The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.

0900 GMT - Shares of European semiconductor companies are paring gains after President Trump said he believed his ceasefire deal with Iran was over following a round of attacks on ships in the Strait of Hormuz. Shares of Dutch semiconductor-equipment maker ASML Holding were up 1.6% earlier in the session, but are now up just 0.4%. Those of smaller rival ASM International were up 0.1%, but are now down 1.2%. Shares of BE Semiconductor Industries, the Dutch supplier of semiconductor assembly equipment, were up 0.9% and are now flat. STMicroelectronics shares were 1.9% higher earlier and are now up 0.5%. (mauro.orru@wsj.com)

0859 GMT - Bitcoin extends its losses after President Trump said the ceasefire with Iran is over following renewed attacks between the two sides. Speaking at the Nato summit in Ankara, he said as far as he was concerned "it's over" and it was a waste of time dealing with Iran. Trump's comments add pressure on bitcoin which was already weaker after the U.S. struck sites along Iran's coast and blocked its ability to sell oil legally on Tuesday while Iran responded with counterattacks. Bitcoin falls 2.5% to an intraday low of $61,836, according to LSEG.(renae.dyer@wsj.com)

0856 GMT - Unite Group's rental growth downgrade to 1% to 2% from 2% to 3% previously will likely be treated with caution by the market, Third Bridge analyst Alex Wong says in a note. The student-accommodation developer looks to be bolstering performance by prioritizing occupancy over rents, Wong says. This, and the strength of its portfolio, should allow it to hit the top end of guidance of 94% to 96%, in line with management's commentary, he says. "The wider market is likely to continue facing headwinds, with higher live-at-home rates among students and falling demand for lower-tier universities as the cost-benefit of a degree comes into question," Wong says. Shares are down 3.1% at 503.50 pence. (anthony.orunagoriainoff@dowjones.com)

0851 GMT - China's data center buildout targeting government and state-enterprise AI workloads may reduce the demand for Alibaba's public-sector computing systems, Morningstar analyst Chelsey Tam says. She lowers her forecasts for Alibaba's cloud revenue by 10% annually from fiscal 2030, when the buildout is expected to be complete. Tam also says U.S. legislative threats against the company should pose limited impact given Alibaba's minimal U.S. presence. Morningstar cuts its fair value estimate for Alibaba's ADRs by 7% to $241 but says the valuation remains cheap, adding that concerns over delivery losses and rising AI computing costs are overdone. (jason.chau@wsj.com)

0849 GMT - Spain's IBEX 35 falls sharply after President Trump said he believed the U.S.-Iran ceasefire was over, and that he wants no more trade with the country. The index slides 2.2%. "We don't want to do any trade business with Spain anymore," Trump told a press conference in Ankara, Turkey. "I don't want anything to do with Spain. Cut off all trade with Spain, please." Madrid-listed banks slide sharply, with Banco Santander and BBVA losing 4.2% and 2.9%, respectively. Construction group Acerinox--which has significant operations in the U.S--falls 4.6%. Losses in the index are slightly tempered by a 4.7% rise for oil major Repsol, which benefits from a spike in oil following Trump's comments on the ceasefire. (josephmichael.stonor@wsj.com)

0847 GMT - Maersk shares rise after President Trump said at the NATO summit in Ankara that as far as he was concerned the ceasefire in Iran was over. Container operators like Maersk have benefited from diverting their ships to avoid the Middle East conflict as it has cut shipping capacity, lifting freight rates. The Danish shipping group lifted earnings guidance last week after it noted continued strong demand and a sustained increase in rates. Maersk shares were as much as 4.3% higher following Trump's comments. Shares in German peer Hapag-Lloyd trade 1.5% higher. (dominic.chopping@wsj.com)

0847 GMT - Elon Musk's Space Exploration Technologies offers a business model that allows it to tap opportunities across space, connectivity and artificial intelligence, UBS analysts write in a note to clients. They initiate coverage of the stock with a buy rating and a $210 price target. "We view SpaceX as an unparalleled set of assets with multiple drivers of upside for risk tolerant, long term investors," they say. Scaling its Starship launch vehicle will allow SpaceX to unlock opportunities in space, communications and AI with a total addressable market nearing $30 trillion, the analysts say. SpaceX shares are up 1% premarket at $151.02. (mauro.orru@wsj.com)

0840 GMT - Jet2's announcement of the 250 million-pound share buyback came in well above expectations, RBC Capital Markets analyst Ruairi Cullinane says in a research note. The share buyback is expected to be welcomed by investors and support earnings per share upgrades, Cullinane says. Meanwhile, the analyst is also encouraged by stronger summer booking momentum, helped by targeted pricing and easing geopolitical concerns. While no profit guidance was issued for fiscal 2027, the analyst remains positive on Jet2's outlook, citing its integrated business model, strong returns, healthy balance sheet and attractive valuation. Shares remain undervalued relative to European airline peers despite solid long-term growth prospects, he adds. Shares of the London-listed airline trade 9.7% higher at 1,485 pence. (nina.kienle@wsj.com)

0838 GMT - European stocks extend losses in morning trade after President Trump told journalists that the ceasefire with Iran is over, prompting a surge in oil prices. Banks and energy intensive stocks fall across the continent, as the Europe-wide Stoxx 600 falls 1.3%. Germany's industrial-heavy DAX drops 1.9%, with defense giant Rheinmetall losing 5.1% while Deutsche Bank drops 4.3%. The CAC 40 drops 1.8% in Paris. Renault and Societe Generale extend earlier falls, dropping 4.3%. The FTSE 100 is 1.3% lower in London, with defense group Babcock International down 4.3%. Spain's IBEX 35 is the sharpest falling index, losing 1.9% after Trump said that he didn't want any trade with Spain. Italy's FTSE MIB drops 1.25%, while the Dutch AEX drops 0.3%. (josephmichael.stonor@wsj.com)

0836 GMT - Kling, Kuaishou Technology's AI video business, is likely to see more room for growth from its latest fundraising round, while the long-term outlook remains challenging, according to Morningstar's Ivan Su in a research note. "We're encouraged to see outside capital now funding Kling's hefty compute bill, with minority interests absorbing a portion of its losses," Su says. However, the fundraising only covers approximately one year of capital expenditure and remains small compared to the capex of larger competitors like ByteDance and Google, the analyst says. Morningstar maintains its fair value estimate for Kuaishou at HK$90.00. Shares last traded at HK$43.98. (tracy.qu@wsj.com)

0832 GMT - Shares in U.K. housebuilders fall after Vistry said pretax profit would fall as market sentiment and customer confidence were affected by the war in the Middle East. Furthermore, management said it didn't anticipate a significant improvement in second-half open market conditions, or in early 2027. Still the company sees its performance improving in the second half as, among other things, certain first-half delayed deals will conclude and margins from site mix and new sites are expected to improve. Vistry shares are down 9.2%, with Bellway down 4.2% and Taylor Wimpey down 3.5%. (anthony.orunagoriainoff@dowjones.com)

0826 GMT - Shares of European semiconductor companies are bouncing back Wednesday following Tuesday's tech selloff that was triggered by Samsung Electronics. The memory chip maker provided an earnings update that didn't clear a high bar from investors. While Samsung and some other Asian tech stocks closed another day in the red, shares of European semiconductor companies are in positive territory. Shares of Dutch semiconductor-equipment maker ASML Holding and smaller rival ASM International are up 1.6% and 0.1%, respectively. Shares of BE Semiconductor Industries, the Dutch supplier of semiconductor assembly equipment, are up 0.9%. STMicroelectronics shares are 1.9% higher. (mauro.orru@wsj.com)

(END) Dow Jones Newswires

July 08, 2026 05:00 ET (09:00 GMT)

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