Donny DBM/iStock via Getty Images Market Review The first quarter of 2026 was challenging for global growth equities. Geopolitical uncertainty rose sharply, and the escalating conflict with Iran drove a spike in oil prices. Markets rotated decisively toward lower-valuation, more defensive areas, pressuring higher-growth, longer-duration stocks. This shift also weighed on consumer-oriented areas wh...
Donny DBM/iStock via Getty Images Market Review The first quarter of 2026 was challenging for global growth equities. Geopolitical uncertainty rose sharply, and the escalating conflict with Iran drove a spike in oil prices. Markets rotated decisively toward lower-valuation, more defensive areas, pressuring higher-growth, longer-duration stocks. This shift also weighed on consumer-oriented areas where sentiment was already softening. Leadership was decisive: low-valuation outperformed high-valuation, low-growth outperformed high-growth, and even the lowest expected sales-growth companies outpaced higher sales-growth peers. These characteristics extended the 2025 rotation and created a significant headwind for growth strategies. Source: Morningstar as of 3/31/2026. Used with permissions. Global represented by the MSCI ACWI Index, U.S. represented by the S&P 500 Index, Developed ex-U.S. represented by the MSCI ACWI ex-U.S. Index, Emerging Markets represented by the MSCI Emerging Markets Index. Sector Performance The MSCI All-Country World Index ( ACWI ) returned -3.2% in the quarter. Quarter performance was driven by the Energy, while Health Care, Financials, Information Technology, Communication Services, and Consumer Discretionary were all negative. MSCI ACWI SECTOR RETURNS (%) 1Q26 1-Year Energy 33.81 40.22 Utilities 8.57 26.54 Materials 6.67 34.67 Consumer Staples 3.45 6.86 Industrials 2.54 26.41 Real Estate 0.20 4.41 Health Care -4.41 4.79 Financials -6.52 14.00 Information Technology -6.69 33.64 Communication Services -7.79 25.57 Consumer Discretionary -10.83 6.05 Source: Morningstar as of 3/31/2026. Used with permissions. Click to enlarge Fund Performance The PGIM Jennison Global Opportunities Fund returned -11.7%, underperforming the MSCI ACWI Index for the quarter. Jennison believes the drawdown has created a compelling valuation opportunity. The Fund is now trading meaningfully below its long-term expected earnings growth rate, an unusual disconnect and below...
刚刚过去的夏日游戏节（Summer Game Fest），国产游戏迎来了一轮集体高光。 夏日游戏节次日（6月7日），网易《归唐》官方账号放出19分钟完整实机演示视频，在哔哩哔哩播放量超1084万，评论超3.6万，并迅速登上全站排行榜单top1。同样吸睛的还有烛龙IP续作《古剑》，其官方账号于6月6日发布的3分钟战斗实机视频观看量超554万，并同步开启7月份的线下试玩招募，新一轮话题已在路上。 与此...
SpaceX raised $2.2 billion from Japanese investors, according to a regulatory filing on Friday, as part of the world’s largest-ever initial public offering . ELon Musk ’s rocket, satellite and artificial intelligence conglomerate reserved 16.3 million of Class A shares for the offering in the country, or about 3% of the total. That made it the biggest first-time share sale in Japan since JX Advanc...
SpaceX raised $2.2 billion from Japanese investors, according to a regulatory filing on Friday, as part of the world’s largest-ever initial public offering . ELon Musk ’s rocket, satellite and artificial intelligence conglomerate reserved 16.3 million of Class A shares for the offering in the country, or about 3% of the total. That made it the biggest first-time share sale in Japan since JX Advanced Metals Corp.’s IPO last year. The company aimed to raise $2 billion to $2.5 billion from Japanese investors, it said in a local filing last week. Japan was the only country in Asia, along with Australia, Canada and parts of Europe, where retail buyers had direct access to the offering. The Japanese portion was run by Mizuho Financial Group Inc., whose US investment banking unit is one of the 23 underwriters. Mizuho handled investor orders through its local brokerage as well as online brokers Rakuten Securities Inc. and SBI Securities Co. SpaceX raised $75 billion in the IPO globally, pricing 555.6 million shares at $135 each. The IPO was said to be more than four times oversubscribed. Read More: Japan’s Retail Investors Flock to SpaceX After IPO Drought (1)
Veteran Capital Corp. ( VCC.P:CA ) said it has terminated its letter of intent with Powerhive Inc. for a proposed qualifying transaction after the company failed to secure required financing and execute a definitive agreement within agreed deadlines despite multiple extensions. The TSX Venture Exchange-listed company said the proposed deal was abandoned because Powerhive did not meet key condition...
Veteran Capital Corp. ( VCC.P:CA ) said it has terminated its letter of intent with Powerhive Inc. for a proposed qualifying transaction after the company failed to secure required financing and execute a definitive agreement within agreed deadlines despite multiple extensions. The TSX Venture Exchange-listed company said the proposed deal was abandoned because Powerhive did not meet key conditions outlined in the letter of intent, bringing an end to discussions on the transaction. Veteran intends to continue its search for a qualified transaction with an alternative party. More on Veteran Capital Corp. Financial information for Veteran Capital Corp.
Key PointsThe bullish buzz surrounding SpaceX’s initial public offering isn’t likely to last for more than a few days, setting the stage for a pullback from the stock.
Key PointsThe bullish buzz surrounding SpaceX’s initial public offering isn’t likely to last for more than a few days, setting the stage for a pullback from the stock.
Junghee Ryu, Founder and CEO of South Korean robotics startup, RLWRLD, discusses the company's partnership with Nvidia to build a universal benchmark for evaluating how well robots use their hands to manipulate objects and complete tasks. The company is aiming to develop next-generation industry standards for humanoid robotics. He speaks with Shery Ahn on "Bloomberg: The Asia Trade". (Source: Bloo...
Junghee Ryu, Founder and CEO of South Korean robotics startup, RLWRLD, discusses the company's partnership with Nvidia to build a universal benchmark for evaluating how well robots use their hands to manipulate objects and complete tasks. The company is aiming to develop next-generation industry standards for humanoid robotics. He speaks with Shery Ahn on "Bloomberg: The Asia Trade". (Source: Bloomberg)
chachamal Asian equities traded higheron Friday as hopes for a US-Iran peace agreement sparked a broad risk-on rally across global markets. Global risk appetite improved significantly after US President Trump stated that a deal with Iran could be reached as early as this weekend, following his decision to postpone planned military strikes. In commodities, Brent crude dropped toward $86 per barrel ...
chachamal Asian equities traded higheron Friday as hopes for a US-Iran peace agreement sparked a broad risk-on rally across global markets. Global risk appetite improved significantly after US President Trump stated that a deal with Iran could be reached as early as this weekend, following his decision to postpone planned military strikes. In commodities, Brent crude dropped toward $86 per barrel on Friday, hitting its lowest level in nearly two months. Meanwhile, safe-haven gold prices traded flat near $4,200 an ounce. South Korea's benchmark KOSPI led the regional surge, climbing more than 7% to around 8,315. Japan's ( NKY:IND ) jumped 3.12% toward 67,000, while the broader Topix Index climbed 2.1% to 3,910. Reflecting the risk-on mood, t he Japanese yen weakened to around 160.2 per dollar on Friday, surrendering some of the previous session's gains. On the data front, Japan's industrial production increased by 0.5% in April 2026, lower than the flash data of 0.8% but still marking a solid recovery from the 0.4% decline seen the previous month. China's ( SHCOMP ) advanced 1.38% to above 4,000, while the Shenzhen Component climbed over 1.3% to 15,000 Hong Kong ( HSI ) rose 1.62% or 392 points in early trading on Friday, recovering from losses that pushed the benchmark to an 11-month low in the previous session In India ( SENSEX ) rose 0.95% to 74,697 at the open, rebounding from losses in the previous session. Concurrently, the Indian rupee strengthened to around 95.2 per dollar. Investors now await India’s May inflation report due later in the day, with the annual rate expected to accelerate to 4.0% from 3.48% in April. Australia ( AS51 ) t icked 1.86% to 8,773, reversing weakness in the prior session. The Australian dollar held around $0.70 and was on track to finish the week little changed. This Asian market surge follows a strong Thursday session in the U.S. where, all three major indexes ended higher . I nvestor sentiment was bolstered by a sharp pullback in o...
Alibaba Group Holding ( BABA ) is offering $1.5B to acquire Chinese grocery delivery firm Pupu, initiating a bidding war as part of a broader campaign to wrest market share from Meituan in online commerce, as per Bloomberg News . China’s largest consumer internet platform’s proposed price is more than double an earlier bid from Sun Art Retail, as per the report. Sun Art, a former Alibaba affiliate...
Alibaba Group Holding ( BABA ) is offering $1.5B to acquire Chinese grocery delivery firm Pupu, initiating a bidding war as part of a broader campaign to wrest market share from Meituan in online commerce, as per Bloomberg News . China’s largest consumer internet platform’s proposed price is more than double an earlier bid from Sun Art Retail, as per the report. Sun Art, a former Alibaba affiliate that’s now backed by private equity firm DCP Capital, had proposed a takeover at $600M. Alibaba’s proposal emerged just months after Meituan ( MPNGF ) announced a $717M acquisition of Dingdong Fresh Holding Ltd., after beating out rival bidders. More on Alibaba, Meituan Meituan: Business Recovery Well Underway, Reiterate Buy Meituan: Downgrade To Hold As Structural Recovery Meets Cyclical Stagnation Meituan (MPNGY) Q1 2026 Earnings Call Transcript Alibaba extends decline, down for seventh consecutive trading day Alibaba, JD.com shares fall as Beijing rebukes misleading discount campaigns
President Trump's board at the Kennedy Center is mounting a last-minute effort to keep his name on the facade of the performing arts facility before a court-ordered deadline to remove it by Friday. (Image credit: Rod Lamkey)
President Trump's board at the Kennedy Center is mounting a last-minute effort to keep his name on the facade of the performing arts facility before a court-ordered deadline to remove it by Friday. (Image credit: Rod Lamkey)
(RTTNews) - European stocks may open on a firm note on Friday after U.S. President Donald Trump cancelled a third consecutive day of strikes on Iran, claiming that a peace deal with Tehran is close to being finalized.
(RTTNews) - European stocks may open on a firm note on Friday after U.S. President Donald Trump cancelled a third consecutive day of strikes on Iran, claiming that a peace deal with Tehran is close to being finalized.