Public Markets 3 Hours

Last updated: July 20, 2026, 8:30 PM ET

Energy Markets Digest

Oil prices as escalating hostilities in the Middle East stoked inflation concerns, while for clues on energy price impacts. Despite hopes for a U.S.-Iran ceasefire in early Asian trade. Meanwhile, Yemen's Houthi militants in the Red Sea, adding to supply disruption worries.

North American Trade and Currency Watch

The Canadian dollar weakened sharply following President Trump's announcement of plans to impose a 50% tariff on a broad range of Canadian goods. This move and could impact currency markets.

Global Economic Indicators and Corporate Dealmaking

New Zealand's annual inflation accelerated to its fastest pace in over two years, primarily driven by soaring fuel prices, bolstering the case for additional interest-rate hikes by the Reserve Bank. In corporate news its auto-service chain Pep Boys to Mavis for $700 million. Separately, the bankrupt $1.2 billion Oceanwide Plaza project in Los Angeles, known as the "Graffiti Towers," has been cleared for sale and potential completion. Analysts are maintaining bullish outlooks on Kioxia Holdings Inc., expecting a rebound despite current share price volatility.

U.S. Market Movements and Sector Performance

U.S. stocks opened lower in cautious trading, though chip stocks showed signs of recovery from recent selloffs. Investors appeared to from China. In other news, the White House confirmed the new Air Force One will be for unspecified upgrades this fall.