
U.S. Futures Edge Higher After Subdued Inflation Data
Stock futures were higher, but oil, Treasury yields, and gold were all lower as investors weighed signs of cooling U.S. inflation that might allow the Fed to hold rates.
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Stock futures were higher, but oil, Treasury yields, and gold were all lower as investors weighed signs of cooling U.S. inflation that might allow the Fed to hold rates.

An oil refinery in the Russian city of Orsk that was hit by a Ukrainian drone strike two days ago has been forced to shut down completely, and repairs could take up to six months, the regional governor said on Thursday, warning of disruption for motorists.

Online fast-fashion platform Shein on Thursday lost its London lawsuit against rival Temu for alleged copyright infringement in relation to photos of some of its products.

Asian markets climb on AI enthusiasm, yields dip

Key Contributors include Palo Alto Networks, ASML Holding, and Taiwan Semiconductor. Key Detractors include Micron Technology, AIA Group, and BAE Systems. Notable Trades include AMD, BrightSpring Health, AbbVie, and Stryker.

The 2026 US Insurance Investments Market Report, newly released by S&P Global Market Intelligence, tracks the evolution of the property and casualty and life sectors' asset allocation strategies through the end of 2025. Total cash and invested assets across both sectors climbed to approximately $8.68 trillion at year-end 2025, with life general accounts reaching $5.97 trillion (a 6.2% increase) and P&C industry totals advancing 8.1% to $2.71 trillion.

Options traders are chipper about equities but wary of debt

Thyssenkrupp is in advanced talks to adjust the funding framework for its new green steel plant in Duisburg to reflect the changed economic environment, its finance chief said.

Water levels on the Rhine river at Kaub, Germany, have fallen to the lowest since records began in 1880, and could drop further as another heat wave bakes Europe this week. Companies such as Thyssenkrupp, BASF and Lanxess that rely on the waterway have had to adjust rapidly to keep goods flowing.

Online fast-fashion retailer Shein is planning to make its stockmarket debut in Hong Kong on August 28, a person with knowledge of the matter said, ending a listing pursuit that took it to New York and London before coming to the Asian financial hub.

Stride remains a 'Hold' as operational vulnerabilities and valuation concerns persist despite market leadership in online education. Full-year results met expectations, with revenue up 4.7% YoY, driven by 14% Career Learning enrollment growth, but offset by declines in other segments. CEO transition introduces uncertainty; share repurchase program extension signals a focus on shareholder returns, with $311 million remaining.

Unity's divestitures of non-core, lower growth/margin businesses allowed them to focus on their vertically integrated game engine/adtech monetization capabilities. The accelerated R&D with Unity 7, AI-powered tools, and expanded partnerships with NFLX may sustain Create's subscription growth cadence. Their proprietary gameplay/user data and transition to Day 28 ad campaigns allow them to deliver improved ROAS and accelerated Grow expansion.

Par Pacific is rated Buy, leveraging isolated markets and import parity pricing to sustain superior margins amid global refining disruptions. PARR's refining margin could remain at $10.5/bbl, supporting a 9% EBITDA margin and $750m EBITDA, with logistics and retail adding stable $200m EBITDA. Valuation is conservative with a $101 price target (8x PE), while PARR trades at a 30% discount to peers despite its protected market advantages.

Swedish gaming company Embracer posted first-quarter adjusted operating profit that more than doubled analysts' expectations on Thursday, driven by stronger earnings from its PC and console games business.

Digital infrastructure services provider Black Box has secured an order worth $131 million from a U.S.-based global Tier-1 hyperscaler for a major data centre project in the United States, the company said on Thursday.