13 March 2026 Eliot Camplisson* Co-Head GIR Asia-Pacific & Global Equity Research The Hongkong and Shanghai Banking Corporation Limited eliot.camplisson@hsbc.com.hk +852 2822 1622 Global Sector Analyst Energy disruption: second-order consequences As the Middle East conflict continues, the next-order effects have begun to form. Our global equity teams look across their coverage, identifying key areas to watch and the stocks that would be most and least impacted by a prolonged conflict. As oil & gas prices ha ...

Market Overview - The current market sentiment is mixed and uncertain, influenced by recent geopolitical and oil shocks [2][5] - Historical data shows that after oil prices increase by 20% over two days, stocks have risen six out of seven times in the following year, averaging a gain of 24% [3][4] - Geopolitical shocks since the Korean War have led to an average stock gain of 14.2% a year later, indicating resilience in the market [4] Oil and Energy Sector - Oil prices are currently at $94.89 per barrel, and the decline in oil prices has provided a boost to stocks [1] - The energy sector is performing well, benefiting from both the AI infrastructure boom and the ongoing conflict in the Middle East, which is expected to drive energy prices higher [12] - The financial sector, in contrast, is facing challenges due to private credit fears and major banks controlling withdrawals, leading to increased uncertainty [12] Technology Sector - The "MAG 7" tech stocks have underperformed year-to-date, despite being strong performers in previous years [14] - There is a notable rotation out of tech stocks, with the S&P 493 outperforming the S&P 500, indicating a shift in market dynamics [15] Federal Reserve and Interest Rates - The market does not anticipate interest rate cuts in the near term, with expectations for cuts being pushed further into the year due to inflation fears and oil shocks [17] - There is speculation that the Federal Reserve may implement more cuts than currently priced in by the market [17] Investor Sentiment - Current bearish sentiment is high, with many investors feeling pessimistic due to negative headlines; however, historical trends suggest that markets tend to recover over time [18]

First Bancorp. to Announce 1Q 2026 Results on April 22, 2026 Mar 16, 2026 5:17 PM Eastern Daylight Time First Bancorp. to Announce 1Q 2026 Results on April 22, 2026 Share SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp (the "Corporation†) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that it expects to report its financial results for the first quarter ended March 31, 2026, before the market opens on April 22, 2026. First BanCorp will hold a conference call and liv ...

Core Insights - The article discusses two popular savings options: multi-year guaranteed annuities (MYGAs) and certificates of deposit (CDs), highlighting their fixed interest rates and appeal to savers seeking predictable earnings without stock market volatility [1][2]. MYGA Overview - A MYGA is an insurance product that provides a guaranteed interest rate over a specified period, typically used for retirement savings [3]. - MYGA contracts generally last between three to ten years, with interest rates potentially reaching up to 7.5% or higher, depending on the issuer and deposit amount [4]. - Withdrawals from MYGAs before maturity may incur penalties as high as 10% [4]. - MYGAs offer tax-deferred growth, meaning taxes on interest are paid upon withdrawal rather than annually, allowing for more time to accumulate compound interest [5]. CD Overview - A CD is a deposit account available at banks and credit unions, offering fixed interest rates for terms ranging from a few months to several years, with current best rates around 3%-4% APY [5]. - Early withdrawals from CDs typically result in penalties equivalent to several months' worth of earned interest, and taxes on CD interest are due annually [6]. Key Differences - Both MYGAs and CDs provide guaranteed returns with low risk, but the main risk of loss arises from early withdrawals incurring fees [6]. - MYGAs generally require larger minimum deposits, often between $5,000 and $25,000, while many CDs start at $500 [7]. - MYGA contracts usually have a minimum duration of three years, compared to CDs that can have terms starting from just a few months [7]. Suitability - MYGAs are recommended for individuals with larger deposits and longer savings timelines, particularly those who do not need access to their funds for several years [10]. - MYGAs can offer faster growth due to tax-deferred interest, making them suitable for retirees or those nearing retirement who want to avoid market risks [11]. - CDs are better suited for short- to mid-term savings goals, such as purchasing a car within two years, as they typically offer higher rates than traditional savings accounts and provide penalty-free access at maturity [12][13].

-- The Stocks Goldman Sachs Thinks You Should Own as Iran War Stretches Into a Third Week Stocks Surge as Oil Prices Slide While trading has been volatile, experts at Goldman Sachs don't expect the war in Iran to derail the three- year-old bull market. While the conflict has increased downside risks, they wrote Friday "the baseline outlook for US equities remains constructive." Nonetheless, the war has changed Goldman's outlook for individual sectors and factors. What to Expect From Nvidia's GTC The Fed Wil ...

🤖TECH: @XAI HIRING WALL ST BANKERS TO TEACH GROK FINANCExAI is seeking to hire bankers and private credit experts to improve its Grok chatbot's finance strategy according to job listings posted on its website.They are seeking finance professionals to tutor Grok on a wide range of financial markets and investing strategies, including structured finance and credit products, private credit, portfolio management, equity, M&A, and quantitative analysis. ...

Kering forms new jewelry division | Reuters Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv The Kering logo is seen during Kering Innovation Day 2026 at the company's headquarters in Paris, France, January 22, 2026. REUTERS/Gonzalo Fuentes Purchase Licensing Rights, opens new tab Companies Kering SA Follow Sign up here. The jewelry sector is seen as less exposed to the cycles of the fashion industry and helped some of Kering's main rivals l ...

🚨 NEW: Elon Musk’s xAI is hiring Wall Street bankers and traders to train Grok on financial modeling amid layoffs and leadership changes at the company. https://t.co/1VvdrGGhPq ...

Good afternoon everyone and uh thanks GIP for calling me to this wonderful event. It's it's it's an honor. Um and uh the theme of the talk is in uh on my first slide uh misallocation and economic growth but to motivate my talk let me begin with a picture and the picture is kind of self-explanatory but nonetheless let me go and explain it a bit.There's this young entrepreneur, small but has great ideas but is struggling for some money, struggling for finance. And then there is this big company uh the problem ...

IEA members could release more oil stocks 'as and if needed,' agency chief says | Reuters Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv International Energy Agency (IEA) Executive Director Fatih Birol speaks during a press conference in Istanbul, Turkey, March 12, 2026. REUTERS/Dilara Senkaya Purchase Licensing Rights, opens new tab PARIS, March 16 (Reuters) - Member countries of the International Energy Agency could release more oil into ...