Public Markets 3 Days

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

Geopolitical Tensions and Market Reactions

Oil prices amid renewed hostilities between the U.S. and Iran, ultimately on rising skirmishes in the Middle East. U.S. crude futures following attacks on three commercial ships in the Strait of Hormuz, with Iran of roughly 11 million barrels in response to escalating tensions. European natural gas prices edged lower as traders assessed the region’s supply picture after fresh U.S.-Iran hostilities, while copper for industrial metals as investors shrugged off strikes on Iran. Treasury yields and Warsh hearings, a week also marked by U.S.-Iran tensions and a spike in oil prices. Copper also for industrial metals as investors shrugged off a fresh round of U.S. strikes on Iran to track broader gains in risk assets.

Technology and Corporate Dealmaking

SK Hynix, opening at $170 a share, above its initial public offering price of $149, in a significant test of investor appetite for AI-related companies. This blockbuster listing to consider the U.S. for initial public offerings or the sale of American depositary receipts, according to Nasdaq Inc. President Nelson Griggs. Big Tech companies are, totaling $25 billion, as jumbo bond sales become a more common financing tool for the sector. JPMorgan Chase & Co. testing AI that can outperform the traditional 60/40 investment model in backtests, as investors increasingly turn to artificial intelligence. Meanwhile, Apple is suing OpenAI, alleging theft of top-secret information, marking a collapse in the relationship between the two Silicon Valley giants.

Auto Sector and China's Economic Headwinds

Volkswagen AG's Chief Executive Officer Oliver Blume to implement a significant overhaul of the carmaker, having failed to secure initial backing from the supervisory board. Both BMW AG and Volkswagen AG in the second quarter, primarily due to a worsening decline in China, where intense competition from domestic rivals and a property crisis are dampening demand.

Real Estate and Housing Policy

A bipartisan housing bill became law at midnight without President Trump's signature, though his decision not to sign reflects a growing rift with Senate Republicans. In London, rental affordability has improved despite a recent rise in prices, with the salary needed to afford a rental home in the capital falling by 17% over the past year.

Energy and Infrastructure

China’s nationwide electricity load for the first time this year on July 10, reaching 1.518 billion kilowatts. The European Union should have after the 2022 gas crisis, according to IEA chief Fatih Birol. France plans to to reduce its dependence on fertilizer imports, aiming to shield farmers from future supply disruptions.

Corporate IPOs and Financial Dealmaking

Jersey Mike’s Subs is attempting an IPO, hoping to inject some of the magic seen in SpaceX's valuation into its sandwich chain offering, a move that will test investor appetite for a sector already strained by concerns over consumer spending. Nuclear energy services firm Holtec has filed for a U.S. IPO, becoming the latest in the sector to seek capital from growing data center power demands. Apnimed Inc., backed by Shionogi, has filed for a U.S. IPO to fund its sleep apnea drug development. Menswear company Tailored Brands Inc. filed publicly, marking a step toward returning to public markets. Warburg Pincus is for specialty pharmacy company PANTHERx Rare, which has been owned by private equity firms since 2022.

Immigration and Law Enforcement

U.S. employers dismiss thousands of immigrant workers as shifting deadlines are creating confusion for businesses with the looming end of Temporary Protected Status for Haitians and others, making them ineligible to work in the United States. Mexico intends to over immigrant deaths, with the nation's president vowing to go "beyond diplomatic notes" after a U.S. immigration agent fatally shot a Mexican man in Texas. Houston will investigate how an ICE agent came to kill a Mexican immigrant, with the agency stating the individual attempted to ram agents with a van before being shot, a claim disputed by a lawyer for the passengers. An ICE agent killing in Houston in immigration arrests, occurring as immigration enforcement has intensified nationwide, with thousands arrested daily.

Media and Technology Scrutiny

The Justice Department is seeking to compel testimony from New York Times reporters who wrote about the new Air Force One, a move the Times called a “brazen act.” Separately, the New York Times of retaliation, citing a May lawsuit claiming discrimination against a white male employee who was denied a promotion. The RIAA-led coalition is pushing for AI songs to be labeled on streaming platforms, with music labels and artists arguing that fans desire transparency.

Environmental and Species Protection

President Trump for endangered species, ending a 50-year-old safeguard that could accelerate the decline of imperiled animals.

Legal and Regulatory Developments

The F.C.C. has approved a test of a space mirror to illuminate the night sky, despite public outcry. A federal labor law judge determined that Atlassian had illegally fired an employee who questioned company policy changes, marking a rare legal victory for a tech worker.

International Relations and Trade

India and New Zealand that includes maritime security, as both nations seek closer trade and security ties. Serbia borrowing costs for a record 22nd month, as government plans for pre-election cash handouts may add to inflation pressures.

Labor and Employment

The Lawn Tennis Association is set to enter venture capital investing, partnering with Redrice Ventures to invest in sports startups amidst declining income from Wimbledon. The creator of a monster named Siren Head as studios hunt for the next “Backrooms”-style hit, in a boom for Hollywood’s horror-meme content.

Economic Trends and Forecasts

China's rising electricity demand, driven by data centers and electric vehicles in the nation's power load. Europe's slow electrification, according to the IEA chief, who urges faster progress toward energy independence. The USDA to the lowest level since 1970, projecting 1.536 billion bushels for 2026, a decrease of 7 million bushels from its June forecast. European markets, with potential hotspots including a new Fed chair, a weak Japanese yen, and a high-stakes earnings season. The U.S. dollar index declined 0.02% this week to 97.20.

Specific Company and Sector News

Aston Martin creditors led by Arini Capital Management, BlackRock Inc. and Sculptor Capital have banded together to prevent the distressed British luxury carmaker from pursuing any debt deals. MGM Resorts International with Barry Diller’s People Inc. following an offer from the media mogul to acquire the portion of the casino company he does not already own.

Other Market Developments

The WSJ Dollar Index declined 0.1%, marking two consecutive trading days of decreases. U.S. natural gas futures in over three months, influenced by a larger-than-expected inventory build and news of maintenance at Freeport LNG. Gold and silver, down for both the day and the week.