Public Markets 3h Briefing
×Last updated: August 11, 2026, 5:39 AM ET
Top Markets
US futures wsj.com were mostly lower in early trade as escalating Middle East tensions pushed Brent crude wsj.com toward $90 a barrel. European indexes wsj.com edged higher, supported by a rally in energy stocks. Spot gold wsj.com slipped but is set to rebound toward $4,500 an ounce, according to technical analysis.
Currencies & Fixed Income
The euro-dollar volatility wsj.com remained muted, with ING forecasting a tight $1.1515‑$1.1560 range. Meanwhile, the effect of the latest yen intervention wsj.com is already fading, raising the prospect of further official action.
Oil & Energy
The refinery squeeze wsj.com is deepening as the Iran conflict, Ukrainian strikes and Chinese fuel export restrictions remove millions of barrels of refined products from global markets. Adnoc L&S wsj.com posted a record quarterly profit, buoyed by strong shipping rates and fleet expansion.
Equities & Sectors
European defense stocks bloomberg.com are tipped to reignite their rally as the region’s rearmament cycle enters a new stage, according to Barclays and RBC Capital Markets. CoreWeave's forecast bloomberg.com after Tuesday’s close will test the neocloud provider’s recovery. India equity flows bloomberg.com moderated in July but small‑ and mid‑cap strategies remained hot. Resilient Europe bloomberg.com has become a winning bet for money managers, defying stagflation forecasts.
Deals & IPO
DayOne Data Centers bloomberg.com has confidentially filed for a $5 billion US IPO. Chinese robot maker Unitree IPO ft.com was 5,500 times oversubscribed, raising $900 million ahead of a Shanghai listing. Larsen & Toubro bloomberg.com plans to manufacture rare‑earth magnets in India, supporting the government’s push to cut import reliance. Goldman staff ft.com are named as suspects in a Brazilian fraud probe over a shareholder dispute at cancer specialist Oncoclínicas.