Jersey Mike's, a sandwich chain, has confidentially filed for an IPO, following Blackstone's acquisition of a majority stake in 2024. The deal valued the company at approximately $8 billion. The IPO aims to expand the company's growth and market presence, with no specific timeline announced. This move reflects ongoing private equity interest in the fast-food sector.
China may allow a record 9% yuan rally this year to boost confidence and support exports, says Stephen Jen of Eurizon SLJ Capital. The move aims to strengthen the currency amid economic recovery efforts, potentially improving purchasing power for Chinese companies abroad. The yuan's appreciation could influence global trade and capital flows in 2026.
Italy aims to keep its budget deficit below 3% of GDP in 2026, despite a downward growth forecast caused by the Iran war. The government remains committed to meeting EU fiscal rules, even as economic growth slows. The country’s efforts reflect ongoing fiscal discipline amid geopolitical tensions impacting economic prospects.
Fitch Ratings predicts Mozambique may restructure its debt before securing a new IMF deal. The agency highlights the likelihood of a debt restructuring as a key step in the country's economic recovery process, though no specific dates or amounts have been disclosed. This development signals ongoing financial challenges for Mozambique amid its efforts to stabilize its economy.
Cleveland-Cliffs CEO says the company is no longer in a rush to finalize a deal with POSCO, citing rising US steel prices and strong auto industry demand. The shift reflects improved market conditions, giving Cleveland-Cliffs more leverage and flexibility in negotiations, potentially delaying the deal’s closure until market dynamics stabilize further.
BNP Paribas CIO Ecaterina Bigos highlighted that oil prices are expected to stabilize between $80 and $90 by mid-summer amid ongoing volatility and geopolitical uncertainty. She emphasized the long-term growth potential in sectors like technology, driven by AI-related investments, which have experienced rerating and are projected to maintain momentum through the end of 2026.
U.S. Treasury yields increased across two, ten, and thirty-year maturities due to inflation concerns and slower economic growth, according to Deepali Bhargava of ING. The rise reflects market skepticism amid geopolitical tensions, with yields climbing as investors react to inflation fears. The trend underscores ongoing macroeconomic uncertainty as of April 2026.
