American multination brokerage and financial services firm
Global stocks have rallied this month after officials reported progress in talks to reopen the Strait of Hormuz, and a string of strong corporate earnings has bolstered investor sentiment. Treasuries and oil prices have fallen as traders pare back expectations for near-term Fed hikes; strategists warn valuations and one-off earnings boosts limit further upside.
Adnams reports a first-half loss of £1.42m on revenue of £27.4m, down from £30.1m, due to asset disposals. July sales improve with warm weather and World Cup, while the firm asks shareholders to stay confident in its path to a stronger second half.
The 10-year Treasury yield has hovered around 4.96%, approaching the key 5% level. Analysts say a move above 5% could stem from resilient growth or emerging inflation risks, with implications for stocks, mortgages, and corporate debt. Market dynamics include supply-demand imbalances and potential pressure from fiscal deficits and oil prices.