Public Markets 8 Hours

Last updated: July 10, 2026, 2:30 AM ET

Commodities and Forex React to Geopolitics and Economic Data

Oil futures fell on prospects that U.S.-Iran tensions may be contained. Gold remained steady amid Middle East tensions, with investors assessing the fallout from renewed fighting and the outlook for interest rates. Copper headed weekly, as traders looked past potential demand headwinds from the Middle East. The Singapore dollar edged higher amid lower crude oil prices, which could lead to cooler inflationary pressures in the region. The yuan advanced after China's central bank set the daily reference rate below 6.80 per dollar for the first time since 2023. Carry trades are in more than two decades, according to Goldman Sachs. Corn futures steadied ahead of a key monthly U.S. supply report as weather concerns eased.

Asian Markets and Corporate News

SK Hynix's U.S. trading debut is paving the way for a fresh wave of leveraged ETFs. HSBC is seeking buyers for Hong Kong subsidiary’s risky property loans as it overhauls its retail lender. Tencent is leading a deal to unwind Meta’s $2 billion Manus acquisition, set to become the largest shareholder in an AI agent startup. Zhipu, China’s AI stock after its $4 billion equities fundraising failed to boost its thin pool of tradable shares. Mini Max shares dropped on a $2 billion fundraising plan.

European Markets and Deals

Societe Generale SA is arranging a syndicated loan for a Cameroonian tycoon to finance a sugar mill intended to rival a facility controlled by the billionaire Castel family. A new EU ‘scale-up’ fund past its €5 billion target size. UK pharmacies as weight-loss pills go on sale, potentially impacting supermarket sales. Battersea Power Station’s accounting claims are being probed by the UK watchdog.

US Markets and Economic Trends

Reformation's listing for fashion brands, coming after a series of troubled IPOs. Shares of Helen of Troy are up to their old tricks. Nike and Adidas are facing off in the World Cup, betting big on the tournament. Chicago pensions in a downturn, according to a mayoral candidate, citing years of low contributions and unfunded liabilities. Soaring ‘McMansion’ insurance prices are creating an opening for a commercial group to enter the market with cheaper cover. Luxury property in London’s Knightsbridge is not selling, with prices tumbling as foreign buyers look elsewhere.

AI and Technology Developments

OpenAI and Google to blacklisted Chinese groups through Singapore-based subsidiaries. JPMorgan Chase & Co. building AI that have outperformed a 60/40 portfolio in backtests. Regulators want use to cut red tape. OpenAI’s No. 2 executive is stepping down as the AI giant prepares to go public.

Other Market and Political Notes

FTSE 100 futures remained steady, while the pound gained. Japanese government bonds edged higher, tracking overnight gains in U.S. Treasurys, buoyed by a finance minister's call for domestic investment. Labour MPs are pushing for a permanent ban on crypto political donations amid controversy over funding. Senegal’s hidden-debt scandal is derailing its infrastructure dream. Tyler Robinson confessed and voiced regret over the killing of Charlie Kirk, a former partner told investigators.