CAR Avis Budget SI hit 92.7% as bears regrouped after last week's brutal squeeze. The rental car giant echoed 2021 meme stock chaos soaring 400% before collapsing per FT reporting. Availability crashed to just 0.07% of SI while cost to borrow jumped to 8.4%. Bears added 5.5 points in seven days showing renewed conviction after nursing heavy losses.
Over 1,600 companies report globally in the next seven days. JPM JPMorgan leads US financial conferences Monday. The $826B banking titan headlines alongside C Citigroup as investors await Iran war commentary.
European industrials dominate the calendar. Thales reports Monday as the $56B French defense contractor navigates elevated military spending. Haier Smart Home delivers results showing Chinese appliance demand trends.
Chinese executives showed conviction this week. MeiHua Holdings saw three insiders buy $9.8M collectively with CEO He Jun adding $5.6M April 23. Tanco CEO Tan Jun Suan filed today for $4.8M in purchases executed yesterday.
US selling dwarfed buying activity. RY Royal Bank CEO David McKay sold $4.1M while Turkish cable maker Alves saw executives dump $17.5M collectively.
Goldman joined record renminbi borrowing by US banks per FT reporting. China's low interest rates drew foreign issuers in a "frenzy" of activity. Zero IPOs scheduled this week as capital markets stayed frozen.
European stocks closed higher Friday despite Middle East volatility. Asia-Pacific markets traded mixed as investors assessed Trump's hardened Iran rhetoric. The dollar held firm before the administration's Iran deadline.
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.
