Iran war turbulence continues reshaping global markets. FT reported wall street banks started trading credit default swaps on Apollo, Ares and Blackstone private credit funds. The derivatives bet signals institutional caution about leveraged strategies amid volatility.
Oil squeeze drove frantic biodiesel demand. Prices dropped below regular diesel for the first time as refiners scrambled for alternatives. CNBC noted Asia markets fell as fragile Middle East ceasefire talks tempered sentiment. Gold held steady ahead of Trump's Iran deadline while the dollar firmed.
The EU plans its biggest corporate merger rule relaxation in decades. European markets showed resilience closing near flat despite luxury sector weakness. TSCO Tesco and MKS Marks & Spencer grabbed retail tech headlines as AI adoption accelerated.
Australia sealed a $6.5B warship deal with Japan ordering three Mogami frigates first. The contract followed Peru deferring a $3.5B fighter jet purchase. LMT Lockheed absorbed both headlines showing mixed defense sector momentum.
The US backed a South Africa rare earths project despite diplomatic tensions. The minerals play targets supply chain independence from China. RBW Rainbow Rare Earths benefited from strategic metal urgency.
DAL Delta, AAL American and JBLU JetBlue navigated flight cost surges. AP reported consumers faced reduced availability and higher fares as Iran war disrupted routes. AC Air Canada absorbed similar pressure across Atlantic corridors.
Record US drought sparked fire and food price worries compounding inflation concerns. Investors rotated defensively yet major indices held as peace talk hopes persisted.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
