Public Markets 8 Hours

Last updated: July 11, 2026, 5:30 AM ET

Energy and Infrastructure

China’s electricity load on July 10, reaching 1.518 billion kilowatts as demand from data centers and electric vehicles climbed. The International Energy Agency’s chief warned that Europe’s slow pace of electrification represents a “major mistake,” suggesting the EU should have pursued energy independence more aggressively following the 2022 gas crisis as indicated. In North America, the Gordie Howe International Bridge connecting Detroit and Windsor, Canada, is set to open after the U.S. and Canada resolved tolling disputes that had delayed its launch. Meanwhile, vessels navigating the Strait of Hormuz near Oman’s coast from potential Iranian missile threats.

Corporate and Market Moves

Volkswagen AG’s Chief Executive Oliver Blume is under pressure to secure backing for a turnaround plan, having failed to gain initial support from the supervisory board. Kazakhstan’s Timur Turlov, through Freedom Holding Corp., raised $300 in a share sale to fuel its international expansion. The Lawn Tennis Association is venturing into venture capital to invest in sports startups amidst declining income from Wimbledon. The sandwich chain Jersey Mike's is pursuing an IPO, aiming to leverage the excitement around SpaceX to attract investors, though concerns about consumer spending loom over the sector.

Market Outlook and Economic Signals

Traders should brace for a "perilous summer in markets," with potential flashpoints including a new Federal Reserve chair, a weak Japanese yen, and a high-stakes earnings season according to analysis. Despite a recent increase in rents, London's rental affordability has improved, with the salary required to secure a rental home in the capital decreasing by 17% over the past year. The boom-bust cycle in memory chips, a sector traditionally linked to artificial intelligence, may not have ended despite some beliefs to the contrary.

Government and Media Relations

A bipartisan housing bill became law at midnight without President Trump’s signature, signaling a widening rift between him and Senate Republicans. The Justice Department’s move to subpoena Times journalists who reported on the new Air Force One has been decried by the newspaper as a “brazen act” and part of escalating pressure on the media. Missouri’s governor declared a state of emergency after heavy rainfall prompted at least 100 rescues, with further storms forecast for the southeastern part of the state following flooding. Maine Democrats announced a convention for July 25 in Bangor to select a replacement for Platner as reported.

Geopolitical Stance

Chinese President Xi Jinping reaffirmed Beijing's unwavering support for North Korea, stating that China’s commitment to its friendship with Pyongyang, its backing for Kim Jong Un’s leadership, and its determination to safeguard shared interests "will not change."