Public Markets 24 Hours

Last updated: July 5, 2026, 8:30 PM ET

Energy & Commodities

Oil prices slipped in Asian trade as energy flows through the Strait of Hormuz persisted and OPEC+ signaled potential for higher supplies, fanning concerns about a glut. This comes as a supertanker tycoon is making millions on shuttle runs out of the Persian Gulf, quietly sneaking crude away. The cartel announced its fifth consecutive increase in output quotas, aiming to unwind previous production cuts Gulf flows rebound. The increased supply prospects, coupled with easing U.S.-Iran tensions, could weaken Iran’s hand in future talks and allow countries to refill stockpiles more rapidly as crude becomes more plentiful. Meanwhile, CME Group is launching a 10-barrel contract for oil, a move driven by retail traders pouring into the market following the recent geopolitical events triggering bets on crude prices.

Global Markets & Macroeconomics

Global monetary policy may face higher interest rates for years to come due to the ongoing repercussions from the conflict involving Iran, according to market analysis linking Trump’s actions to rates. Emerging market traders are increasingly shifting away from the U.S. dollar, funding bets in developing economies with currencies like the euro and Australian dollar as carry trades evolve. In Asia, the South Korean won edged higher on its first day of 24-hour trading, a significant development for the currency. Elsewhere, Contemporary Amperex Technology Co. Ltd. is investing in a New Zealand firm to develop graphite from wood byproducts, a move aimed at securing materials for lithium batteries CATL invests in innovation.

Corporate & Dealmaking

The Australian gold mining sector is seeing increased activity, with Genesis Minerals Ltd. launching a last-minute cash and stock bid for Vault Minerals Ltd., which had previously agreed to a deal with Regis Resources Ltd. Genesis makes rival bid. In the UK aviation sector, Easy Jet Plc has agreed in principle to a takeover offer exceeding £5 billion from Castlelake LP, a deal that comes as the budget carrier grapples with high jet fuel prices and subdued demand EasyJet agrees to bid. In Asia, Wall Street banks like Goldman Sachs, Morgan Stanley, and JPMorgan are experiencing a recovery in China, driven by a trading boom that led to record profits for their Chinese securities units last year.

Technology & AI

The UK’s financial regulator has warned of an "arms race" to keep pace with the accelerating use of artificial intelligence in financial services, advocating for greater powers for the watchdog as millions increasingly rely on AI for personal finance decisions UK regulator warns on AI. Elite students are increasingly foregoing traditional corporate internships to pursue summer opportunities at startup incubators and hacker houses, a trend driven by AI's disruption of established career paths students pursue startup dreams. AI companies are also hiring philosophers, seeking out individuals with contrarian thinking to contribute to their development efforts AI labs hire sages. Meanwhile, Meta's Threads platform has reached 500 million monthly users, increasingly resembling Reddit as it vies for attention with X Threads rivals X.

Energy Infrastructure & Policy

Australia's liquefied natural gas exporters, which have benefited from a A$20 billion sales windfall due to Middle East conflict, are now facing a significant backlash over their role in energy markets Australia faces gas backlash. In India, motorists are protesting a flagship biofuel program designed to reduce crude imports and support farm incomes, signaling growing pressure on the government's initiative Modi's biofuel push protested. The U.S. bond market is bracing for tests of investor demand, with upcoming auctions of 10- and 30-year Treasuries anticipated amid an otherwise light week for economic data Treasury auctions test market.

Geopolitics & Regulation

The U.S. President has been criticized for directing federal agencies to abandon discrimination cases, an effort to scale back anti-discrimination regulations Trump abandons discrimination cases. In a highly unusual move, FIFA reversed the suspension of U.S. striker Folarin Balogun after a request from the U.S. President, marking the first time since 1962 a World Cup red card suspension has been nullified FIFA reverses suspension. Meanwhile, the U.S. is reportedly seeking to bolster its position in data centers, with a focus on not repeating past mistakes that allowed China to dominate rare-earth markets US industrial resolve tested.

Market Trends & Investor Sentiment

The market for electric vehicle batteries is defying expectations, with industry experts believing that newfound knowledge of battery durability is a significant factor boosting consumer confidence in EVs EV batteries show durability. In India, equities are regaining investor attention as a refuge for those seeking to weather the current market turbulence, particularly after missing out on the global AI rally investors turn to India. However, the ESG investing landscape has seen billions in investor withdrawals and fund closures, though proponents maintain the strategy's viability for quieter pursuit ESG investing faces headwinds. Liquor stocks are also being priced for a significant shift, as declining drinking rates impact distillers' shares liquor stocks priced change.

Other Notable Developments

NASA's leader reportedly flew a vintage jet at a DC air show despite initial objections from the FAA, which cited safety concerns regarding the aircraft's suitability for densely populated areas NASA leader flew jet. The movie "Minions" opened at number one but significantly underperformed compared to earlier installments in the franchise, generating $36.4 million in North America over the holiday weekend Minions underperforms. In South Africa, the annual Durban July horse race is serving as a celebration of luxury and high society, with a particular focus on showcasing Black wealth in a nation with a history of economic exclusion Black wealth celebrated.