Public Markets 8 Hours

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

Asia Markets & Listings

seeks $7.02 in Hong Kong’s largest initial public offering this year, with the Shenzhen-listed company aiming to raise as much as HK$55 billion ($7 according to Bloomberg. The yen to a fresh four-decade low against the dollar, intensifying pressure on Japanese authorities to intervene. Hong Kong home prices are forecast to rebound 19% over two years, driven by mainland Chinese demand and limited supply.

Middle East Tensions & Oil

edged higher amid escalating concerns over supply disruptions in the Middle East, with futures extending their rally on continued U.S. and Iran strikes as per WSJ. President Trump, threatening further strikes and broadening risks to global supply beyond the region. Goldman Sachs if the Strait of Hormuz remains disrupted. Saudi tankers reversed course after Houthi threats, signaling fresh risks to Red Sea shipping. Kazakhstan halted oil to a key Russian terminal following Ukrainian tanker attacks, potentially removing another 1 million barrels a day from the market. The Pentagon estimates the Iran war, with calls for an additional $80 billion to replenish weapons stocks according to Hegseth.

US Economic & Corporate Watch

U.S. stocks as chip shares staged a strong recovery, with investors positioning for a wave of major technology earnings. Super Micro Computer as previously guided, projecting 15% to 17%. Alaska Air Group swung to a second-quarter loss of $76 million, but expects a third-quarter recovery. Capital One Financial swung to a profit in the second quarter as loan-loss provisions dropped. The U.S. Treasury Department, warning Wall Street about "too good to be true" strategies.

Global Markets & Deals

Moody’s upgraded for the third time in less than three months, validating President Javier Milei’s economic reforms. KKR & Co.’s commercial real estate lender, including a potential sale or merger. Iberdrola SA in Finland’s main electricity distribution network, Caruna Group, for €2 billion ($2.3 . Fenway Sports Group of the Liverpool Soccer Team.

Regulatory & Policy Shifts

moved restrict with a new law banning access to some accounts for those under. The U.S. Treasury warning hedge regarding "tax alpha" strategies, causing shares in AMG to tumble. The Trump administration from California and Minnesota over suspected fraud.

Ukraine Conflict & Leadership

President Zelensky amid protests and following the firing of a defense minister who had clashed with the general over war strategy. The Pentagon estimates the Iran war, with calls for an additional $80 billion to replenish weapons stocks according to Hegseth.

Other Market Developments

Gold held as traders weighed oil supply risks against potential inflation and Federal Reserve rate decisions. The WSJ Dollar Index rose 0.18% to 97.34, extending its gains for a fourth consecutive trading day. Canadian stocks climbed as surging gold prices offset threats of U.S. tariffs.