Public Markets 3 Hours

Last updated: August 11, 2026, 5:39 AM ET

Top Markets

US futures were mostly lower in early trade as escalating Middle East tensions pushed Brent crude toward $90 a barrel. European indexes edged higher, supported by a rally in energy stocks. Spot gold slipped but is set to rebound toward $4,500 an ounce, according to technical analysis.

Currencies & Fixed Income

The euro-dollar volatility remained muted, with ING forecasting a tight $1.1515‑$1.1560 range. Meanwhile, the effect of the latest yen intervention is already fading, raising the prospect of further official action.

Oil & Energy

The refinery squeeze is deepening as the Iran conflict, Ukrainian strikes and Chinese fuel export restrictions remove millions of barrels of refined products from global markets. Adnoc L&S posted a record quarterly profit, buoyed by strong shipping rates and fleet expansion.

Equities & Sectors

European defense stocks are tipped to reignite their rally as the region’s rearmament cycle enters a new stage, according to Barclays and RBC Capital Markets. CoreWeave's forecast after Tuesday’s close will test the neocloud provider’s recovery. India equity flows moderated in July but small‑ and mid‑cap strategies remained hot. Resilient Europe has become a winning bet for money managers, defying stagflation forecasts.

Deals & IPO

DayOne Data Centers has confidentially filed for a $5 billion US IPO. Chinese robot maker Unitree IPO was 5,500 times oversubscribed, raising $900 million ahead of a Shanghai listing. Larsen & Toubro plans to manufacture rare‑earth magnets in India, supporting the government’s push to cut import reliance. Goldman staff are named as suspects in a Brazilian fraud probe over a shareholder dispute at cancer specialist Oncoclínicas.