Private Equity Bros Weekly

📊 Weekly Summary

Here’s a quick recap of the major finance headlines from last week.

Fed Chair Powell hinted at smaller rate cuts, setting the tone for shifts in US monetary policy. Global debt issuance hit a record $600B, and US port workers’ strikes raised concerns for the economy. Eurozone inflation fell below 2%, signaling some relief.

Meanwhile, Japan’s M&A boom is boosting Asia, and China pledged to strengthen its ETF market. As J.P. Morgan launches a $10B private credit partnership amid growing economic concerns, markets remain uncertain.

📈 Recent Finance News

J Powell signals gradual rate cuts ahead: Powell suggested a slower pace for future rate cuts, signaling a cautious approach by the Fed (CNBC)

Global debt issuance hits September record of $600B: Borrowers raised record amounts last month amid financing surge (TEM)

US ports strike causes first shutdown in 50 years: Ongoing port strikes threaten to disrupt US supply chains and slow economic growth (BBC)

Eurozone inflation drops below 2%, easing pressure: Eurozone inflation drop provides relief amid Europe's economic recovery (Reuters)

US job openings rise to 8 million: US job openings spiked unexpectedly, underscoring labor market resilience (ABC News)

Asia cross-border M&A recovery fueled by Japan boom: Cross-border M&A deals have rebounded as companies pursue growth abroad (Reuters)

China to boost ETF market: China pledged to expand its ETF market, aiming to deepen financial markets and attract investors (FT)

J.P. Morgan initiates $10B private credit partnership: JPM taps into the growing demand for alternative financing (YF)

Finance firms' concerns about global economy hit 5-year peak: More companies are concerned about the macroeconomic outlook (Reuters)

BOJ signaled a rate hike pause amid Fed cut: Bank of Japan’s rate-hike pause diverges from global trends as Fed signals easing (Reuters)

🔍 Newly Released Reports  

• US Economic Outlook and Challenges (Nordea)

• Global Macro-economic Outlook (DBnomics) 

• The Future of European Competitiveness (EWI)

• Handbook: Statement of Cashflows (KPMG)

• Handbook: Fair Value Measurement (EY)

• Guide to the Markets (J.P. Morgan) 

🤝 M&A Activity

FTC clears Chevron-Hess deal, bans John Hess from board (CNBC)
Deal Value: $53B

ADNOC to buy German chemicals firm Covestro (HP)
Deal Value: $16.3B

Marsh McLennan to acquire McGriff Insurance (DI)
Deal Value: $7.8B

TPG taps out AT&T, acquires its stake in DirecTV (PB)
Deal Value: $7.6B

TPG and GIC agreed to buy German energy company Techem (EM)
Deal Value: $7.5B

Verizon signs tower lease deal with Vertical Bridge (Investopedia)
Deal Value: $3.3B

PepsiCo makes an offer to buy Better-for-You food brand (PG)
Deal Value: $1.2B

Blue Owl in talks to buy digital infrastructure investor IPI Partners (YF)
Deal Value: $1B

Real assets investor Tailwater Capital to acquire Summit Midstream (PRN)
Deal Value: $450M

Qatar Airways to acquire a 25% stake in Virgin Australia from Bain (UoS)
Deal Value: Undisclosed