Public Markets 24 Hours

Last updated: July 8, 2026, 11:30 PM ET

Middle East Conflict Fuels Market Volatility

Oil futures climbed sharply after President Trump declared the ceasefire with Iran "over," with prices jumping 6% and pulling away from pre-conflict levels. This renewed fighting between the U.S. and Iran, prompting concerns over supply disruptions and pushing oil prices to a three-week high. The conflict also, causing Treasury yields to rise, with the two-year U.S. Treasury yield climbing back toward last month’s peak amid a global bond selloff. The dollar advanced for a second straight session as investors sought safe-haven assets amid escalating fears of a return to full-scale war. India is considering options to secure safe passage for nine laden tankers waiting in the Persian Gulf as attacks in the Strait of Hormuz.

Asia Markets React to Geopolitical and Economic Cues

Asian shares climbed, led by chipmakers, as optimism over AI-driven demand rekindled appetite for semiconductor stocks. Copper snapped two-day as it shrugged off fresh U.S. strikes on Iran, focusing instead on long-term demand from artificial intelligence. The Singapore dollar consolidated against its U.S. counterpart amid possible position adjustments. Japanese government bonds fell, tracking overnight price declines in U.S. Treasurys. Bank of Korea Governor Shin Hyun Song indicated that policy rates will need to rise at an appropriate time, reinforcing the bank’s hawkish stance a week before a widely expected rate hike. New Zealand manufacturing expanded at the fastest pace in almost five years in June, signaling a burgeoning economic recovery.

Corporate Dealmaking and Financial News

Apple Inc. supplier Luxshare Precision Industry Co. fell in its Hong Kong trading debut after raising HK$24.3 billion ($3.1 . SBI Funds Management Ltd. is seeking to raise as much as 116.9 billion rupees ($1.22 in what is expected to be India’s first billion-dollar IPO of the year. Brazil's Origem Energia SA is aiming for an enterprise value of $2 billion to $2.5 billion as it seeks strategic alternatives to raise capital. Luxury car marketplace DuPont Registry Group has picked banks for a U.S. initial public offering. Accor SA has lined up investment banks for a potential U.S. IPO of Ennismore Lifestyle Group Ltd. Unite Group Plc is offering discounted rents to some students to boost reservations for the next academic year.

US Business and Economic Trends

Levi Strauss raised its fiscal-year guidance again, now expecting revenue growth of 7% to 7.5%. U.S. crude oil inventories rose unexpectedly by 3 million barrels. Delta Air Lines' new "basic business" offering reflects a push toward a la carte pricing. Costco is willing to pay its long-tenured cashiers a premium to retain experienced staff, with one cashier now a millionaire. Bed Bath & Beyond's successor lost an appeal in a lawsuit against Hudson Bay. Data-center construction is lifting airfreight demand as bulky server racks and semiconductors for AI infrastructure are taking up cargo space.

Regulatory and Legal Developments

judge pressed Gautam Adani for more details on the Justice Department’s move to dismiss a criminal case against the Indian billionaire. Jean Carroll had asked a federal judge to order President Trump to pay a $5 million judgment after a jury found he sexually abused and defamed her. regulators are warning the public about counterfeit air-bag parts in used cars that have been linked to 10 deaths. The Federal Trade Commission is challenging an apartment-listing partnership between Zillow Group and Rocket Companies' Redfin, with a trial set for August. Virgin Media was fined £28 million for preventing customers from canceling contracts.