Global Equities Roundup: Market Talk

The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.

2031 ET - CAR Group remains UBS analysts' pick of Australian online classifieds stocks, with the investment bank seeing signs of increased consumer interest in vehicle shopping. The analysts acknowledge a 21% on-year drop in private vehicle inventory for the six months through June, but point to a proprietary UBS survey that shows a rise in the number of consumers looking to buy a car over the next three months. At the same time, they say U.S. recreational-vehicle inventories are still trending upwards from cyclical lows of the past two fiscal years. They see this lowering risks around their forecast of flat dealer growth into fiscal 2027. UBS trims its target price by 3% to 32.80 Australian dollars and keeps a buy rating on the stock, which is up 2.8% at A$24.58. (stuart.condie@wsj.com)

2023 ET - Pinnacle Investment Management's bull at Canaccord Genuity reckons the Australian company's position at the start of its FY 2027 is among the strongest they have seen in their time covering the stock. Analyst Cameron Halkett recommends that investors look past the short-term cost impacts of Pinnacle's acquisition of Pacific Asset Management, and instead focus on underlying net profit to gauge performance. He thinks that some followers of the stock may struggle to reconcile actual performance with expectations given the acquisition's costs and revenue contributions. However, some explanation should be forthcoming from the ASX-listed investment manager, he says. Canaccord keeps a buy rating on the stock and a target price of 24.53 Australian dollars. Shares are up 0.6% at A$15.80. (stuart.condie@wsj.com)

2015 ET - Japanese stocks are higher as fears about a further escalation of the Iran conflict ease for now. Airline and auto stocks are leading gains. Japan Airlines is up 4.2% and carmaker Subaru Corp. is 2.8% higher. The dollar is at 163.56 yen, down from Y163.78 as of Friday's Tokyo stock market close. Investors are closely watching crude oil prices after President Trump has put off a major escalation of his military campaign against Iran. The Nikkei Stock Average is up 0.4% at 64859.12. (kosaku.narioka@wsj.com; @kosakunarioka)

1941 ET - Japanese stocks may rise as fears about an escalation in the Iran conflict ease for now. Nikkei futures are up 1.2% at 65460 on the SGX. The dollar is at 163.68 yen, compared with Y163.78 as of Friday's Tokyo stock market close. Investors are focusing on developments in the Middle East and crude oil prices after President Trump pauses a major escalation of his military campaign against Iran. The Nikkei Stock Average fell 2.7% to 64611.15 on Friday. (kosaku.narioka@wsj.com)

1900 ET - Australian stocks look set to rise in early trade, in line with strength in U.S. equity futures. Local stock futures are up by almost 0.6% ahead of Monday's open, suggesting that the S&P/ASX 200 will rally from the 0.75% drop that wrapped up a third straight weekly decline on Friday. Ahead of the open, Capricorn Metals said it was aspiring to produce 500,000 oz of gold annually within the next five years. U.S. equity futures were higher at the weekend as fighting between the U.S. and Iran paused and oil prices fell. U.S. stocks were mixed on Friday. The Dow Jones Industrial Average rose 0.5%, the S&P 500 gained less than 0.1%, and the Nasdaq Composite dropped 0.6%. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 26, 2026 20:32 ET (00:32 GMT)