Public Markets 3 Hours

Last updated: July 9, 2026, 2:30 PM ET

AI Investment and Deal-Making Surge

Artificial intelligence infrastructure spending has a strong bull case through 2027, according to Franklin Templeton's Katrina Dudley. This investment theme is driving a global deal-making frenzy valued at $3.2 trillion, the highest in a decade for a six-month period, though sustainability remains a question. Microsoft's early lead in AI has become a test of faith, with capital spending "going through the roof". Meanwhile, state actors from China, Russia, and Iran are attempting to inflame the U.S. debate over AI data centers.

European Markets and Corporate Activity

UBS strategists are the most bullish on European stocks, forecasting 8% upside driven by stronger earnings and a broadening rally are now the biggest bulls. In corporate news, Banijay, the producer of "The Traitors," has picked London as its new headquarters following an $8 billion merger, bolstering the UK's creative sector. European defense startup Helsing has altered its staff stock plan ahead of a significant funding round. Separately, Airbus employees in Spain have initiated a strike over deteriorating working conditions.

Commodity Markets and Economic Pressures

Germany's oil industry retained between €100 million and €200 million from a fuel tax reduction intended to alleviate motorist costs. Russia is facing a growing diesel supply crunch as exports are cut off, partly due to Ukraine drone strikes on its refineries. ING Groep is observing a rise in client requests to finance Venezuelan natural resource deals as the country revamps exports after years of U.S. sanctions weighs Venezuela. In agricultural markets, corn and soybean futures eased ahead of the WASDE report, with traders watching for relief from heat.

US Markets and Regulatory Watch

U.S. stocks rose as investors downplayed risks from the Iran conflict and increased positions in technology stocks following recent declines. An auction of 30-year Treasury bonds is expected to yield the highest rate in 20 years, reflecting increased demand for higher returns amid swelling bond supply. The National Highway Traffic Safety Administration has warned autonomous vehicle developers that their robotaxis pose a "danger" to the public and must improve interaction with first responders. Wall Street is also developing exchange-traded funds for investors seeking to avoid exposure to Elon Musk.

UK Deal-Making and Fintech

Suspicious trading activity preceding takeovers has reached a new record in the UK, with abnormal trades hitting highs amid a surge in deal-making for British companies. UK fintech lender Lendable Ltd. is aiming to raise £500 million ($671 by selling securities backed by personal loans, supporting its expansion into lending.