Market wrap: Novartis, ECB, and oil prices highlight key moves

Novartis AG (NOVN.SW) reported Q2 FY2026 earnings that beat estimates, with EPS and revenue exceeding expectations.

The European Central Bank kept interest rates unchanged, citing inflation concerns and energy price pressures.

BitMEX announced it will shut down operations by September 23, with users’ assets remaining safe and under their control.

Oil prices approached $100 as Houthi attacks on Saudi tankers in the Red Sea raise supply concerns amid regional tensions.

RTX shares rose after beating earnings estimates, but face risks from potential Iran war tensions.

Cooler inflation data is easing pressure for a Fed rate hike, but the central bank’s next move remains unclear due to limited guidance from Chairman Kevin Warsh.

Saylor’s Strategy has joined a $15 million Bitcoin Security Consortium to strengthen the network’s long-term security through research and public education.

Lockheed Martin‘s stock surged after the defense contractor exceeded earnings and revenue expectations in Q2.

Zelenskyy warned of potential escalation in Black Sea attacks as the EU announces a major new sanctions package against Russia.

Oil prices hit $100 for the first time since May as Middle East tensions and Houthi attacks on Saudi tankers drive up demand for energy security.

Honeywell International raised its full-year outlook after stronger-than-expected Q2 results, driven by order strength and margin expansion.

U.S. jobless claims fell to 187,000 for the week ending July 18, the lowest level in decades, according to the Labor Department.

Oil prices surged above $100 a barrel as Middle East tensions escalated, overshadowing otherwise strong Q2 earnings reports.

Dow‘s Q2 earnings beat estimates as higher pricing and self-help actions drove a sharp profit rebound and 19.7% sales growth.

OPEC+ is expected to raise oil output targets again in September, according to sources, despite ongoing U.S.-Iran tensions.

Japan is preparing to approve its first spot Bitcoin ETF by 2028, according to recent reports, marking a significant regulatory shift.

The Federal Reserve is expected to signal a new tightening cycle, with a likely first hike in September and up to three hikes by June 2027.

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