The Newton’s Cradle of credit today
‘Technicals have not merely supported fundamental pricing this cycle — they have displaced it’
Economic news
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Family behind top US egg producer reaped $320mn after price surge
Descendants of Cal-Maine founder sold controlling stake near a record high after what authorities said was an effort to rig the market
UniCredit secures 48% stake in Commerzbank
Italian bank closing in on majority control of German lender after end of tender period
US launches wave of Iran strikes after attacks on tankers
Nato secretary-general Rutte backs US action as ‘absolutely necessary’ as Revolutionary Guards retaliate
South Korea falls into bear market as traders fret over AI chipmakers’ prospects
Kospi retreats more than 20% from June peak as sentiment starts to turn on Samsung Electronics and SK Hynix