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.

0807 GMT - Delta's and Korean Air's earnings offer a positive read-across for Cathay Pacific's 1H results, HSBC Research analysts write in a note. Premium demand was a standout story for Delta, while Korean Air's 2Q passenger yields grew with the surge in Middle East traffic diversion. These are relevant trends for Cathay, which has a premium-heavy, long-haul network, they say. Strong cargo-growth trends support the expectation of robust cargo contribution in 1H for Cathay, the analysts add. Cathay's 1H results could drive a full-year earnings upgrade, and accelerating fuel pass-through should sustain the earnings momentum in 2H, they say. HSBC retains a buy rating on Cathay with a target price of HK$15.30. Shares are 0.1% lower at HK$13.15. (kimberley.kao@wsj.com)

0544 GMT - Traders should watch for whether diplomacy could bring a solution to the issue of control of the Strait of Hormuz, to determine whether the conflict ends or smolders, Macquarie Group's ​Thierry Wizman says in a note. "So far, of course, that hasn't happened; the recurrence of the kinetic attacks that began last week continued over the weekend," the global foreign-exchange and rates strategist says. The escalation of the fight and the prospect that traffic through the strait will be completely blocked again (from both sides) remain the principal risks to global growth through their effect on supply constraints, reflected in oil prices, he says. (emese.bartha@wsj.com)

0534 GMT - U.S. Treasury yields rise in overnight trading, driven by higher oil prices. The 10-year Treasury yield rose to 4.634%, an almost eight-week high, before retreating to 4.620%, still up 1.2 basis points on the day, according to Tradeweb. The two-year Treasury yield hit an intraday high of 4.294%, the highest since February 2025, before easing back to 4.283%. "Investors still expect the Middle East situation to find a resolution rather than spill back into an all-out conflict," says Navellier & Associates' Louis Navellier in a note. While oil prices are rising as the standoff in the Strait of Hormuz continues, they are still below the war-time peak, he says. Brent oil is up 2% at $84.95 a barrel. (emese.bartha@wsj.com)

0227 GMT - The Singapore dollar consolidates against its U.S. counterpart but may be weighed by rising Middle East tensions. "President Trump has announced that the U.S. will reinstate a blockade of Iranian vessels transiting the Strait of Hormuz, while also demanding a 20% reimbursement fee on all other cargo passing through," DBS Group Research's Chang Wei Liang says in a commentary. "We maintain our view that oil prices will be volatile and structurally elevated," the foreign-exchange and credit strategist says. Oil-sensitive Asian currencies could come under pressure today due to the sharp rise in energy prices, the strategist adds. The U.S. dollar is little changed at 1.2941 Singapore dollars, according to LSEG data. (ronnie.harui@wsj.com)

0118 GMT - JD Logistics' 2H margins could be supported by the recent moderation in oil prices, say Citi analysts Brian Gong and Alicia Yap in a note. Surging fuel costs over the quarter ended June likely dragged on the Chinese logistics service provider's 2Q margins, partially offset by efficiency improvements, they say. The company previously noted that additional fuel-related costs accounted for close to 1% of revenue, the analysts say. Meanwhile, they expect JD Logistics' organic revenue growth to sustain at a mid-single digit percentage thanks to factors such as stronger performance from its JD Retail business. Citi retains its buy rating, citing the stock's undemanding valuation, and a target price of 18.00 Hong Kong dollars. Shares last closed at HK$12.72.(megan.cheah@wsj.com)

1532 GMT - Water levels on the river Rhine have been tracking below levels seen in 2018 and 2022, when shipping faced severe disruption, Deutsche Bank's Marc Schattenberg says in a note. The Kaub water gauge, located in the narrow rocky stretch of the Middle Rhine, was at just 53cm on Monday. That means a typical container vessel can pass only if loaded to less than 20% of capacity, Schattenberg says. Firms face additional charges, generally rising as lower water levels force vessels to carry fewer containers. If the Kaub gauge falls to around 40cm or below, freight shipping is usually suspended, he says. The problem is compounded this year as the right-bank Middle Rhine line--a key freight route--is closed from July to December for refurbishment, Schattenberg notes. (edward.frankl@wsj.com)

1306 GMT - Canadians are venturing into the U.S., but travel to their closest neighbor remains sharply lower in the wake of the Trump administration's threats and tariffs. Preliminary data indicate Canadian-resident return trips to the U.S. totaled about 1.7 million in June, up 3.2% on last year. This marks a third consecutive rise, driven in June by a 5.2% increase in journeys by vehicle that offset a 3.2% drop in travel by air, Statistics Canada says. However, compared with June 2024, Canadian-resident travel to the U.S. is down 28.7%, including a 29.6% fall in trips by automobile and 25% drop by air. Canada the same month did see a strong rise in visits spurred by the FIFA World Cup: teams from 15 overseas countries played in matched in Vancouver and Toronto and air travel from those countries was up 29,500, or 32.5% year-over-year. (robb.stewart@wsj.com; @RobbMStewart)

0953 GMT - No liquefied-natural-gas carriers have transited the Strait of Hormuz since July 11, as security risks around the strategic waterway have intensified following Iranian attacks on commercial vessels, according to Kpler data. The disruption is particularly significant because the strait is the only maritime export route for Qatari LNG cargoes traveling beyond the Middle East Gulf and is also a key route for U.A.E. LNG shipments. LNG traffic had begun to recover in June after the U.S. and Iran signed an interim peace deal. Kpler data showed 40 LNG carrier transits through the strait that month, up from eight in May, four in April and none in March. In midmorning trading, European natural-gas prices rise 3.7% to 50.61 euros a megawatt-hour. (giulia.petroni@wsj.com)

0921 GMT - Oil prices may remain elevated amid growing Middle East tensions, according to GivTrade's Waleed Said. The risk of disruption across the Strait of Hormuz and other critical supply routes is supporting crude prices, the analyst says. "Brent and WTI could climb further if tensions threaten tankers, ports or production, but credible negotiations and stable shipping flows would quickly remove part of the risk premium," he says. Investors will closely watch whether the tentative oil recovery can be sustained, given the risk of renewed disruption in the Middle East. Front-month WTI crude oil futures are 2.1% higher at $72.91 a barrel; front-month Brent crude futures rise 2.2% to $77.65 a barrel. (tracy.qu@wsj.com)

0910 GMT - Fraport's weak first-half traffic results have increased pressure on its earnings outlook, MWB Research analyst Oliver Wojahn says in a research note. The subdued passenger volumes at Frankfurt Airport coincide with the opening of Terminal 3, which raises fixed costs, Wojahn says. Domestic traffic remains constrained by factors including airline disruptions, elevated fuel prices and geopolitical tensions, while international growth has been uneven, the analyst adds. Although management still considers its full-year financial guidance achievable, Wojahn believes the softer outlook for Frankfurt's higher-margin passenger traffic leaves the company's targets increasingly challenging to meet. Shares in the German airport operator trade 2.8% higher at 71.3 euros. (nina.kienle@wsj.com)

0907 GMT - Daimler Truck's second-quarter margin probably benefited from stronger volumes and product mix, Deutsche Bank analyst Nicolai Kempf writes. "We understand that Trucks North America experienced supply chain issues, which hampered higher volumes. However, we expect these to be resolved, allowing for lost volumes to be compensated in Q3." The bank looks for an adjusted EBIT margin of 7.8% at Trucks North America in the quarter. Mercedes-Benz Trucks is expected to benefit from higher volumes, which could be partially offset by higher input costs as well as ramp-up costs of a global parts center. Deutsche Bank expects a strong quarter in terms of cash generation. Shares rise 0.3%. (dominic.chopping@wsj.com)

0841 GMT - European airline stocks fall after oil rallies on renewed military escalation in the Middle East. Deutsche Lufthansa and Air France-KLM trade 2.25% and 2.1% lower, respectively, while International Consolidated Airlines Group trades 1.6% lower and Wizz Air trades 2% lower. Ryanair, Jet2 and TUI trade 1.45%, 1.2%, and 1.4% lower, respectively. EasyJet shares are down 0.2%. "With missiles landing once again across the Middle East there will be worries that the confidence of the traveling public will be dented yet again, just as there were hopes that flight patterns would start to get back to normal," Wealth Club's Susannah Streeter says. (nina.kienle@wsj.com)

(END) Dow Jones Newswires

July 14, 2026 04:20 ET (08:20 GMT)

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