Editorial briefings
Four scheduled briefings per week — pre-Europe and pre-US session opens on weekdays, plus weekend catch-up and weekly wrap. Curated from public filings and verified news sources.
Good morning. Today's Pre-Europe brief is ready for subscribers.
Semiconductor selloff deepens as hot US inflation fuels Fed rate-hike fears
A risk-off overnight session driven by US inflation spillover, a broad semiconductor selloff, and volatile crude prices amid Middle East shipping tensions.
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Oil drops 5% as Trump cancels Iran strike and announces fresh talks
An eventful overnight session dominated by US-Iran de-escalation, a rare coordinated US-Japan yen intervention, and sharp moves in oil, Korean equities, and the yen.
Qatari LNG tanker struck in Hormuz as US-Iran military exchanges intensify
A week of sharp geopolitical escalation dominated by US-Iran military exchanges, tanker strikes in the Strait of Hormuz, and significant central bank decisions across the Federal Reserve, Bank of England, and Bank of Japan.
Situational Awareness hedge fund cut to $10bn after margin calls; Citadel acquired positions
Leopold Aschenbrenner's AI-focused hedge fund Situational Awareness, which had reached approximately $45 billion in assets under management, was forced to significantly reduce its public stock positions on 31 July 2026 following a historic …
Apple Q2 2026 revenue $109.4bn beats estimates; Amazon also beat
Apple reported quarterly revenue of $109.4bn for Q2 2026, surpassing Wall Street estimates of $108.65bn, with earnings per share of $2.02 driven by iPhone and laptop sales. Amazon also beat revenue forecasts in the same reporting period. Bo…
Burnham signals 'pragmatic' North Sea approach after Trump call
UK Prime Minister Andy Burnham said he indicated to US President Donald Trump during a phone call that he would take a 'pragmatic' approach to North Sea oil and gas, and that his government could not ignore the resource when people are stru…
Coinbase misses revenue and earnings forecasts for third consecutive quarter
Coinbase Global Inc. reported second-quarter results on 30 July 2026 that fell short of Wall Street expectations, marking the third consecutive quarter in which the company missed forecasts on both revenue and earnings. Bloomberg Markets re…
US GDP grew 1.5% annualised in Q2 2026, missing market expectations
US gross domestic product expanded at an annualised rate of 1.5% in Q2 2026, falling short of market expectations, according to Bloomberg Markets. The release was dated 30 July 2026. Bloomberg Markets reported that gains in consumer spendin…
Samsung Q2 operating profit beat expectations; share price fell
Samsung Electronics reported second-quarter operating profit exceeding analyst expectations, with results announced on 29 July 2026. The outperformance was attributed to strong demand for AI chips and continued momentum in semiconductor sal…
BP initiates North Sea oil and gas business sale process
BP has formally initiated a sale process for its North Sea oil and gas business, according to reporting on 31 July 2026 from Oilprice, Guardian Business, and Bloomberg Markets. The divestment would end approximately six decades of BP produc…
New York sues Kalshi over unlicensed gambling allegations on 31 July 2026
New York state filed a lawsuit against Kalshi Inc.'s trading subsidiary on 31 July 2026, alleging it operates an unlicensed and illegal gambling operation within the state. The action follows a federal judge's earlier denial of Kalshi's mot…
Stellantis returns to Q2 2026 profit; STLA shares fall 5%
Stellantis reported a return to profitability in the second quarter of 2026, driven by strong North American demand, according to CNBC. The automaker's earnings result marked a turnaround from prior-period losses, with North American vehicl…
Shell Q2 2026 profits rose; Glencore H1 marketing profit reached $3.3 billion
Shell Plc reported a significant increase in Q2 2026 profits, driven by strong performance in oil refining operations and energy trading activities, according to Bloomberg Markets. The company benefited from elevated refining margins and ac…