Public Markets 24 Hours

Last updated: August 10, 2026, 2:35 PM ET

Equities

U.S. stocks opened little changed on Monday as investors awaited chipmaker earnings and inflation data, while European indexes started the week mixed with the Stoxx 600 and Germany’s DAX extending record highs. Tractor Supply shares surged to all-time highs after strong earnings, contrasting with Westpac Banking Corp. which dropped on signs of a housing slowdown in Australia. Emerging-market stocks and currencies rose after soft U.S. jobs data eased rate-hike fears, while Indonesian stocks neared bull-market territory on resilient economic signs. In Asia, a rotation from leveraged ETFs fueled a 30% jump in South Korean small caps, and Treasury Wine Estates shares jumped to an eight-month high after a A$558.4 million writedown to fix U.S. supply issues.

Fixed Income

U.S. Treasury yields rose ahead of inflation data, while eurozone government bond yields climbed slightly amid Middle East uncertainty. The U.S. investment-grade bond market saw 19 firms issue debt on Monday, the busiest day since January, and IBM tapped the Canadian bond market for the first time in 14 years. A performing arts school in Los Angeles plans a $117 million muni bond sale, the largest private school deal in two years. The SEC exempted data-center bonds from key securitization rules, potentially opening the door for more debt sales. Cloudflare announced a $2.175 billion convertible notes offering, and Duke Energy plans to raise $1.75 billion via equity units to pay down debt.

Commodities

Oil prices climbed on growing doubts that the Strait of Hormuz can reopen soon, with West Texas Intermediate crude rising amid supply disruption concerns. U.S. natural gas futures surged by the most in two months on hotter weather forecasts that triggered short-covering, while European gas prices advanced as Hormuz deal prospects remained murky. Gold held above $4,400/oz ahead of U.S. inflation data, supported by ETF inflows and central bank buying. Wheat futures jumped to their highest in a month on Black Sea shipping disruptions, and Australia’s wheat crop is rebounding, offering relief to global supply. A chicken glut is dragging down meatpackers but lowering grocery bills, while sugar oversupply blurs the outlook for investors.

Currencies

The yen extended its losses, erasing half of the gains from the U.S.-Japan joint intervention as the effect fades. The dollar strengthened against the yen with Goldman Sachs noting a BoJ rate hike next month would help long-term yen strength. The Australian dollar is poised to climb back toward a 35-year high against the yen as the RBA’s hawkish stance supports it. India’s FX reserves climbed for five straight weeks toward a record on foreign inflows, while Egypt’s inflation accelerated for the first time since March, disrupting the easing streak.

Corporate Finance & Deals

Shein is pitching its IPO to investors at a sub-$30 billion valuation, down roughly 70% over four years, while Bloomberg Intelligence values the fast-fashion retailer at $22 billion to $25 billion. Intel announced a $15 billion common stock offering, citing strong demand driven by AI compute investment. A consortium including Glencore made a rival bid to rescue cobalt refiner Sherritt International, while Barrick Mining settled its Nevada dispute with Newmont for $1.95 billion, paving the way for a spin-off IPO. Boeing sold three autonomous flight subsidiaries to Archer Aviation for a 16.5% stake, and Teledyne Technologies will buy Varex Imaging for $1.1 billion. Revolut secured a French banking licence to accelerate European expansion, and Cambridge Aerospace raised $300 million at a $3.4 billion valuation for missile and drone interceptors.

Geopolitics & Macro

Iran’s oil terminals have appeared largely idle this month as the U.S. maintains a naval blockade, while Iran insists the Strait of Hormuz will stay closed until Trump meets demands. Adnoc Gas is exploring an LNG export facility outside the strait, and the U.A.E. firm plans to invest more than $8 billion in expansion after leaving OPEC. A Ukrainian drone attack killed at least 13 deep inside Russia, one of the deadliest such strikes. The U.S. pledged $2 billion for battery and materials producers, and backed an Australian rare earth miner with a $400 million loan to cut China out of supply chains. Extreme heat warnings blanketed western, central and southern Europe as a new heat wave intensifies.