Commerzbank Says Teaming Up With UniCredit Could Be Positive | Daybreak Europe 8/6/2026

Summary

The episode covers Commerzbank's earnings and openness to a UniCredit collaboration, Siemens raising its outlook on data center demand, and weak guidance from US memory makers weighing on Asian chip stocks. An Iran-Oman shipping route deal eases oil supply concerns, boosting gold. Other topics include SpaceX's major lockup expiry, a SoftBank earnings preview, and Fed rate hike signals.

• Commerzbank reports strong Q2 earnings, a €1.2B buyback, and signals that working jointly with UniCredit could create investor value.
• Siemens lifts its full-year earnings guidance for the second time this year, citing surging data center spending and strong software returns.
• Disappointing guidance from SanDisk and Western Digital triggers a sharp selloff in Korean memory stocks Samsung and SK Hynix.
• Iran finalizes an agreement with Oman on a Strait of Hormuz shipping route, easing oil supply concerns and pushing Brent below $80.
• Gold rallies above $4,300/oz as reduced oil supply risk lowers inflation fears and the perceived need for further rate hikes.
• SpaceX faces potential selling pressure as a lockup on 911 million shares expires, more than doubling the available float.
• SoftBank’s upcoming quarterly earnings will test whether its heavy AI investments are paying off amid high market volatility.
• Fed officials Neel Kashkari and Lisa Cook signal they are prepared to raise rates if inflation does not show sustained disinflation.