New York, 10 March 2026 – Global capital markets remain active despite heightened geopolitical tensions and recent market volatility, according to a senior executive at JPMorgan Chase & Co..
Kevin Foley, the bank’s global head of capital markets, said dealmaking and financing activity continue to move forward even as investors navigate uncertainty triggered by geopolitical developments and commodity price swings.
“They’re very much open,” Foley said during a Bloomberg Television interview, referring to the current state of capital markets.
Deals Continue Despite Market Turbulence
While the recent spike in energy prices and geopolitical tensions have unsettled global markets, Foley noted that companies are still accessing financing through both equity and debt markets.
Investment banks have continued to work with corporate clients to raise capital, refinance existing debt and complete strategic transactions, indicating that liquidity in financial markets remains available despite heightened volatility.
Market participants say companies approaching the market now are doing so selectively, balancing the urgency of funding needs against the risk of pricing uncertainty.
Investor Appetite Still Present
Despite market swings, investors continue to show interest in new issuance across multiple asset classes, including corporate bonds and leveraged loans.
The ability of companies to raise capital in this environment reflects the depth of global financial markets and the significant amount of liquidity still circulating within the system.
Foley indicated that many investors remain active and willing to deploy capital, particularly when deals offer attractive risk-adjusted returns.
Volatility Not Halting Deal Flow
Recent geopolitical tensions, including conflict risks in the Middle East and volatility in energy markets, have contributed to market swings across equities, commodities and currencies.
However, such conditions have not completely halted capital-raising activity.
Bankers say that in many cases, corporations and private-equity firms are accelerating financing plans to secure funding before conditions potentially tighten further.
The environment has therefore created a more tactical approach to dealmaking, where timing and pricing discipline have become increasingly important.
Capital Markets Outlook
According to Foley, the continued functioning of capital markets demonstrates the resilience of the global financial system even during periods of uncertainty.
The ability of companies to access financing is particularly important for mergers and acquisitions, refinancing activity and corporate expansion plans.
For investors and businesses alike, the message from Wall Street is that while volatility may influence pricing and timing, capital markets remain operational and capable of supporting major transactions.
Source: Bloomberg
