Public Markets 3 Days

Last updated: August 12, 2026, 2:31 AM ET

Public Markets

Asian stocks rose, buoyed by tech shares, even as U.S. stocks faded for a second straight session on Tuesday ahead of key inflation data. The WSJ Dollar Index ended flat. Yen traders ramped up options activity for flexibility, while the effects of a recent yen intervention are reportedly fading. The Nikkei was flat, supported by financial and energy stocks. A new katsu curry index is being used to gauge the yen's weakness. Systematic buyers are getting ready to reload on stocks after a massive unwind, according to Citadel Securities. Anxiety around geopolitics and inflation may be a buying opportunity, one analysis suggests.

Fixed Income & FX

Trend-chasing funds have placed record short bets against global bonds, raising the stakes for US inflation reports. Barclays says a shift in the buyer base of US Treasuries has helped propel 30-year yields to multi-decade peaks. Korea’s 30-year bond yield hit a record on oil price worries and rate hike bets. Eurozone government bond yields rose slightly amid Middle East uncertainty. Singapore dollar weakened ahead of the US data. Indonesian bonds may have seen the worst of their selling. Yabloko, the Russian antiwar party, was banned from parliament elections.

Energy & Commodities

Oil rose in early Asian trade amid heightened volatility and skepticism about a Strait of Hormuz deal. European gas prices surged as the outlook for a deal remained murky. Heatwaves are pushing prices close to Iran war highs. The US now expects oil supply disruptions from the Iran conflict to hit 600,000 barrels per day through 2027. Gold edged higher, and silver snapped a two-session winning streak. US natural gas futures gave back some gains. A Colombia earthquake largely halted coffee exports. Chile cut its copper production forecast for a second straight quarter. Metals trader Radiant World is seeking to sell a $150 million aluminum stockpile. US fires on a ship it says violated an Iran blockade. Deputy PM Salvini proposed a windfall tax on Italian bank profits.

Company News

ABN Amro beat on quarterly profit and raised its revenue outlook. Godrej Consumer shares plunged after its CEO’s sudden resignation. AGL Energy shares jumped the most in six months on strong battery performance. Sanrio shares tumbled the most in a decade after an earnings miss. Rakuten shares fell after disappointing results. Constellation Software posted higher profit from acquisitions. Super Micro Computer reported a surge in quarterly profit. CoreWeave shares jumped as its revenue doubled. Cava Group said climbing traffic boosted quarterly profit. H&R Block reported increased revenue and raised its dividend. On Holding tempered its outlook after running-shoe sales underwhelmed. Smithfield Foods cut its annual outlook. Chobani lowered its earnings forecast on rising material costs. General Motors set up a $4.5 billion safety net to avoid parts shortages. JBS is seeking US margin recovery with a new CEO. Air Baltic plans a debt-for-equity swap and smaller fleet. Jane Street is repaying $5.5 billion of loans in a debt overhaul. Blue Owl Capital raised $750 million to pay down credit lines. Cloudflare plans to sell $2.175 billion in convertible notes. Tata Sons chairman Natarajan Chandrasekaran resigned in a shock move.