Iran ceasefire sparked global markets higher as Washington and Tehran agreed to reopen the Strait of Hormuz. Oil prices tumbled from $150 highs as energy shortages eased. European stocks surged 7% led by travel names. The relief rally ended three weeks of war-driven volatility.
SEE Sealed Air drops from index constituents today. DBD Diebold Nixdorf joins as the ATM maker enters major benchmarks. Index reshuffling reflects defensive rotation patterns from recent sessions.
XENE Xenon Pharmaceuticals lock-up expires today. The $5.6B biotech faces potential insider selling pressure as restrictions lift. KOS Kosmos Energy lock-up also concludes amid volatile oil markets.
Givaudan reports today as the $32B Swiss fragrance maker kicks off European earnings. Public Bank Berhad delivers results showing Asian banking strength. Ryohin Keikaku posts quarterly figures as the $12B Japanese retailer navigates consumer trends.
Zero IPOs scheduled this week. Private credit funds absorbed $20B in redemption requests per FT reporting. Apollo Ares and Blackstone faced withdrawal pressure as investors fled illiquid assets. Capital markets stayed frozen despite ceasefire optimism.
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