market news

energy, macro and geopolitical news for traders, with market context and links to the original sources.

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macro

U.S. Banks Enter Earnings Season With Investors Raising the Bar

U.S. banks begin third-quarter reporting with solid fundamentals, but investors want proof that loan growth, margins and profitable earnings can last into 2027.

KBW Nasdaq Bank IndexJPMorgan ChaseWells FargoGoldman SachsCitigroupBank of America
macro

Evercore Keeps Outperform Ratings on Three Companies

Evercore ISI Group kept Outperform ratings on Phillips 66, Group 1 Auto and Vertiv Holdings. Phillips 66’s target rose to $250 from $220.

Phillips 66PSXGroup 1 AutomotiveGPIVertiv HoldingsVRT
macro

Governments Increasingly Rely on Yield-Seeking Bond Investors

Governments are relying more on selective private bond buyers, increasing sensitivity to financing costs and adding turbulence to fixed-income markets.

Government bondsGlobal bond marketsHedge fundsInsurersAsset managers
energy

Evercore Keeps In-Line Ratings on Three Refiners

Evercore ISI Group kept Valero, Marathon Petroleum and HF Sinclair at In-Line, while lifting Valero’s price target to $385 from $325 per share.

Valero Energy (VLO)Marathon Petroleum (MPC)HF Sinclair (DINO)
macro

S&P 500 extends its sixth-longest stretch without a fresh low

The S&P 500 has spent more than 1,000 sessions above its prior 52-week low, marking the sixth-longest run as a four-year advance persists.

S&P 500ModernaSandiskDell TechnologiesMicron TechnologyAdvanced Micro Devices
energy

Northwest European gasoline margins climb to $48.84 a barrel

Northwest European gasoline refining margins added $1.50 to $48.84 a barrel. Trading, Russian fuel policy and Gulf of Mexico outages also shaped the report.

Northwest European gasolineBrent futuresRBOBNaphthaE5 gasolineE10 gasoline
macro

Piper Sandler Cuts SL Green Realty Target to $64

Piper Sandler kept SL Green Realty at Overweight but reduced its share-price target from $79 to $64, according to Newsmetry API citing Benzinga.

SLGSL Green Realty