Public Markets 3h Briefing
×Last updated: July 15, 2026, 11:30 PM ET
Asian Markets Navigate Geopolitical Tensions and Inflation Data
The Singapore dollar wsj.com as traders assessed easing U.S. inflation data alongside escalating Middle East conflict. In India, Prime Minister Narendra Modi is taking steps bloomberg.com to reduce key imports and shield the nation from supply chain disruptions and currency pressures amid rising geopolitical risks. Concurrently, India increased taxes bloomberg.com on diesel and aviation turbine fuel exports, further tightening global fuel markets due to collapsed peace deals and renewed hostilities. Local mutual funds, meanwhile, bought shares bloomberg.com in Adani Enterprises worth 46.60 billion rupees last month, signaling receding governance concerns.
Wall Street Trading Revenue Surges Amid Risk-On Sentiment
Major Wall Street banks, including JPMorgan and Goldman Sachs, are wsj.com on record. This surge in revenue is attributed to a clear "risk-on" market environment, driving significant trading activity.
UK Politics and Sterling Strength
Sterling's strength bloomberg.com following reports that incoming UK Prime Minister Andy Burnham might appoint Shabana Mahmood as his Chancellor of the Exchequer.
South Korea Tackles ETF Volatility
South Korea is preparing to announce measures bloomberg.com concerning leveraged exchange-traded funds tied to Samsung Electronics and SK Hynix, which have fueled significant market volatility. Meanwhile, Japanese investment firm Advantage Partners LLC plans to invest bloomberg.com approximately $1.9 billion in domestic companies that pose economic security risks for Japan, aiming to benefit from potential government backing and long-term profit growth.
U.S. Legal Proceedings and Political Maneuvers
The New York Times wsj.com subpoenas issued by the Trump administration, which sought testimony from reporters regarding reporting on security concerns surrounding a Qatari-gifted jet. Separately, a dual Iranian-U.S. citizen, Dena Karari, was released nytimes.com from Iran after being held on spying charges since December 2024. In other political news, a top tax official, Ken Kies, is departing nytimes.com the Trump administration after holding significant roles at the Treasury Department and the IRS. President Trump also nytimes.com to replace immigrant truck drivers with veterans, citing concerns over crashes.