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The Daily Briefing · Tuesday, August 11, 2026
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Iran IRGC Holds Hormuz Blockade, Demands $300B Fund
The Hormuz blockade has cut daily vessel transits 94%, from ~130 to just 8–15 ships, disrupting 25% of global seaborne oil trade
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Also today
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Iran: Oman Hormuz Deal Near, No Direct US Talks
Iranian FM Araghchi confirms Tehran and Muscat have agreed on Hormuz shipping-lane coordinates; a joint statement is in final drafting.
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China July Inflation Miss Deepens Deflation Risk
China PPI 3.5% YoY in July missed the 3.8% consensus and decelerated sharply from 4.1% in June, the weakest factory-gate print since April.
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STOXX 600 at 660.12 After Record; Q2 Earnings Near 21%
The STOXX 600 held flat at 660.12 Monday, pausing after Friday's record close and a 1.7% weekly gain, the fourth consecutive advance.
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Nikkei 66,920: AI Semis Drive Four-Week High
Nikkei 66,920 marks the index's highest close in nearly four weeks, fueled by AI semiconductor momentum from Wall Street.
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RKLB +9%: Space Force Deals Fuel Rocket Lab Into Q2 Print
RKLB climbed roughly 9% on August 10, extending a 41% recovery from its late-July low on $663 million in combined Space Force contract wins and a fresh analyst upgrade.
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monday.com Falls 10% on Q3 Guidance Miss Despite Q2 Beat
MNDY guidance for Q3 came in at $368M–$370M, a midpoint of $369M, below the $372.85M analyst consensus and implying 16–17% year-over-year growth.
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More headlines
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AbCellera ABCL635 Phase 2 Win Drives 41% Biotech Breakout
ABCL635 reduced moderate-to-severe hot-flash frequency by 83% vs. 33% for placebo after a single 600 mg subcutaneous dose at week four.
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Dual Take-Privates: Bowman, MarineMax in $2.5B PE Sweep
Bernhard Capital Partners acquires Bowman (BWMN) at $43/share in cash, a 58% premium to the unaffected August 7 price, in a ~$1B deal expected to close Q4 2026 or Q1 2027.
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Teledyne to Buy Varex Imaging for $1.1B at 88% Premium
Teledyne will pay $18.90 per share in cash for Varex Imaging, an 88% premium over where shares traded in late May 2026.
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Treasury Yields Near Monthly High as Oil Fans CPI Fears
The 10-year Treasury yield rose 4+ basis points to 4.705%, its highest level in August, while the 2-year reached 4.241%.
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Ryan Cohen Weighs Pulling $56B GameStop eBay Bid
GameStop CEO Ryan Cohen is reconsidering the company's $56 billion unsolicited bid for eBay, pivoting toward a strategic partnership that would leverage GameStop's retail footprint for trading cards a...
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Intel $5B Offering Funds AI Capex, Dilutes Shares 3%
Intel priced a $5B common stock offering plus a $250M overallotment option, totaling up to $5.25B in fresh equity.
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BofA Sentiment Gauge Signals First Sell Since 2021
BofA's proprietary sentiment gauge climbed to 9.7 from 9.4, the highest reading since November 2021 and above the 8.0 threshold that constitutes a formal sell signal.
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VRTX Surges 7.2% Premarket on Q2 Revenue Beat
Q2 revenue of $3.33B rose 12% year-over-year, topping the $3.22B consensus by 3.4%; full-year 2026 guidance raised to $13.1–$13.2B.
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Houthi Strike on Jizan Refinery Sends Brent Past $85
Brent crude climbed $2.33 to $85.88; WTI gained $2.20 to $80.38, both advancing roughly 3% on the session.
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Silver Hits $64, Up 65.8% in 2026
Silver bullion reached $64.03 per troy ounce on August 10, extending a 10.6% weekly gain after July nonfarm payrolls fell 23,000, versus expectations for an 80,000-job gain.
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July CPI Report: Tariff Goods Surge Tests Fed's Hold
Consensus forecasts put July headline CPI at +0.2% month-over-month; core CPI is expected at +0.3%, pushing the annual core rate back toward 3.0%, the highest in six months.
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Fed September Hike Odds Sink to 44% on Jobs Miss
CME FedWatch fed rate odds chart shows September hike probability fell to 44% from 67% one week ago, pushing the hold probability above 56%
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Video of the day
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Legal Tender vs Money
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The Daily Briefing from Pomegra. AI-curated market news, educational content only. Nothing here is investment advice.
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