The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.
1944 ET - Japanese stocks may fall following their recent sharp gains to record highs driven by hopes for the U.S.-Iran peace deal. Nikkei futures are down 0.6% at 69070 on the SGX. The dollar is at 160.40 yen, compared with Y160.23 as of Tuesday's Tokyo stock market close. Investors are focusing on details of the U.S.-Iran agreement as well as crude oil prices. The Nikkei Stock Average rose 0.1% to a record 69404.50 on Tuesday. (kosaku.narioka@wsj.com)
1650 ET - Around 16% of companies surveyed by the Bank of Mexico expect a positive impact on demand from the soccer World Cup under way in the U.S., Mexico and Canada. Among companies in Mexico with more than 100 employees, 11.9% in the manufacturing sector expected an increase in demand, and 18.3% in services sectors. Expectations were higher in the three states where games are being played--Jalisco, Nuevo Leon and Mexico City--although "the evidence points to economic effects extending beyond host states, particularly toward beach resorts," the central bank says. Goods likely to see greater demand, according to the survey conducted in April, include food and beverages, World Cup-related sports clothing and flat screens. Businesses involved in hotels, restaurants, transport, financial services, streaming services and broadband also expected to see a benefit. (anthony.harrup@wsj.com)
1611 ET - U.S. stocks end mixed as the tech sector pulls back from Monday's strong rally, while the Dow Industrials extend its record. Chip stocks are mostly lower, while financials and industrials are the top performing sectors. Markets will closely watch communication from new Fed Chairman Kevin Warsh, as the central bank is widely expected to keep rates steady. SpaceX shares add another 4.8% pushing the company over Amazon as the fifth largest by market capitalization. DJIA gains 328 points, or 0.6%, to 51999, while the S&P 500 loses 0.6% to 7511 and the Nasdaq drops 1.2% to 26376. (patrick.sullivan@wsj.com)
1454 ET - A decline in Treasury yields since the Middle East peace deal has been announced may not go much further, BNP Paribas' Guneet Dhingra says in a note. "We do not believe the end of the Middle East conflict will send Treasury yields closer to pre-event levels," he says. Dhingra adds that economic data "and broadening inflation pressures have kept, and will continue to keep yields elevated, in our view." He suggests option investment strategies betting on rates declining less than expected by markets overly optimistic about the impact of a peace deal in the Middle East. (paulo.trevisani@wsj.com; @ptrevisani)
1420 ET - The three largest sale-leaseback deals in the U.S. during this year's first three months had a combined value of nearly $1 billion, according to SLB Capital Advisors. The firm specializes in such transactions, in which a business sells a property to an investor and immediately leases it back. The largest of the three deals involved Gaming & Leisure Properties' acquisition in February of properties from Bally's Twin River Lincoln Casino Resort in Rhode Island. "Bally's said the sale-leaseback generated $700 million of total consideration before transaction expenses and taxes," SLB says. In another deal, Essential Properties bought a collection of 69 restaurants from the Denny's chain for $146 million, SLB adds. "These headline transactions came during an active first quarter for the broader sale-leaseback market." (luis.garcia@wsj.com; @lhvgarcia)
Canada's economy exited a weak first quarter on stronger footing and momentum is building, Royal Bank CEO Dave McKay says. Job numbers have been strong two consecutive months, consumers are looking resilient and the residential mortgage market has seen shoots of coming back as a big part of Canada's economy, he says. Although GDP has contracted two straight quarters in annualized terms, per-capita GDP is up quite significant, McKay says during an event in Toronto. Looking ahead, he expects the economy to be charged by strong defense spending, the likely construction of at least two pipelines, and investment in infrastructure and ports and the rail system. These coming catalysts are stoking a risk-on environment that is encouraging investment in Canada, he says. (robb.stewart@wsj.com)
1414 ET - United Airline shares have a chance to narrow their valuation gap with Delta now that airline stock movements will be tied more to performance than to headlines about the Strait of Hormuz, UBS analysts Atul Maheswari and Thomas Wadewitz says in a research note. Given the United executives' recent statements about M&A, investors don't have to worry about it buying a highly leveraged airline and getting saddled with debt, the analysts say. Jet fuel prices meanwhile have been coming back to earth, removing that overhang on airline earnings and making Delta's refinery less of a leg-up on its competitors, they say. Those factor's should drive gains for United even as Delta's premium holds steady, the analysts say. (dean.seal@wsj.com)
1408 ET - Prime Minister Mark Carney's Davos speech encouraging middle-power multilateralism may not have sat well with some in the U.S., but shouldn't be viewed as presenting an "either or" path, Royal Bank CEO Mark McKay says. "I was in the room in Davos, and the way I took it and the way I think it's kind of rolled out over the last six months is very much an aspiration to diversify the economy," he tells a Bloomberg TV event in Toronto. The U.S. will remain Canada's largest and strongest partner and the USMCA trade pact is expected to be renewed, however bilateral agreements will grow that diversify Canada's trade partnerships in a multipolar world, McKay says. (robb.stewart@wsj.com)
1406 ET - The North American trade pact is too important to the U.S., Canada and Mexico to cancel, Royal Bank CEO Dave McKay reckons. McKay at a fireside chat in Toronto says the relationship between Canada and the U.S. remains strong, embedded in hundreds of billions of dollars in two-way trade. The countries are going through a process of renegotiating USMCA and McKays says that while this is a protracted process each nation is making progress is understanding the changes other administrations need. "There's been no mention of canceling the agreement...There's a big difference between termination and cancellation," he says, explaining would mean not extending USMCA for six years from 2036 while cancellation means giving notice of a permanent withdrawal. (robb.stewart@wsj.com)
1355 ET - Analysts surveyed by Dow Jones this week are anticipating an uptick in the amount of ethanol barrels in inventories reported by the EIA in its weekly petroleum report tomorrow. Surveyed analysts expect stocks to land between 24.4 million barrels and 24.8 million barrels, versus 24.45 million barrels reported last week. A majority of analysts said that they expected stocks on the higher-end of forecasts. Most-active CBOT corn is down 0.4% in afternoon trading, to $4.14 a bushel. Crude oil is down 5.9% to around $76 a barrel. (kirk.maltais@wsj.com)
1304 ET - Approximately half of the 20 million circulating bitcoin is unprofitable, says Cex.io in a note. Even with bitcoin stabilizing around the low-$60k area, roughly 10 million bitcoin market-wide is still worth less than when it was originally minted or purchased. "The underlying picture has not healed and half of Bitcoin supply is still sitting at losses," says the firm, adding that even with this in mind, bitcoin may not have found its lowest price levels. The amount of bitcoin with unrealized losses echoes conditions seen in 2018 and 2022, both major bear markets, Cex.io says. But the firm also notes that the outflow of money from bitcoin ETFs has slowed down significantly. Bitcoin is down 1.1% to $65,724. (kirk.maltais@wsj.com)
1228 ET - Eli Lilly acquired 4E Therapeutics, an Austin-based neuroscience company, 4E says. The company is developing treatments for chronic pain, working on compounds aimed at offering meaningful pain relief while avoiding the central nervous system effects that come with many existing therapeutics, it says. "Lilly's clinical development, translational, and global commercial capacity -- and its deep commitment to tackling the challenges of chronic pain for patients -- make it the right home for realizing the full potential of this work for patients," 4E's co-founder Joe Price says. The companies did not disclose the terms of the deal. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
June 16, 2026 19:44 ET (23:44 GMT)
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