Public Markets 24 Hours

Last updated: July 11, 2026, 5:30 AM ET

Global Markets and Geopolitics

Oil futures amid renewed Middle East skirmishes, though crude prices. Vessels navigating the Strait of Hormuz from Iranian missiles, contributing to volatility in oil product markets. Treasury yields and Warsh hearings, while the WSJ Dollar Index. In Asia, China's nationwide electricity load on July 10, reaching 1.518 billion kilowatts, driven by rising demand from data centers and electric vehicles. India and New Zealand to deepen trade and security ties.

Corporate Dealmaking and IPOs

Volkswagen AG CEO Oliver Blume after failing to secure initial backing from the supervisory board. MGM Resorts International with Barry Diller's People Inc. for a potential acquisition. The IPO market saw activity as Holtec Nuclear Corp. and Apnimed Inc. filed US, while Tailored Brands Inc. also filed publicly. Jersey Mike's sandwich chain's IPO is a test of appetite for the sector amid consumer spending concerns. Warburg Pincus is reportedly for specialty-pharmacy company PANTHERx Rare.

Technology and AI Developments

Apple is suing OpenAI, alleging theft of proprietary information, marking a significant breakdown in their relationship. The boom in AI tools, raising questions about the long-term impact. Investors are, signaling skepticism over the sector's sustained profitability, even as chipmakers like SK Hynix soared on its US trading debut. Morgan Stanley, citing mounting evidence of limited pricing power. Meanwhile, the U.S. Securities and Exchange Commission is considering a proposal to move away from mandatory quarterly financial reporting, a move Exxon Mobil supports.

U.S. Politics and Policy

A bipartisan housing bill became law without President Trump's signature, though his decision signals a rift with Senate Republicans. The Justice Department is seeking to compel testimony from New York Times reporters covering the new Air Force One, a move the Times called "a brazen act." Thousands of immigrant workers as Temporary Protected Status deadlines loom for Haitians and others. In Maine, Democrats to select a replacement for Graham Platner, who withdrew from the Senate race. President Trump for endangered species, reversing a 50-year-old safeguard.

Economic Trends and Consumer Spending

London's rental affordability has improved, with the salary needed to secure a rental home falling by 17% in the past year. Europe's slow electrification, according to the IEA chief, who believes the EU should have acted faster post-2022 gas crisis. U.S. wheat output is projected to be the lowest since 1970, with the USDA forecasting 1.536 billion bushels for 2026. Delta Air Lines reported, but profits were squeezed by sky-high fuel costs, which rose 77% year-over-year due to renewed tensions in Iran. Europeans are showing a toward investment funds, according to ING.