The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) is down nearly 1% this month and is set for a third straight monthly decline. Over the same period, the S&P 500 has fallen more than 2% from its early-June high. Persistent inflation worries tied to the ongoing U.S.-Iran conflict have pushed the 2-year Treasury yield above 4.3% and lifted the implied probability of a Federal Reserve rate hike this week to 34%, according to CME FedWatch. The combination of technical and macro pressure is amplifying the risk of losses across both stocks and bonds.

China imposed an export ban on dual-use materials such as rare earths and permanent magnets to Japan from January 2026, and expanded the measures in June by blacklisting or watchlisting 80 Japanese companies. The controls have effectively disrupted Japan’s critical-minerals supply chain, with shipments stalling under the new rules, according to estimates by the Daiwa Institute. Daiwa’s analysis indicates a year-long disruption could cut Japan’s real GDP by 1.3%, or about 7 trillion yen. The episode underscores that while Japan diversified upstream supplies, it remains heavily dependent on China for midstream separation and magnet production.

Tata Chemicals reported a consolidated net loss of Rs 17 crore for the first quarter ended June 30, 2026, versus a profit of Rs 252 crore a year earlier. Revenue rose 14.4% to Rs 4,255 crore, while EBITDA fell 14.5% to Rs 555 crore and the EBITDA margin narrowed to 13% from 17.5%. The company attributed the pressure mainly to weaker soda ash realisations at overseas subsidiaries, particularly U.S. exports to Southeast Asia.

SPCXb’s “stock-paired pool” has gone live on BNB Chain, introducing the bStocks mechanism that combines real-world assets (RWA) with meme tokens. The design supports four programmable distribution features: creator rewards, stock dividends, buyback and burn, and LP auto-add. The product is natively deployed within the BNB Chain ecosystem and is positioned as a new on-chain financialization path that offers RWA-linked tokens multiple potential sources of value.

Hungary has issued a draft for its first wind-only grid connection capacity tender, with a minimum size of 1000MW and an application window running from 1–18 September 2026. The policy sets a 4GW target for new wind installations over 2026–2030 and introduces strict delivery timelines, including a 24-month deadline to connect, alongside financial security requirements. The tender is positioned as a concrete step in the EU’s eastern member states’ energy transition and is expected to act as a clear policy catalyst for energy infrastructure and equipment suppliers able to execute projects in Central and Eastern Europe, although it does not name any listed companies.

The U.S. Food and Drug Administration said Capricor Therapeutics’ stem cell treatment for Duchenne muscular dystrophy, deramiocel, did not meet the objectives of its Phase 3 trial. That contrasts with Capricor’s December statement that the therapy met both the primary and secondary endpoints in a large randomized study. The drug had been aimed at teenagers and young men who have already lost the ability to walk, a group with limited treatment options.

Serica Energy has agreed a recommended all-cash offer for Pharos Energy at 32.6683 pence per share, valuing Pharos at about £145.7mn on a fully diluted basis. The price comprises 28.6683 pence in cash plus a 4.0 pence special dividend to be paid from Pharos’ existing cash resources. The transaction is subject to regulatory approvals in Vietnam and Egypt and is expected to complete in the first half of 2027. Pharos holds working interests in oil and gas assets in Vietnam and Egypt.

lululemon athletica (LULU) is set to report fiscal 2026 Q2 results after lowering its outlook. The company now expects Q2 EPS of $1.76–1.81, below the analyst consensus estimate, and forecasts a 410-basis-point decline in Q2 gross margin. It also cut its full-year revenue view from 2%–4% growth to flat to down 1% and reported a 4% year-over-year drop in U.S. Q1 revenue. Shares fell 8.6% in the session after the Q1 report.