QSG Research

Event intelligence for professional traders. Special situations, index events, corporate actions, earnings, macro and market mechanics. By QSG.

[QSG Research @QSG_Research]

MARKET INTELLIGENCE: Tue 18 Aug

OVERNIGHT
• Qalibaf says Hormuz Strait stays closed pending US deal conditions.
• Brookfield bids $2.9 billion for Reliance Worldwide.
• TPG Global makes $468 million EQT takeover proposal.
• CSL forecasts no revenue growth amid restructuring.
$USO

PREMARKET
SPX -0.5% NDX -1.2% RTY -0.3%
Crude +0.4% Gold -0.7% Dollar +0.0% US20y -0.1%
China +0.3% Bitcoin -0.4%

ECONOMICS
08:30 Housing Starts, 09:15 Industrial Production

For informational purposes only. Not a recommendation to buy or sell any security.

[QSG Research @QSG_Research]

The language reprises Ghalibaf's March retaliation pledge tied to Minab, without a new operational or diplomatic step.

$USO

For informational purposes only. Not a recommendation to buy or sell any security.

[QSG Research @QSG_Research]

BREAKING: GHALIBAF VOWS IRAN WILL PUNISH AGGRESSOR $USO

[QSG Research @QSG_Research]

It follows two successive three-day partial walkouts in July, after wage talks had stalled at 15 rounds.

$EWY

For informational purposes only. Not a recommendation to buy or sell any security.

[QSG Research @QSG_Research]

BREAKING: HYUNDAI MOTOR UNION TO STAGE FIVE DAY STRIKE $EWY

[QSG Research @QSG_Research]

This repeats the position Tehran set out in July. The Oman transit plan was nearing a joint statement, but it didn't settle reopening after the interim deal's deadline passed.

$USO

For informational purposes only. Not a recommendation to buy or sell any security.

[QSG Research @QSG_Research]

BREAKING: QALIBAF SAYS HORMUZ STRAIT STAYS CLOSED PENDING US DEAL CONDITIONS $USO

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BREAKING: COSCO, CMES HALT OIL TANKER TRANSPORT THROUGH HORMUZ AND BAB AL MANDEB $FXI

[QSG Research @QSG_Research]

BREAKING: UKRAINE LAUNCHES 620 DRONES AT MOSCOW, SURROUNDING AREAS - Reuters $USO

[QSG Research @QSG_Research]

Jazan was closed after the July 27 attack, so this is a repeat strike claim against a site already disrupted.

$USO

For informational purposes only. Not a recommendation to buy or sell any security.

[QSG Research @QSG_Research]

BREAKING: HOUTHIS SAY THEY ATTACKED SAUDI ARAMCO JAZAN REFINERY WITH DRONES $USO

[QSG Research @QSG_Research]

This follows the capital-structure review disclosed last September and missed coupons on both note series. Parent exposure remains through its support for the Mexico terminal financing.

$BAK

For informational purposes only. Not a recommendation to buy or sell any security.

[QSG Research @QSG_Research]

BREAKING: BRASKEM MEXICO UNIT FILES FOR BANKRUPTCY PROTECTION - Bloomberg $BAK

[QSG Research @QSG_Research]

It repeats a May threat. The Strait has stayed closed since Feb. 28, so it doesn't create a new Korea-specific catalyst for $EWY.

For informational purposes only. Not a recommendation to buy or sell any security.

[QSG Research @QSG_Research]

BREAKING: TRUMP THREATENS TO BOMB OMAN OVER IRAN DEAL - Reuters $EWY

[QSG Research @QSG_Research]

Brookfield's made three lower approaches since April and got two months of access before this one. Exclusivity ends 15 September, with any signed deal including a 30 day go shop.

$BN

For informational purposes only. Not a recommendation to buy or sell any security.

[QSG Research @QSG_Research]

BREAKING: BROOKFIELD BIDS $2.9 BILLION FOR RELIANCE WORLDWIDE - Reuters $BN

[QSG Research @QSG_Research]

$TPG also announced its Kinetic investment last year. EQT's full year results are due Thursday, putting fresh earnings into the record.

For informational purposes only. Not a recommendation to buy or sell any security.

[QSG Research @QSG_Research]

BREAKING: $TPG GLOBAL MAKES $468 MILLION EQT TAKEOVER PROPOSAL - Reuters

[QSG Research @QSG_Research]

The late July rebound failed within two days. The alternative routes still lack the central passage's capacity.

$USO

For informational purposes only. Not a recommendation to buy or sell any security.

[QSG Research @QSG_Research]

BREAKING: HORMUZ CROSSINGS REMAIN IN SINGLE DIGITS, RISE SLIGHTLY - Reuters $USO