Section
Analysis
Mortgage hedging returns as 10-year yield tests 4.69%
Mortgage hedging is back in the Treasury market as higher yields extend MBS duration and risk amplifying the bond selloff.
SpaceX IPO filing sets $75bn test for 2026 deals
SpaceX IPO filing sets a $75bn fixed-price test as investors weigh Musk control, AI infrastructure costs and the 2026 listing window.
Broadcom AI outlook tests chip rally’s perfection trade
Broadcom AI outlook disappointed investors because strong growth was no longer enough after a $280bn run-up in the chipmaker’s shares.
China AI trade drains Hong Kong stocks’ flow lifeline
Hong Kong stocks are losing mainland capital as China’s AI trade pulls investors onshore and policy narrows offshore routes.
Bitcoin drops below $66K as IPOs drain crypto liquidity
Bitcoin dropped below $66,000 as ETF outflows, leverage unwinds and mega-IPO demand pulled liquidity away from crypto.
Anthropic IPO lead over OpenAI turns into timing trade
Anthropic IPO timing may decide how public investors price OpenAI, SpaceX and the $4tn AI listing wave before filings expose cash burn.
OpenAI lawsuit puts AI IPO valuations on notice in 2026
OpenAI lawsuit risk now sits inside AI IPO pricing as Florida's case adds liability, governance and timing pressure to the listing race.
RBI gold sales show how war pressure reaches reserves
RBI gold sales may show how India is trading bullion for liquid FX assets as war-driven oil shocks and capital outflows hit reserves.
ING vibe coding pushes AI into trading systems at banks
ING vibe coding is moving from software demos into trading systems, compressing build times while raising audit and staffing questions.
ASX shares near decade low as cost blowout resets value
ASX shares near a decade low after cost guidance and broker downgrades turned its technology rebuild into a valuation test.
Grocery inflation 2026: El Niño, Iran hit food costs
Grocery inflation 2026 is shifting from energy shock to supermarket squeeze as food-at-home prices rise 2.9 per cent.
Weak rupee 2026: India's oil shock masks deeper strain
Weak rupee pressure is turning India's oil shock into a capital-flow test as RBI defence, import costs and reserves strain collide.
SpaceX’s IPO asks shareholders to trust Musk, not the rules
SpaceX IPO governance risk starts with Elon Musk’s 1.3 billion voting shares, a loyalist board and limited recourse for outside investors.
Starlink's American Airlines win adds to SpaceX's IPO case
American Airlines' Starlink deal adds a fresh enterprise proof point to SpaceX's IPO story, but it does not settle the valuation debate.
Starlink price hike during Iran war shows SpaceX leverage
Starlink price hike during the Iran war shows how dependent the Pentagon has become on SpaceX for drone connectivity and wartime bargaining power.
A forgotten Hong Kong listing format is back
Hong Kong HDR listing plans by Merdeka Gold would revive a 12-year-dormant format and test Asia's IPO appetite beyond China.
Yen carry trade risk rises as Stephen Jen sees rebound
Yen carry trade risk is rising as Stephen Jen, BofA and Japan's ¥11.73 trillion intervention point toward a stronger currency.
DeFi TVL slides 14% as KelpDAO exploit chills risk
DeFi TVL slides 14% to $148 billion after the KelpDAO exploit, showing bridge risk is still pushing capital out of the sector.
EU merger policy confusion chills Europe M&A revival
EU merger policy confusion is making advisers price Brussels risk more cautiously as officials debate scale, innovation and scrutiny.
AI IPO valuations face fresh risk after Trump's order retreat
AI IPO valuations face fresh risk after Trump killed a draft review order, forcing investors to rethink governance, pricing and policy discounts.
Gulf AI data-center bets face a war-risk repricing
Gulf AI data-center economics are being repriced as war risk, higher power costs and redundancy demands raise the hurdle rate for new campuses.
DeepSeek turns an AI price war into an IPO margin test
DeepSeek price cut turns a temporary AI skirmish into a lasting margin test for OpenAI and Anthropic as investors size up 2026 IPOs.
SpaceX’s S-1 is Musk’s Berkshire Hathaway pitch
SpaceX’s S-1 makes the clearest case yet that Elon Musk wants public investors to back a capital-allocation conglomerate, not just a rocket company.
Nvidia's $18.6bn venture trail changes the AI trade
Nvidia venture investments reached $18.6 billion in one quarter, raising questions about AI demand, counterparty risk and the cash trail behind the boom.
SpaceX and OpenAI mega-IPOs flash a market-top warning
Mega-IPOs in 2026 are becoming a sentiment test as SpaceX, OpenAI and Anthropic challenge how much valuation and supply markets can absorb.
