Public Markets 3h Briefing
×Last updated: July 21, 2026, 8:30 PM ET
Asian Markets and Listings
Oil futures wsj.com amid escalating concerns over Middle Eastern supply disruptions. Gold held its gains bloomberg.com as traders assessed the potential impact of energy supply risks on inflation and Federal Reserve policy. The Japanese yen bloomberg.com, reaching a four-decade low and prompting scrutiny of Japanese authorities' intervention resolve. In Hong Kong, Zhongji Innolight Co. launched its offering bloomberg.com, seeking up to HK$55 billion ($7 , marking the city's largest listing in seven years.
US Antitrust and Corporate News
The Department of Justice's antitrust division ft.com under a nominee critical of Big Tech. A judge's decision wsj.com by narrowly defining the movie market, drawing criticism. Super Micro Computer wsj.com for the fourth quarter, now expecting gross margins between 15% and 17%, significantly higher than its previous guidance. Alaska Air wsj.com of $76 million, primarily due to increased fuel costs linked to the conflict in Iran, though it anticipates a recovery in the third quarter. KKR & Co.'s commercial real estate lending arm bloomberg.com, including a potential sale or merger, as the money-losing entity weighs its future.
Geopolitical Shifts and Economic Outlooks
Ukraine's President Zelensky nytimes.com, a move that followed the firing of a defense minister amid disagreements on war strategy. Meanwhile, the Pentagon estimates the conflict in Iran has cost $37.5 billion. Hong Kong home prices are projected to rebound bloomberg.com by 19% over the next two years, driven by mainland Chinese demand and limited supply. Japan's ambitious high-speed rail project, reaching speeds of 505km per hour ft.com.