Territory

Riyadh’s decision to join the US in striking sites associated with the Iran-backed Popular Mobilisation Forces further complicates a chaotic warUS-Saudi strikes on Iran-backed militia in Iraq on Wednesday have pushed the region into “uncharted territory”, analysts have warned.Amid stark warnings of a widening and increasingly “unpredictable” conflict, Riyadh’s decision to publicly join the US in striking sites associated with Iraq’s Popular Mobilisation Forces, killing at least 20 fighters, has added another complicating dimension to the war. Continue reading...

• T-Mobile US stock is trading near record highs as the company focuses on its 2025 earnings guidance and the integration of its UScellular acquisition. • The company's strong market position is currently supported by rising profitability and robust free cash flow generation throughout 2024 and into 2025. • Investors are closely monitoring key performance indicators, including profit margins, customer addition rates, and overall cash flow.

• JPMorgan Chase stock is trading near record highs following strong earnings momentum driven by higher interest income and robust credit quality. • The bank reported a substantial increase in annual net income, bolstered by non-interest revenue from trading, investment banking, and high consumer spending volumes. • This growth is significant as it solidifies JPMorgan's position as one of the most profitable banks globally while allowing for expanded capital returns and buybacks.

• South Korea's KOSPI index exited bear market territory following a 5% jump on Friday, recovering from a 20% decline from its June peak. • Despite recent volatility, the index remains the world's top-performing market with a significant 76% year-to-date gain. • Goldman Sachs maintains a high conviction in the market, raising its 12-month target to 12,000 and forecasting 300% earnings growth by 2026.

Data shows the rightwing party faces an obstacle in the form of urban seats – and the effect of preference flows is harder to predictGet our breaking news email, free app or daily news podcastOne Nation’s spectacular rise from a distant 6% of the vote in the last election to first or second in some recent polls has upended Australian politics. It has also made it a lot harder to predict what exactly will happen at the next election.Traditionally, pollsters and election experts would look at how preferences flowed in previous elections when estimating two-party preferred numbers, or translating polling into seat projections. This was fairly predictable when almost every seat would come down to a contest between Labor and the Coalition. Continue reading...

• South Korea's KOSPI index rebounded nearly 4% in early trading on Thursday, July 9, peaking at 7,539. • This recovery follows a sharp 5.35% plunge on Wednesday that had dropped the index to 7,246.79 and pushed it into bear market territory. • The surge is significant as it lifts the index back above the 20% threshold, effectively escaping the bear market designation.

• The UK stock market opened with gains, with the FTSE 100 edging up 0.07% to 10,485.84 points, while the FTSE 250 and FTSE All-Share also traded in positive territory. • Market growth was primarily driven by strong performance in banking and mining stocks, alongside increased corporate merger and acquisition activity. • Investors are currently balancing these gains against economic headwinds, including the Bank of England's 3.75% interest rate stance and fluctuating commodity prices.