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 Weekly Wrap brief is ready for subscribers.
Brent crude surges toward $110 as Hormuz attacks intensify and AI stocks rout deepens
A turbulent week dominated by Middle East energy supply disruptions, a tech sector selloff, and hotter-than-expected US inflation data reigniting rate hike concerns.
All briefings
US strikes 90 Iranian military sites; S&P 500 futures rose 0.2%
The U.S. military conducted strikes against approximately 90 Iranian military sites on 10 July 2026, targeting radar installations, anti-ship missile batteries, and naval assets positioned around the Strait of Hormuz. Iran responded with mi…
Apollo bids 715p per share for easyJet in £5.7bn cash deal
US private equity firm Apollo has agreed to acquire British budget airline easyJet in a cash deal valued at £5.7bn (approximately $7.7bn), according to reporting on 10 July 2026. Apollo's offer, priced at 715 pence per share, surpasses a co…
NTPC issues tender to acquire stakes in international uranium mines
NTPC Ltd, India's state-owned utility and sole nuclear power generator, is seeking stakes in uranium mines internationally to secure fuel supplies for a planned nuclear capacity expansion, according to Oilprice and Bloomberg Markets. The co…
Japan PPI rose 7.1% year-over-year in June 2026, beating estimates
Japan's Producer Price Index rose 7.1% year-over-year in June 2026, according to data reported on 9 July 2026, exceeding the consensus estimate of 6.8% and accelerating from the prior month's 6.3% reading. On a month-over-month basis, PPI i…
Apollo bids £7.15/share for easyJet, topping Castlelake offer
EasyJet (EZJ.L) said on 10 July 2026 that it had received a cash takeover proposal from Apollo Global Management (APO) valuing the airline at £5.7 billion, or 715 pence per share — a figure its board said it would be minded to recommend to …
US existing home sales fell to 4.09M in June 2024; median price hit record $440,600
The US housing market recorded a national median existing home sales price of $440,600 in June 2024, an all-time high, even as existing home sales fell to 4.09 million — below the 4.20 million consensus and down 2.4% month-over-month from 4…
US sells $22bn 30-year Treasuries at 5.058% yield on 9 July
The US Treasury sold $22 billion of 30-year bonds at a high yield of 5.058% on 9 July 2026, completing its weekly coupon auction cycle, according to Finnhub. The yield came in marginally below the when-issued level of 5.061%, a result consi…
US strikes Iranian sites; Tehran retaliates and reasserts Hormuz control
A volatile European session dominated by renewed US-Iran military exchange, higher oil prices, the SK Hynix ADR debut, and a bidding war for easyJet.
Hormuz traffic halted as US-Iran ceasefire collapses; SK Hynix raises $26.5bn
An active overnight session dominated by US-Iran military escalation, record SK Hynix US listing, and a Japan PPI beat reinforcing BOJ rate-hike expectations.
PEP Q2 2026: filings, holdings, and macro context
Geopolitical developments have dominated recent market sessions, with tanker traffic through the Strait of Hormuz effectively halted following a second consecutive day of US military strikes against Iran. Iranian forces subsequently attacke…
SK Hynix raises $26.5bn in record US foreign-company IPO
SK Hynix completed the largest-ever US initial public offering by a foreign company on 10 July 2026, raising $26.5 billion through an American depositary share offering on Nasdaq. The South Korean memory chipmaker offered approximately 18 m…
NESO issues rare summer margin notice amid UK heatwave
Britain's National Energy System Operator (NESO) issued an Electricity Margin Notice (EMN) on 9 July 2026, asking power stations, interconnector operators and other market participants to identify any additional capacity they could make ava…