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Last updated: July 21, 2026, 8:30 AM ET

Corporate Earnings Boost Outlooks Amidst Supply Chain Shifts

Several U.S. companies lifted their as strong customer demand and improving revenue streams drove second-quarter results. General Motors posted a profit of $1.31 billion on revenue of $48.03 billion, prompting the automaker to. Similarly, Northrop Grumman reported a profit of $1.09 billion, with sales up 5% to $10.88 billion, leading the aerospace and defense firm to. 3M also after a strong first half, with both profit and revenue rising in the second quarter. Hasbro similarly raised its outlook after swinging to a profit and logging higher revenue, driven by its Wizards of the Coast and digital-gaming segment.

Oil Market Tensions Escalate as Middle East Hostilities Rise

Escalating hostilities in the Middle East over oil supply security, according to the International Energy Agency. Kazakhstan is set to to a Black Sea port following attacks on tankers, jeopardizing its production capabilities. These tensions have also led to a surge in liquefied natural gas prices, with cash-strapped Asian nations like Pakistan and Bangladesh. Another tanker was attacked in the Strait of Hormuz, adding to regional risks and. Despite these supply worries, oil prices as mediators pushed for a U.S.-Iran ceasefire, while gold prices gained more than 1% on diplomatic efforts.

UK Market Sees M&A Activity and New Government Policy

The UK stock market is experiencing a significant wave of takeovers, with deals totaling over $60 billion, including Mitie Group Plc's agreement to be by rival outsourcer OCS Group. Shares in Mitie soared 40% following the announcement. Meanwhile, new UK Prime Minister Andy Burnham unveiled initial measures, including a cut in electricity taxes, as he aims to address the cost of living. Investors are awaiting further policy details, with UK government bonds showing small moves as economic data. Thames Water lenders are reportedly planning to offer a “golden share” to the UK government in a bid to avoid nationalization.

Emerging Markets Rally on China Tech Support and Global Investment Trends

Emerging market stocks following a state-sponsored rescue program for China's tech shares. Singapore is leading record foreign investments in Southeast Asia, which is seen as a "strategic winner" from supply chain shifts and capital reallocation, highlighting the region's resilience. Indonesia is also broadening its funding sources, with its sovereign wealth fund Danantara mandating banks for a potential sale of dollar bonds and marketing its inaugural yuan-denominated bonds in China's domestic debt market to diversify funding.

US Homebuilder Cuts Guidance Amidst Sluggish Demand

D.R. Horton, a major homebuilder, has for the fiscal year, citing sluggish buyer demand and ongoing supply issues that continue to weigh on builder sentiment. This comes as the U.S. market sees a rise in oil production, though drillers are.

Crypto Deal Scrapped, Prediction Market Scrutiny

A proposed three-way merger of crypto firms has been scrapped, with one of the leaders stepping down. Separately, scrutiny is increasing on prediction markets like Polymarket, where traders with inside information can potentially find rewarding opportunities.

Other Market Developments

Hasbro as revenue increased.