Public Markets 3 Days

Last updated: August 12, 2026, 8:35 AM ET

Equities

U.S. stock futures edged higher Tuesday ahead of the July CPI report, but major indexes fell for a second straight session as oil prices rose amid Strait of Hormuz tensions. Super Micro Computer posted a fourth-quarter profit surge to $1.17 billion, while Core Weave shares jumped 12% on record revenue and a $104 billion backlog. Brinker International logged higher profit as Chili’s continued its growth streak, and Performance Food reported rising sales and profit on price increases. Cava traffic gains boosted quarterly profit, and Hims & Hers Health swung to a loss but raised its revenue target. Constellation Software posted higher profit on acquisition growth. In Europe, Vestas shares soared 18% after the wind turbine maker raised margin guidance and announced a buyback, while ABN Amro boosted guidance as operating income climbed 13%. The FTSE 100 slipped as UK stocks fell and the pound held steady. In Asia, Foxconn beat profit estimates on AI hardware sales, and SK Hynix and Samsung gained on a report of Temasek investment plans. Sanrio shares plunged 20% after first-quarter operating income missed estimates, and Rakuten dropped on persistent mobile unit losses. Teledyne Technologies agreed to buy Varex Imaging for $1.1 billion, and DMG Mori seeks to raise $300 million in a global share sale. JPMorgan raised its target for Singapore stocks as economic growth holds, and global investors shifted from Korea to Taiwan stocks after the AI selloff. South Korea will require mock trading for single-stock leveraged ETFs, and Singapore Exchange plans to expand its ETF offerings.

Fixed Income

Eurozone government bond yields rose ahead of U.S. CPI data, as investors exercised caution. Pimco’s Seidner said angst over Fed credibility is unwarranted and that current yields look attractive. Korea’s 30-year bond yield hit a record high as energy prices and weaker demand from life insurers intensified pressure. Treasury yields and the dollar rose further alongside oil prices. The bond market inflated the Powerball jackpot to $1 billion, as bond yields influenced lottery dynamics. China’s free-trade zone bond market is reviving after a 2023 crackdown. Wealth management has a $3 trillion problem as investors keep too much cash in money-market funds. Jane Street is repaying $5.5 billion of floating-rate loans, and Blue Owl raised $750 million of high-grade debt.

Commodities & Energy

Oil prices extended gains as markets remained skeptical that a deal to restore shipping through the Strait of Hormuz was imminent. Oil rose amid growing doubts. The IEA said global oil demand is set for a deeper contraction this year as renewed hostilities push up fuel prices. IEA raised its demand forecast. A dozen ships kept oil flowing through Hormuz via shuttle transits. A dozen ships continued operations. UAE shuttles Iraqi oil through Hormuz. Russia’s crude oil exports tumbled to their lowest since May as refiners boosted runs. Adnoc Gas will invest more than $8 billion in expansion after exiting OPEC. AI will boost oil and gas production more than green energy, a report found. Gold advanced ahead of U.S. inflation data, gold rose 0.5% and silver gained 2.8%. Gold slipped from a two-month high as traders weighed Hormuz prospects. Chile copper forecast was lowered as mine woes persist. Lloyds Metals was authorized to restart a giant PNG copper mine. Chile granted Codelco a reprieve to reinvest profits. Barrick and Newmont agreed to a truce over a Nevada joint venture, clearing an IPO path. Kenya plans corn imports after a crop failure. Colombian earthquake disrupted coffee exports. China’s soybean pledge is tested as private crushers hold back. Australia widened orders on Chinese investors in a rare earths firm. Eskom targets a data centre ‘gold rush’ for its power surplus, and South Africa vowed the utility won’t weaken.

Currencies

Yen traders ramped up options market activity ahead of U.S. inflation data, turning to derivatives for flexibility. Yen traders boosted options. The yen intervention by Japan and the U.S. has had limited impact. JPY/USD intervention had limited effect. China’s yuan came under more pressure to appreciate since the yen intervention. Yuan pressure increased. The dollar faces more volatility due to U.S. inflation data and the Middle East conflict. CPI day and a new Katsu Curry Index highlight yen weakness. Katsu Curry Index rivals the Big Mac gauge. The rand carry trade is luring foreign investors to South African bonds. Rand carry attracts investors. The yen intervention wore off as oil jumped again. China tapped Deutsche Bank as the first foreign yuan clearer in Europe.

Policy & Economy

Benign inflation data in the July CPI report would reduce urgency around a September rate rise. Benign inflation data would reduce rate hike urgency. Energy prices are expected to fall in the latest inflation data, but the Iran war injected volatility. India’s inflation was broadly steady in July, holding within the RBI’s target range. India inflation stays within target. China’s stubborn commodity markets defy the economic rulebook. China commodity markets defy economics. The labor market slowed as employers grew wary of hiring. The labor market slowdown was noted. Homeowners tight on cash are tapping into home equity. Home equity tapping rose. As credit card debt mounts, home becomes a piggy bank. Credit card debt and home equity use increased. Kevin Warsh’s monetary hall of mirrors was scrutinized. The BoE needs more parliamentary attention. Europe’s carbon mechanism is a tariff by another name. Italy’s Salvini proposed a windfall tax on bank profits. Sanders called for AI companies to pause development to ‘avoid disaster’. Trump shrugged off AI and data center concerns as voters grow anxious.

Emerging Markets

Emerging-market stocks rose, led by a rally in Asian chipmakers. Emerging stocks rose on tech. Emerging-market stock valuations have fallen to less than half those of U.S. equities for the first time in two decades. Emerging-market valuations sink below half. India’s small- and mid-cap funds remain hot with investors. India small-cap funds stay hot. Index-options trading volumes in India slumped 27% in the first week of a new closing auction. India options trading drops 27%. Indonesian bonds may have seen the worst of selling as a new central bank chief supports the currency. Indonesian bonds may rebound. Shoprite jumped as e-commerce boom boosted profit. Shoprite soars on e-commerce. Tata Group erased $4.5 billion in market value after Chairman Chandrasekaran said he will step down. Adani Group secured an $800 million data center loan as U.S. charges were dismissed. Adani fraud charges were dismissed by a judge. Godrej Consumer shares plunged after the CEO’s sudden resignation. GoTo Group faces MSCI index removal after a share plunge. Singapore Airlines lost almost $800 million on its Air India bet. China’s real estate market races to defuse a $148 billion time bomb. China’s auto market weakened further on subdued demand. Hong Kong tech index is set for an overhaul with more AI focus.

Corporate & Financials

MEMX filed to list prediction-market style bets on earnings, while New York City launched an investigation into Polymarket and Kalshi. Form Energy raised $750 million for iron-air batteries, and Lovable hit a $13 billion valuation. Bank of America committed $250 billion to U.S. projects, and Bank of America will deploy $250 billion for AI and energy infrastructure. AGL Energy shares jumped the most in six months on battery performance. Vestas shares surged 18.5% on Q2 earnings growth. Tencent AI spending snuffed out its profit-growth run. Optical stocks took off on rising AI spending confidence. Red-hot power stocks are losing steam due to a data center backlash. Most electricity sought for AI data centers in the U.S. will never materialize. Nvidia is working with Wall Street on a $500 billion AI financing package. DayOne Data Centers filed for a $5 billion U.S. IPO. Nasdaq will acquire Leve L Markets. Blackstone and La Caisse bought a 25% stake in Air Canada’s Aeroplan program. Elliott nominated six candidates for Northern Star Resources’ board. Samsung SDI bought GM’s stake in a U.S. battery joint venture. ABN Amro beat profit estimates and raised its revenue outlook. Hannover Re posted lower net profit on a currency hit. 777 Partners filed for bankruptcy. Italy fined A2A €5 million for power market manipulation. UK missile start-up Cambridge Aerospace raised $300 million. Smithfield Foods lowered its outlook, and Chobani cut its earnings forecast. Tractor Supply is cutting prices and slowing expansion. John Lewis boss stepped down. Cracker Barrel’s CEO exited after a rebranding backlash. Paramount considers leaving California. Chicken surplus is squeezing poultry companies. Phillips 66 announced a $5 billion pipeline. Business development companies are paying more to borrow. High credit-card delinquencies are driven by stale loans. A bad trade pushed a U.S. mortgage giant into a $2.1 billion lifeline. The AI data center boom is maxing out P&C insurers. Gucci is breaking luxury’s penny-pinching taboo. SEC weighs direct funding for a market-tracking database. Chicago hired a Fitch director as CFO.

Fund Flows & Strategy

Norway’s $2.3 trillion sovereign wealth fund reported a record profit of nearly $185 billion in the first half, buoyed by Asia tech stock rally. Norway oil fund made record profit. The fund’s CEO said he’s more nervous after record returns, calling it “as good as it gets.” Norway fund CEO expresses nervousness. Norway fund had its best quarter since 2020. Omers returned 4.8% in the first half, gaining from a strong U.S. dollar and rising stock market. Citadel Securities said systematic buyers are getting ready to load up on stocks after a massive unwind. Private equity can score top marks with education deals. Britain needs more investors, not higher taxes on investment. Investing in the forgotten lands highlights Europe’s investment revival. Xero’s CEO shared leadership lessons from a tennis legend.