Stock market today: Live updates - EUROPE SAYS

• Revolut has secured a French banking licence, establishing its second EU banking hub to expand its operational capabilities. • The licence allows the fintech giant to offer lending and savings products, initially to French customers before expanding to Germany, Ireland, Italy, Portugal, and Spain.

• Major European stock markets are expected to open lower on Monday as investors react to escalating tensions in the Middle East. • Oil prices have surged following Iran's denial of direct negotiations, adding to market volatility and economic uncertainty.

• European stock markets are experiencing a significant rally, with investor demand remaining much firmer than analysts previously expected. • Market metrics, including earnings, economic growth, and fund flows, indicate a major shift in sentiment toward the region's resilience.

• AMC's European business has experienced a significant recovery, driven by surging attendance and increased EBITDA. • Growth was primarily supported by a strong movie slate and the implementation of premium theater upgrades.

• Revolut has secured a full French banking licence, marking its second full banking license within the European Union. • The fintech will use France as a Western European banking hub, transitioning operations there first before expanding to Germany, Ireland, Italy, Portugal, and Spain.

• Wall Street's main indexes opened largely unchanged on Monday, with S&P 500 and Nasdaq futures edging higher while Dow E-minis fell 78 points (0.14%). • Investors are closely monitoring geopolitical developments in the Middle East, specifically regarding the reopening of the Strait of Hormuz to ensure stable energy flows.

• PennantPark Investment (PNNT), PennantPark Floating Rate Capital (PFLT), and White Mountains Insurance Group (WTM) are all scheduled to provide business updates today. • The updates will focus on critical financial metrics, including middle-market credit liquidity, floating-rate portfolio performance, and insurance capital allocation.

• The Sensex and Nifty indices finished marginally higher, driven by earnings-led stock movements despite a subdued overall market sentiment. • Gains were limited by geopolitical uncertainty surrounding the US-Iran conflict and concerns over crude oil prices, as Tehran maintained conditions for reopening waterways.

• S&P 500 and Nasdaq futures rose slightly on Monday, August 10, as investors monitored geopolitical tensions in the Middle East. • Iran reported it is nearing a final agreement with Oman to define new shipping lanes through the Strait of Hormuz, though it maintains that the U.S. must meet specific conditions before the waterway reopens.

• USA Compression Partners (USAC) is currently trading at $25.82, reflecting an 11.64% decline over the last 90 days despite an 18.48% gain over the past year. • Market analysts have set a target value of $29.67, suggesting the stock is currently undervalued by approximately 13%.

• US stock markets opened with muted performance, with the S&P 500 seeing a subdued start and the Nasdaq sliding into the red, dragged down by Intel. • Market volatility is driven by persistent tensions with Iran and rising oil prices as traders seek clarity regarding the Strait of Hormuz.

• European stock markets remained flat as traders balanced potential oil-related risks against a heavy schedule of upcoming economic data. • Key reports expected later this week include Eurozone second-quarter GDP, employment change metrics, and July inflation readings from Germany, France, and Spain.