MARKET REPORT

What an index, a sector or an asset class did, and why. The default for session coverage.

Flash PMIs Show US, UK and Eurozone Growing Faster With Cooling Inflation

Three separate August flash surveys point to the same pattern: output accelerating while price pressures ease, a combination investors have been waiting for.

August flash PMI readings from the US, UK and eurozone all showed stronger output growth alongside cooler inflation signals, the closest thing to a synchronized soft-landing print investors have seen this year.

MARKET REPORT

Nasdaq slips as the Treasury bid fades, but crypto equities run the other way

The August 20 session split: bond-sensitive tech gave ground while bitcoin-linked shares rallied and energy-land owner LandBridge hit a record.

The Nasdaq fell in the August 20 session as a rally in US Treasuries — which had been pushing yields down — ran out of steam, while crypto-linked equities climbed with bitcoin.

MARKET REPORT

Earnings Season Bifurcates: Infrastructure and Emerging-Market Retail Surge While Legacy Media and Medtech Lag

Stantec's record $9.2 billion backlog, EquipmentShare's 26% revenue growth and BBB Foods' 39% top-line expansion contrast sharply with Comscore's 11.3% revenue decline and Wolfspeed's restructuring, exposing a widening quality divide.

A heavy transcript session revealed a sharply two-tiered market: capital-project and value-retail names delivered record results, while advertising measurement, legacy semiconductors and small-cap software struggled with structural demand erosion.

MARKET REPORT

European Equities Grind Sideways as Mining Strength Offsets Middle East Risk Premium

FLSmidth raises full-year guidance on strong Q2 while Nordic small-caps deliver mixed prints; Africa's critical minerals emerge as the structural story beneath the tape

European shares closed largely unchanged as gains in mining and industrials neutralized renewed geopolitical anxiety around the Middle East. FLSmidth jumped after lifting full-year guidance, while a heavy Nordic earnings slate produced divergent outcomes — Elmera profit up 30%, Xplora margins expanding, Vow and Leroy Seafood under pressure.

MARKET REPORT

Australian Reporting Season Punishes Growth Premiums Despite Earnings Beats

HUB24 shares fall 7.5% on a 51% profit surge and Region Group slips 3.4% on a 9.8% total return, as investors reprice richly valued domestic names on guidance conservatism rather than delivered results.

A cluster of Australian FY26 results demonstrated a clear market pattern: strong delivered earnings met with negative share price reactions where forward guidance disappointed or valuations left no margin for error. HUB24, Region Group and Cogstate all declined, while Cochlear and Reliance Worldwide were rewarded on cash generation and operational surprise.

MARKET REPORTBEARISH