Lifts

• Eurobank has raised its 2026 outlook following strong financial results reported for the first half of the year. • CFO Harris Kokologiannis detailed a full-year Net Interest Income (NII) guidance of €4.5 billion, comprising €2.7 billion from H1 and an expected €1.8 billion for H2. • The bank is actively expanding its bond position and indicated it may acquire up to an additional €1 billion in bonds during the remainder of the year.

• Goldman Sachs has increased its 12-month target for Japan's TOPIX index from 4,400 to 4,500, suggesting a potential upside of approximately 12%. • The firm's optimistic outlook is driven by expectations that a weak yen will significantly boost Japanese corporate earnings. • This move comes as the TOPIX remains only 2% below its all-time high set in June, outperforming other Asia-Pacific markets with a stable forward P/E ratio of 16x to 17x.

• KBRA has affirmed the credit ratings for Old Second Bancorp, an Illinois-based lender, while upgrading its outlook to positive. • The rating action is driven by the company's improved earnings performance and strengthening capital trends. • This shift reflects a boost in the bank's overall financial profile, signaling increased stability and growth potential.

• Representatives from the CJP met with Union ministers JP Nadda and Jitendra Singh at the Constitution Club to discuss their demands. • A primary objective of the meeting was to call for the resignation of Minister Pradhan. • The CJP reports that the government has requested additional time to consider and respond to their grievances.

• South Korea's five largest financial groups achieved a record combined net income of 13.12 trillion won ($8.97 billion) during the first half of the year. • Shinhan Financial Group contributed to this growth with a 13.3 percent profit increase, driven by a 19.7 percent rise in noninterest income. • The rally was supported by strong performance in securities and asset management, which increased the nonbank share of group profit to 35 percent.

• Stock markets are reacting to several key catalysts this Monday, including new inflation data and retail margin usage trends. • Significant financing deals are highlighting growth in data center infrastructure, including a $3.2bn bond for TeraWulf backed by Google and a $27bn debt package for Meta’s Hyperion project with Blue Owl. • Broadcom is also receiving advisory services for a $35bn chip financing deal, signaling strong momentum in high-tech capital expenditures.

• European airlines are facing increased risks of insolvency and restructuring due to rising fuel costs triggered by the conflict in Iran. • The surge in oil prices is expected to hit the industry particularly hard during the peak summer travel season. • Smaller carriers are identified as the most vulnerable to these financial pressures, as they lack the capital buffers of larger airlines.