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Global Markets | Australia shares recover after Trump hints Iran conflict could end soon
The Economic Times· 2026-03-10 07:14
Market Overview - The benchmark S&P/ASX 200 index rose 1.1% to finish at 8,692.60 points after a 3% decline on Monday, marking its worst day in 11 months [1][7] - The New Zealand benchmark S&P/NZX 50 index ended flat at 13,094.37 points [6][7] Oil and Energy Sector - Oil prices fell by more than 4% following U.S. President Trump's comments that the conflict with Iran could end sooner than expected, easing concerns about prolonged disruptions to global oil supplies [1][7] - Australia's energy sub-index declined 2.9%, marking its worst session since mid-September, a day after reaching an all-time high [1][7] - Karoon Energy's stock dropped 6.8%, the steepest decline since April 9, while sector majors Santos and Woodside Energy fell by 3.5% and 3.8%, respectively [1][7] Market Analyst Insights - Hebe Chen, a senior market analyst at Vantage Markets, noted that when oil prices rise due to geopolitical fears rather than actual supply disruptions, the sector becomes crowded and can reverse quickly once the fear premium fades [4][7] - The rotation out of energy stocks is viewed as a tactical move rather than a structural exit, with the sector likely to remain supported as long as the Strait of Hormuz remains a flashpoint [5][7] Other Sectors - The mining sub-index advanced by 2%, breaking a five-session losing streak, with BHP Group and Rio Tinto increasing by 2.3% and 0.6%, respectively [6][7] - Financials rose 1.3%, marking their best session in nearly three weeks, with all four major banks adding between 1.4% and 1.9% [6][7] - Technology, healthcare, and gold stocks also saw gains between 1.8% and 2.1% [6][7]
Multitude Capital Oyj explores the possibility to issue Subordinated Perpetual Floating Rate Callable Capital Notes and announces a tender offer, of its intention to early redeem parent company Multitude AG's outstanding capital notes
Globenewswire· 2026-03-10 06:48
Core Viewpoint - Multitude Capital Oyj is exploring the issuance of subordinated perpetual floating rate callable capital notes up to EUR 70 million, with a total framework of EUR 120 million, to support the early redemption of existing capital notes from its parent company, Multitude AG [1][2]. Group 1: Issuance of New Notes - The potential proceeds from the new notes will be utilized to repurchase and/or redeem up to EUR 50 million of existing notes from Multitude AG [2]. - Pareto Securities AB has been appointed as the global coordinator and joint bookrunners for the issuance of the new notes [1]. Group 2: Tender Offer for Existing Notes - Multitude AG is offering holders of its existing EUR subordinated perpetual floating rate callable capital notes (ISIN NO0011037327) to tender their notes for purchase at approximately 102.00% of the nominal amount plus accrued interest [3]. - The settlement of the tender offer is expected to occur approximately fifteen business days after the publication of the tender information document [3]. - The repurchase of existing notes is contingent upon the successful issuance of the new notes [3]. Group 3: Company Overview - Multitude Capital Oyj serves as the funding vehicle for Multitude Group, issuing bonds to support the group's liquidity [4]. - Multitude AG is a European FinTech company providing digital lending and online banking services, operating through three business units: Consumer Banking, SME Banking, and Wholesale Banking [5]. - The company achieved a combined turnover of EUR 274 million in 2024 and operates in 25 countries, employing over 700 people [5].
Seeing red everywhere? 40 stocks put together to buy amid Israel-Iran war
The Economic Times· 2026-03-10 04:12
Economic Context - India is one of the largest energy importers, with crude oil imports fulfilling nearly 85% of domestic demand, leading to significant economic impacts when oil prices rise sharply [1][22] - Higher import costs can widen the current account deficit, increase imported inflation, and complicate fiscal management due to potential fuel subsidies [1][22] - Elevated oil prices can weaken the rupee, affecting dollar returns for foreign investors [1][22] Market Outlook - Despite the risks associated with rising oil prices and geopolitical tensions, the structural outlook for Indian equities remains positive, with healthier corporate balance sheets and a gradual revival in private capital expenditure [2][22] - Domestic demand continues to support earnings growth, indicating resilience in the market [2][22] Investment Focus - Investors are advised to concentrate on sectors that are insulated from geopolitical shocks or that could benefit from them, with nearly 40 stocks identified across various sectors [3][22] - Defensive sectors such as pharmaceuticals and healthcare are highlighted as safe havens during geopolitical stress, as demand for healthcare products remains stable [6][22] Sector-Specific Insights - The pharmaceutical sector is noted for its defensive nature, with consistent demand in chronic therapies like cardiac and diabetes, and a weaker rupee potentially benefiting export-driven companies [7][22] - Recommended healthcare stocks include Sun Pharma, Cipla, Lupin, Zydus, and Fortis Healthcare, which are seen as resilient during market volatility [8][22] - Defence stocks are gaining attention due to increased government spending during conflicts, with companies like Apollo Micro Systems and Bharat Electronics identified as potential beneficiaries [9][10][22] - Infrastructure and engineering firms are expected to benefit from India's investment cycle, with strong order books in sectors like power and strategic resources [11][12][22] Banking and Consumer Goods - Large banks are favored in brokerage recommendations due to strong balance sheets and improving credit growth, with HDFC Bank, ICICI Bank, and SBI among the preferred choices [12][22] - Fast-moving consumer goods (FMCG) companies are viewed as defensive investments, with stable demand for essential products during economic uncertainty [13][14][22] - Recommendations in the FMCG space include Varun Beverages, Tata Consumer Products, and ITC [14][22] Energy Sector - Rising crude prices may benefit energy companies involved in exploration and production, with Reliance Industries expected to gain from higher refining margins [15][22] Comprehensive Stock Picks - A broad list of stock picks across multiple sectors includes healthcare, pharmaceuticals, infrastructure, banking, consumer goods, and defence, providing investors with options for stability during volatile market conditions [16][18][22]
If quantum cracks Bitcoin, it could crack banking security
Digital Asset News· 2026-03-10 00:41
If it cracks Bitcoin, it'll crack all banking security. We talked about it and like individual accounts probably not because, you know, it's like it's like a brute force attack and um you can try to brute force attack um pneumonic phrases, private keys all day long and it'll take you forever. But you can do it not get locked out.You can't brute force attack say like your personal bank account because after like so many tries it just locks you out and then it just shuts everything down. However, for like lik ...
What To Expect From Wednesday's Report On Inflation
Investopedia· 2026-03-10 00:00
Core Insights - The upcoming Consumer Price Index (CPI) report is expected to show a 2.4% year-over-year increase for February, consistent with January's rate, but may be less relevant due to the recent surge in energy prices caused by the Iran war [1][1][1] - Core prices, excluding food and energy, are anticipated to rise by 2.5%, also matching January's figures, indicating persistent inflation above the Federal Reserve's 2% target [1][1][1] - The Iran conflict has altered the inflation outlook by increasing energy prices, which could pose additional inflation risks despite the CPI report suggesting a stable inflation environment prior to the war [1][1][1] Economic Implications - A flat inflation rate, while still above the Fed's target, suggests that inflation was not a significant threat before the Iran war, but the conflict has introduced new risks [1][1][1] - The Federal Reserve is closely monitoring inflation data to determine potential interest rate cuts, which could lower borrowing costs and support the job market, although many policymakers prefer to maintain current rates to avoid exacerbating inflation [1][1][1] - Two opposing forces are influencing consumer prices: tariffs are increasing prices for physical goods, while decelerating rent increases are exerting downward pressure on overall inflation [1][1][1]
How the Financial Sector Views Kraken's ‘We're the Bankers Now' Claim
PYMNTS.com· 2026-03-09 21:02
Regulators view it as a test case, assessing whether crypto firms can safely operate within the U.S. payments system and regulatory framework.Banks warn of uneven regulation, arguing crypto institutions could gain Fed infrastructure benefits without the same capital, insurance and oversight requirements.The financial industry in the United States rests in part on an architecture of trust and institutional legitimacy.By completing this form, you agree to receive marketing communications from PYMNTS and to th ...
Oil Shock and Geopolitical Tensions Send Wall Street Reeling as Brent Hits $120
Stock Market News· 2026-03-09 20:07
Market Overview: A Sea of Red Amid Energy CrisisU.S. equity markets faced a grueling session on Monday, March 9, 2026, as a perfect storm of geopolitical instability and energy supply shocks sent major indexes tumbling. The primary catalyst was a dramatic escalation in the Middle East conflict, which saw Brent crude oil briefly spike to nearly $120 per barrel following the closure of the Strait of Hormuz. While prices pared some gains late in the day on news of a potential G7 coordinated oil reserve release ...
What is interest and how does it work?
Yahoo Finance· 2026-03-09 17:27
Key takeaways Interest can be charged when you borrow money or earned when you save. When you charge something on a credit card or take out a loan from a financial institution (student loan, auto loan, mortgage, etc.), you’re charged interest for borrowing that money. You can also earn interest in the form of a yield on interest-bearing accounts, such as savings accounts. Interest is either the cost of borrowing money or the reward for saving or investing it — depending on which side of the transa ...
The Big 3: TSM, GLD, GS
Youtube· 2026-03-09 17:01
And it's time for the big three. We've got three stocks, three charts, and three trades for you today. Rick Dat of course will take us through the charts.And here to take us through the trades today, Scott Bowerer, the CEO over at Prosper Trading Academy. Scott, great to have you with us. You know, a bit of a wild day.We are off of session lows, but still, you know, firmly trading down in the red here. A lot of concerns about oil prices. We're we're right about 100.I think we dipped under we're dipping unde ...
UK would support release of emergency oil stocks after price spike, finance minister says
Reuters· 2026-03-09 16:47
Core Viewpoint - The UK is prepared to support the release of emergency oil reserves in response to rising oil prices due to renewed conflict in the Middle East, as stated by Finance Minister Rachel Reeves [1]. Business - Cboe plans to launch prediction market contracts that will offer partial payouts based on the accuracy of traders' predictions, moving away from the traditional all-or-nothing format [1]. - Shell is set to offload Jiffy Lube and Premium Velocity to Monomoy Capital for $1.3 billion [1]. Energy - The potential release of oil reserves is being discussed among G7 finance ministers as a coordinated response to the spike in oil prices [1]. - The current situation in the Middle East is causing significant volatility in energy markets, prompting discussions on measures to stabilize prices [1].