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BP shares up 3% as Middle East tensions drive oil prices higher—July 9
BP shares jumped 3% on July 9 as Middle East tensions boosted oil prices. Analysts forecast 27% upside to 622.3p over 12 months, with a £9,999 investment potentially reaching £13,397 including dividends.
Oil Prices Rise Above $75 After US-Iran Conflict Escalates
Oil prices climbed sharply this week after renewed US-Iran hostilities shattered a fragile ceasefire. Brent crude reached $77.40 a barrel on July 9, 2026, up from $72.55 just two days earlier. WTI crude traded near $74.20 a barrel, extending Wednesday’s surge past 5%. The US struck more than 80 Iranian targets after attacks on three…
FTSE 100 Plunges 1.7% on July 8 as Trump Ends Iran Deal
FTSE 100 fell 1.7% to 10,489 points on July 8 after Trump ended Iran ceasefire talks. Oil jumped 5.4%, energy stocks rose, but miners and financials fell amid geopolitical uncertainty.
Alibaba (9988.HK) Surges 12% on Cloud Revenue Growth Forecast—July 9
Alibaba (9988.HK) surged 12.2% to HK$107.5 on July 8 after reports of 45% Alibaba Cloud revenue growth forecast and improved Taobao Flash Sale efficiency, lifting the Hang Seng Tech Index 5%.
Kalyan Jewellers Stock Bounces 5% on Citi Buy Rating Despite Q1 Miss
Kalyan Jewellers stock rebounds 5% to ₹374 on Citi’s Buy rating and ₹750 price target, signaling 111% upside despite Q1 revenue missing forecasts. Meyka grades the stock B+.
Rheinmetall and Lockheed Martin to Build ATACMS Missiles in Germany
Rheinmetall and Lockheed Martin plan to manufacture ATACMS missiles at a new facility in Unterlüss, Germany. The deal, signed at NATO’s Ankara summit, represents the first European production of these tactical weapons.
Bank of Kochi Falls 2.5% as Zentoshin Bankruptcy Exposes ¥1.2B Loan Loss—July 9
Zentoshin bankruptcy with ¥115.2 billion debt hits 200,000 merchants and regional banks. Bank of Kochi discloses ¥1.2 billion loan exposure. Restaurants lose credit card processing, face cash-only crisis.
Bitcoin Falls 3% to $61,480 as Trump Declares Iran Ceasefire ‘Over’
Bitcoin dropped more than 3% to $61,480 on July 8 after Trump declared the Iran ceasefire ended and threatened new strikes, rattling crypto and stock markets amid renewed geopolitical tension.
KOSPI Enters Bear Market on July 8 as Samsung Tumbles 20%
KOSPI enters bear market after 20% fall from peak. Samsung drops 4% despite 19-fold profit surge. AI spending fears and Middle East tensions weigh on South Korean stocks.