A FTSE 100 turnaround story that will keep rewarding investors - Investors' Chronicle

• Record-breaking temperatures across Europe are placing significant pressure on food prices, supply chains, and heavily indebted national economies. • These climate challenges are compounding existing financial market instability caused by an energy shock linked to conflict in Iran.

• The United States conducted a historic currency intervention to support the Japanese yen, blindsiding the European Central Bank (ECB) by selling euros to facilitate the purchase. • According to the Financial Times, the US only informed officials in Frankfurt after the transactions were completed, rather than coordinating in advance.

• Australia's trade balance shifted to a surplus in June, exceeding market forecasts due to a significant rebound in exports. • The growth was driven by increased iron ore shipments to China, Japan, and South Korea, as well as stronger coal exports to India, Japan, and China.

• Most Asian stock markets declined, led by a significant drop in tech-heavy indices as technology firms faced renewed selling pressure. • Tokyo's Nikkei fell approximately 2%, with major losses seen in chipmaker Kioxia (over 10%), Tokyo Electron (7%), and SoftBank (6%).

• Indian equity benchmarks ended largely unchanged on Thursday, with the Nifty 50 edging up slightly by 0.05% during a muted weekly expiry session. • Market stability was influenced by mixed global cues, though optimism persists regarding a potential de-escalation in West Asia and strong Q1FY27 corporate earnings.

• Asian shares showed mixed performance in early trading as investors shifted focus toward upcoming US jobs data. • Treasury futures declined and the 10-year yield held at 4.68% following a seven basis point climb during the US session.

• Major US indices, including the Dow, S&P 500, and Nasdaq, declined as investors reacted to a combination of rising oil prices and Treasury yields. • Market pressure is being driven by concerns over AI spending, corporate earnings reports, and recent US labor market data.

• CNBC's Jim Cramer identified five key investment trends based on recent earnings season data on June 8, 2026. • Key growth areas include robust consumer spending (Capital One, Ralph Lauren), AI infrastructure via semiconductor equipment (Lam Research), and cybersecurity (CrowdStrike, Palo Alto Networks).

• South Korean stocks experienced their sharpest daily loss in over four months on July 28, 2026, with the Kospi sinking 10.84% to close at 6,023.66. • The decline was driven by an Asia-wide sell-off in semiconductor shares, specifically impacting industry giants Samsung and SK Hynix.

• Global oil prices have dropped below $80 per barrel following talks between Iran and Oman, raising hopes for a potential peace deal between the US and Iran. • US equity markets showed mixed results as investors weighed strong corporate earnings against ongoing uncertainty regarding the broader economic outlook.

• Castlelake has withdrawn its interest in easyJet, effectively removing a major competitor and clearing the path for Apollo Global to pursue the airline. • In broader financial markets, European shares rose and Brent crude oil prices remained stable, hovering around $80 per barrel.