PiQ

M&A activity to accelerate this year despite war disruption, Goldman Sachs says More Here → m.piqsuite.com/?widget-articl…

China's Xpeng posts first profit on high-margin EV sales More Here → m.piqsuite.com/?widget-articl…

Wall St futures slip as Iran war rages on, investors dial down rate cut bets More Here → m.piqsuite.com/?widget-articl…

Morning Bid: Battle of the barrel More Here → m.piqsuite.com/?widget-articl…

Get it in the Louvre

Fitch cuts New Zealand rating outlook to 'Negative' amid debt concerns More Here → m.piqsuite.com/?widget-articl…

Me: Why is RAM so expensive? Also Me:

Oil and fuel cargo prices reached record highs and natural gas surged before partially retreating on signals from the US and allied partners around supply-boosting measures and efforts to restore Hormuz transit. The pullback followed direct missile damage to Qatar's Ras Laffan LNG complex and Saudi oil infrastructure. Both sides are now systematically targeting each other's energy infrastructure. The IEA issued behavioural guidance urging households and businesses to work from home and avoid flying, a directness that reflects its own assessment of the severity of the supply disruption. JP Morgan forecasts BoE hikes in April and July. Goldman sees no BoE cut until 2027. When record oil prices pull back on supply signals rather than supply reality, how much of the current price reflects fundamentals and how much is being driven purely by headline risk? #OilPrice #BrentCrude #LNG #EnergyMarkets #Commodities

European nations, Japan and Canada published a coordinated statement on Hormuz navigation, representing a meaningful step toward allied diplomatic alignment on the shipping crisis. The statement does not commit military assets from any of the signatories. Trump has separately invoked the Pearl Harbor comparison with Japan's prime minister to pressure Tokyo toward greater Hormuz participation, a request that sits in direct tension with Japan's constitutional constraints on military deployment. The EU simultaneously called for a moratorium on strikes against energy and water infrastructure following attacks on Qatar's LNG hub and Saudi oil facilities. With allies willing to sign statements but not commit ships or troops, how much does diplomatic alignment actually move the needle on Hormuz and what does the market need to see before pricing in a genuine resolution? #Hormuz #Geopolitics #Japan #Europe #Canada #NATO

Analysis reported by Reuters warns the Iran conflict's energy price shock will feed directly through into food prices in developing economies, where fuel and transport are core components of food supply chains. The poorest and most import-dependent countries face the most severe exposure. Separately, analysis suggests the conflict risks tipping China from deflation into cost-push inflation, raising input costs without boosting demand and creating stagflationary conditions that would complicate Beijing's policy options significantly. The conflict's economic consequences are now moving well beyond energy markets into food security and emerging market stability. With the energy shock transmitting into food prices across developing economies, which markets are most exposed and is that risk being reflected in emerging market asset prices yet? #FoodPrices #FoodSecurity #DevelopingEconomies

FedEx shares surge as investors cheer resilient demand, higher profit forecast More Here → m.piqsuite.com/?widget-articl…

Hungarian NGO protests role of Putin's former interpreter in OSCE election mission More Here → m.piqsuite.com/?widget-articl…

UBS wealth management outflows threaten US turnaround, analysts and sources say More Here → m.piqsuite.com/?widget-articl…

Powell's decision on Fed board seat could shape Warsh's leadership More Here → m.piqsuite.com/?widget-articl…

Analysis-Wall Street banks with large trading units may be biggest winners under US capital plan More Here → m.piqsuite.com/?widget-articl…

Investors drive US money market fund assets to records as war-related risk fears multiply More Here → m.piqsuite.com/?widget-articl…

Energy crisis pulls stocks 5% below January high, but path to quick recovery remains More Here → m.piqsuite.com/?widget-articl…

Trump mulls Kharg Island takeover to force Iran to open Hormuz Strait, Axios reports More Here → m.piqsuite.com/?widget-articl…

Oil prices retreated as the U.S. and allies signalled efforts to increase supply and restore navigation through the Strait of Hormuz And Nvidia has signed a deal to supply AWS with one million chips by the end of 2027 A huge commitment, which represents one of the largest single-chip supply agreements in the AI space yet From the @PiQSuite overnight news roundup - open.substack.com/pub/piqsuite/p…

On a day when European bond markets are up (partly reversing yesterday's losses), the UK market is off again... The government should see this as a warning ahead of getting any ideas over energy subsidies - the gilt market may not wear it #ukeconomy #ukmacro