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JPMorgan Emerging Europe, Middle East & Africa Securities PLC announced its unaudited net asset value (NAV) as of January 13, 2026, at 68.89 pence per share. Due to the closure of the Moscow Exchange for overseas investors, a fair value valuation methodology was applied to its Russian investments, resulting in a 99% provision for valuation based on historical trade prices. For inquiries, contact Paul Ainger or Paul Winship, Company Secretary.
JPMorgan and Delta Air Lines reported positive Q4 earnings but saw stock declines of over 2% due to cautious economic outlooks. JPMorgan's Q4 sales rose 7% to $45.79 billion, with net income at $13 billion, while Delta's sales increased 3% to $16 billion, with net income at $1.22 billion. Both companies face challenges, including geopolitical tensions and inflation concerns. Analysts suggest that despite the cautious outlook, the stocks may be attractively valued, making them potential buy opportunities post-earnings selloff.
US stock futures remained flat as investors awaited major bank earnings following a pullback in Wall Street. On Tuesday, the Dow fell 0.8%, S&P 500 dropped 0.19%, and Nasdaq Composite decreased by 0.1%. Financial stocks led the decline, particularly JPMorgan, which fell over 4% due to disappointing investment banking fees and concerns over a proposed cap on credit card interest rates. Visa and Mastercard also saw declines. Upcoming earnings from Bank of America, Wells Fargo, and Citigroup are anticipated, amid geopolitical tensions and criticism of the Federal Reserve.
U.S. stocks fell as financials were impacted by JPMorgan's warning about President Trump's proposed cap on credit rates. Geopolitical tensions led to a rise in oil prices and gold hitting new highs. The market saw mixed results with Wall Street in the red, while Japan's Nikkei reached a record high. Gold and silver prices surged, driven by central bank demand and safe-haven buying. The U.S. fourth-quarter earnings season began with mixed results from major banks, overshadowed by Trump's controversial proposals and threats against the Fed Chair.
Wall Street indexes fell as financial stocks were impacted by credit card policy warnings, while gold reached record highs due to expectations of Federal Reserve rate cuts. U.S. inflation data showed a 0.3% rise in the Consumer Price Index, supporting rate cut prospects. JPMorgan's earnings report initially boosted shares but later declined due to concerns over proposed interest rate caps. Oil prices rose amid unrest in Iran, overshadowing supply concerns from Venezuela. The dollar strengthened against other currencies, reflecting market reactions to economic data and geopolitical tensions.