The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
1458 GMT - Anticipation for the SpaceX IPO, expected Friday, has added some volatility in the tech sector, Dan Ives and other Wedbush analysts say in a research. Traders and investors are expecting a ripple impact from the historic debut, they say. SpaceX would be such a mammoth that it could take some oxygen away from the overall tech and semiconductor trade as investors rotate into SpaceX, but that should be a short-term bump in the road as the market adjusts, the analysts say. They anticipate that SpaceX and Tesla will eventually merge into one company in 2027. There is already groundwork in place for the two operations to become one, the analysts say. (dean.seal@wsj.com)
1104 GMT - Europe has an opportunity to rethink how it builds its energy system for the future after wars in Ukraine and the Middle East exposed its vulnerability to imported energy, Shell Chief Executive Wael Sawan says at the WSJ Leadership Institute CEO Summit. Europe suffers from higher electricity prices than the U.S. and China, which will hamper its ability to attract data centers, he says. The key challenge for Europe is how to build its energy system so it can keep pace in the AI race and avoid the deindustrialization of parts of its economy, Sawan adds. Shell shares trade flat at 3,180 pence.(adam.whittaker@wsj.com)
0813 GMT - Gold slides 2% as fresh U.S.-Iran strikes raise fears that a prolonged conflict and higher oil prices could fuel inflation and prompt interest-rate hikes by the Federal Reserve. The U.S. launched military strikes Tuesday against Iran in response to the downing of a U.S. Apache helicopter near the Strait of Hormuz, while Iran's Islamic Revolutionary Guard Corps launched a drone attack on the U.S. Fifth Fleet in Bahrain. The latest escalation has increased uncertainty over prospects for a peace agreement and gradual reopening of the Strait, a critical artery for global energy shipments. "The precious metal is now roughly 20% below its pre-conflict level, with additional selling pressure emerging after prices fell below key technical support levels closely watched by investors," analysts at MUFG say. In early trading, New York gold futures are down 2.3% to $4,185.70 a troy ounce. (giulia.petroni@wsj.com)
0724 GMT - European indexes edge higher at market open in cautious early trade, as most sectors rise though software stocks continue their volatile run. The Europe-wide Stoxx 600 is 0.2% higher. London's FTSE 100 rises 0.2% as grocery stocks gain, though HSBC Holdings weighs on the index, falling 1.9%. The French CAC 40 gains 0.3% as luxuries edge higher, with LVMH rising 0.8%. Germany's industrial-heavy DAX edges up 0.2%. Software giant SAP falls 2.4%, though banks and autos gain. Italy's FTSE MIB rises 0.6% as banks extend gains and cross-listed STMicroelectronics jumps 2.25% after heavy losses Tuesday. The tech-heavy AEX is up 0.3% in Amsterdam, even as semiconductor stocks struggle, with ASML nudging down 0.3%. Spain's IBEX 35 is up 0.4%.(josephmichael.stonor@wsj.com)
0710 GMT - Castlelake's interest in easyJet shouldn't be taken lightly, Deutsche Bank's Jaime Rowbotham says in a research note. The investment firm already has a direct commercial relationship with easyJet, owning a 2.14% stake in the U.K. discount carrier, Rowbotham says. Castlelake in 2023 bought undervalued aviation assets suffering cyclical stress before optimizing and exiting, the analyst adds. While its interest in easyJet is therefore significant, "other partners will likely have to be involved in any successful take-out to satisfy European Union ownership and control rules." The analyst raises easyJet's recommendation to hold from sell and the price target on its stock to 540 pence from 340 pence. (nina.kienle@wsj.com)
0405 GMT - Li Auto's refreshed L-series SUVs might deliver a more muted boost than previously as competition in China's premium SUV market intensifies, HSBC Global Research analysts say in a note. The updated L9 is off to a solid start, attracting about 10,000 orders in its first two weeks, with demand skewing toward higher-end variants. The launch of the refreshed L8 later this month should help boost sales volumes and product mix. HSBC expects deliveries and profitability to recover gradually in 2H 2026. However, it now expects Li Auto to post a loss in 2026, citing weaker volume expectations, lower revenue assumptions, margin pressure and a higher operating-expense ratio. HSBC keeps its hold rating on the stock and cuts its target price to $15.60 from $17.20. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
June 10, 2026 12:20 ET (16:20 GMT)
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