July 20, 2026

The momentum trade carried along by the equity rally is faltering, while optimistic earnings expectations are under intense scrutiny, two of the signs pointing to a volatile summer.

Prologis Inc. has increased its outline bid to buy Segro Plc to £13.5 billion ($18.2 billion) and offered a series of sweeteners as it seeks to tempt shareholders after the UK landlord’s board rejected the latest terms.

China’s shipments of rare-earth magnets to the US remain well below pre-trade war levels despite last year’s truce, underscoring concerns in the Trump administration about Beijing’s adherence to that agreement.

MOPO, an Africa-focused battery rental company backed by Octopus Energy Group Ltd., said it’s signed an agreement with Nigeria to facilitate a $75 million expansion of its activities in Africa’s most populous nation.

Shares of most Chinese solar and major battery makers rose on Monday after Beijing unveiled a consumption tax on solar cells and lithium batteries, raising hopes it will hasten industry consolidation, particularly in the oversupplied solar sector.

Emerging-market stocks and currencies were mixed as investors weighed rising tensions between the US and Iran, as well as a technology-led selloff that rattled global markets last week.

Palm oil rose to the highest in nearly a month, tracking renewed strength in crude and other vegetable oil prices as the US and Iran exchanged escalating military strikes.