5%). States that trading remains strong, great performance continues through H1 and is confident in H2 momentum. (Diploma)
Hellofresh (HFG GY) - Q4 2025 (EUR): Revenue 1.55bln (exp. 1.56bln), Adj. EBITDA 166mln (exp. 163.3mln), sees FY2026 Adj. EBITDA between 375-425mln (exp. 428.4mln). (Hellofresh)
Prudential (PRU LN) - FY 2025 (USD): IFRS Net Profit 4.12bln (prev. 2.42bln Y/Y), Adj. Operating Profit 3.31bln (prev. 3.13bln Y/Y), commenced an additional USD 1.2bln share buyback in 2026 after completing USD 2bln share...
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BDC Loans - Barclays said investors are demanding higher risk premiums for business development company debt amid anxiety over private credit exposure. A broad-based debt index showed spreads rising 80bps this year, taking it to 260bps, while unsecured BDC bonds also meaningfully underperformed collateralised loan obligations, Barclays notes.
BioNTech (22UA GY) - Co.'s major shareholders, the Strungmann brothers, states the Co. is not planning a sale. Thomas Strungmann added that the short-term stock market reaction does not reflect its true value. (Handelsblatt)
Diploma (DPLM LN) - Trading update: Upgrades organic revenue growth guidance to 9% (prev. guided 6%) and operating margin to...
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ASIAAPAC stocks were mostly higher following the positive handover from Wall Street and as oil prices retreated, while markets now await a flurry of upcoming central bank policy decisions, including from the FOMC later today. ASX 200 gained with the help of strength in tech, utilities and real estate, but with gains limited amid weakness in health care and the consumer sectors following the recent central bank rate hike, while money markets are currently pricing a coin flip for a third consecutive hike in May. Nikkei 225 climbed back above the 55,000 level amid several positive factors, such as mostly...
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US President Trump said they had a big day on Tuesday, knocking out targets, and said it will be a couple of weeks regarding Iran, not much longer, and that they are way ahead of schedule.Iran confirmed that its security chief Larijani was killed, according to Iranian media.Iran's Foreign Minister said Iran will target US forces wherever they assemble, including near urban areas, he understands neighbours' concerns and holds the US responsible for the conflict.APAC stocks were mostly higher following the positive handover from Wall Street and as oil prices retreated, while markets now await a flurry of upcoming central...
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Says:
To prepare specific plans to ban dual listing of parent companies and subsidiaries.(Market Source)
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