The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.

1117 ET - The $10.8 billion Amazon-Globalstar deal likely improves the strategic outlook for MDA Space. Canada's MDA has a $1.1 billion contract with Globalstar as its prime contractor on the low Earth orbit constellation, which Globalstar operates and Apple uses for its own satellite connection. With Amazon now in the picture, Globalstar's satellite infrastructure could become more flexible, creating a more open environment for third-party technology providers, since Amazon still needs to differentiate its satellite ambitions and close the gap with SpaceX. Desjardins analyst Benoit Poirier thinks the positioning increases the likelihood that Amazon will seek external expertise, which could create new collaboration opportunities for MDA as Amazon builds out its network. MDA shares are up 8.6% to C$46.81. (adriano.marchese@wsj.com)

1114 ET - Markets took the results of Hungary's election well, but further gains may be more limited and conditional on concrete results by Peter Magyar's Tisza government, Capital Economics' Thomas Mathews says. If there was a risk premium during Viktor Orban's leadership, it was in the low valuation of Hungary's stock market, though that already began to fade before the election, he says. While that doesn't rule out further gains in Hungary's markets on its own, it could limit their size. Indeed, there's a long list of institutional reforms and Tisza may struggle to reduce the fiscal deficit as much as it plans. "Our sense, therefore, is that to keep the party going, [Tisza] will have to show concrete results," Mathews says. (edward.frankl@wsj.com)

1111 ET - Hungary's incoming Tisza government faces tight political and financial deadlines, Liam Peach at Capital Economics says in a note. The most urgent constraint is the EU Recovery and Resilience Facility deadline of August 31. This will require anti-corruption and rule-of-law reforms to unlock roughly 10 billion euros in frozen funds. The government must also deal with expiring domestic price caps on food, utilities and fuel, which risk pushing up inflation if removed too quickly, Peach says. An early budget will be needed to restore credibility and potentially unwind some Orban-era measures, he adds. "Aware of this, Tisza will likely aim for quick progress on reforms within its first month in government," Peach says. (don.forbes@wsj.com)

1102 ET - Gold prices extend gains as oil eases below $100 a barrel on hopes of further dialogue between the U.S. and Iran. New York futures rise 1.1% to $4,822.50 a troy ounce. "The downside potential for prices is limited by the fact that virtually no further Fed rate cut is priced in until the end of the year," says Carsten Fritsch from Commerzbank. "As long as the market does not begin to seriously consider a rate hike by the U.S. Federal Reserve--there are no signs of this so far--the gold price is unlikely to fall much further." Meanwhile, silver futures gain 4.8% to $79.28 an ounce, while platinum is up 1.1% to $2,100.80 an ounce. (giulia.petroni@wsj.com)

1058 ET - Investors are wary of missing out on European stock-market gains and are consequently avoiding rebalancing their portfolios into cash, Bank of America's European fund manager survey for April shows. The survey shows 46% of respondents are worried about reducing European equity stakes too much and potentially missing out on a market recovery. The number of investors holding this view jumps from 26% in March. Investors remain confident in European stock market performance, with a net 33% anticipating a market rise. However, confidence levels for European equity outperformance over the next year have decreased by 8 percentage points, according to the survey. (julia.nasser@wsj.com)

1011 ET - Birkenstock is showing signs of picking up this spring, says Seaport analyst Mitch Kummetz, upgrading the stock to buy from neutral with a $52 price target. "We believe that Birkenstock demand trends have improved for spring, and we're now less concerned about the fall 2026 setup," the analyst says in a report about the footwear company known for its iconic cork-soled sandals. Prior to the upgrade, the analyst says trends were showing signs of softness around the holiday period, and there were some doubts about whether the demand would pick up for spring and summer. But those concerns didn't materialize. Going into F2Q results, Kummetz thinks the company has the ability to achieve or even exceed its own guidance. (adriano.marchese@wsj.com)

0950 ET - Across JPMorgan's portfolio, gas and energy accounts for about 3% of the typical consumer's expenditures, executives say on a call with analysts. "It's not nothing, but it's not overwhelming," they say. Currently, the bank is looking for evidence of consumers trading down or decreasing other discretionary spending in order to account for higher gas prices. "But it's just kind of not enough yet to be visible," executives say. "It remains fundamentally the case that the biggest single reason that consumer credit performance is healthy is that the labor market is strong," they say.(connor.hart@wsj.com)

0945 ET - JPMorgan CEO Jamie Dimon says private credit likely lacks the scale to trigger a crisis akin to past downturns. "I don't think it's systemic," he says on a call with analysts. Dimon acknowledges that underwriting standards have weakened in some areas and that a credit cycle is inevitable, but says any resulting losses are unlikely to pose systemic risks. He pegs private-credit and leveraged-lending markets at roughly $1.7 trillion, modest compared with much larger segments such as investment-grade debt and mortgages. Still, Dimon cautions that losses in a downturn could be worse than markets currently expect, particularly given looser lending standards in recent years. (connor.hart@wsj.com)

0942 ET - JPMorgan CEO Jamie Dimon says cybersecurity is currently JPMorgan's largest risk. "We spend a lot of money. We've got top experts. We're in constant contact with the government. We're constantly updating things," he says on a call with analysts. "AI has made it worse. It's made it harder." Dimon says the company is currently testing Anthropic's Mythos model, looking at whether it creates additional vulnerabilities. "While we're trying to get the benefits of AI, we also are very cognizant of the risk of cyber," he says. (connor.hart@wsj.com)

0934 ET - LVMH's underlying improvement is overshadowed by the war in the Middle East, UBS analysts say. The French luxury-goods giant reported weaker-than-expected sales for the first quarter and pointed to a disrupted economic and geopolitical environment, hit by the Iran conflict. "This impact overshadowed the ongoing, steady improvement in the underlying business," the analysts write in a research note. However, they say that fundamentals continue to move in the right direction, with Dior showing improving trends and nearly all markets getting better sequentially. The stock is down 1.8%. (andrea.figueras@wsj.com)

0928 ET - JPMorgan CEO Jamie Dimon says the bank is proactively deploying artificial-intelligence tools for clients, such as a cash-flow-forecasting tool for corporate treasury clients that supports smarter liquidity management. Currently, Dimon is just focused on making sure these tools provide additional value to clients. "It may squeeze some margin somewhere and create more competition somewhere," he says on a call with analysts. "That's life. Jeff Bezos always says, 'Your margin is my opportunity.' And I kind of agree with that." Dimon adds that the technology is still in early stages. (connor.hart@wsj.com)

0925 ET - Citigroup recorded a higher provision for credit losses, which offset some of its profit gains in the quarter, partially due to macroeconomic uncertainty. The company said its provision for credit losses was $2.8 billion, reflecting $2.2 billion of net credit losses and a net allowance for credit losses build of $597 million, which it says was driven by "portfolio quality, including seasonal mix changes, as well as increased uncertainty in the macroeconomic outlook." In the year-ago quarter the provision of credit losses was $2.7 billion, reflecting $2.5 billion of net credit losses and a net allowance for credit losses build of $264 million. (nicholas.miller@wsj.com)

(END) Dow Jones Newswires

April 14, 2026 11:17 ET (15:17 GMT)

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