SK Hynix Slumps as Profit Misses; US Intercepts Iran Attack on Bases | Daybreak Europe 7/29/2026

Watch on YouTube ↗  |  July 29, 2026 at 07:23  |  41:59  |  Bloomberg Markets
Speakers
Ven Ram — Markets Live Reporter/Strategist, Bloomberg
Raja Akram — Head of Crypto, Luno
Bill Winters — CEO, Standard Chartered
Rio Tinto — CEO, Rio Tinto
Neil Campling — Tech/TMT Analyst
Unnamed Analyst — Political Commentator
Lizzy — Anchor, Bloomberg

Summary

SK Hynix shares slumped after quarterly profit missed lofty estimates despite a sixfold surge, dragging the KOSPI to record monthly losses and triggering circuit breakers. Oil jumped 3.9% after the US intercepted an Iranian attack on American bases and struck Iran-backed militants in Iraq. European banks Deutsche Bank, Standard Chartered and UBS all beat earnings and announced share buybacks. The Fed decision looms with markets pricing a one-in-three chance of a surprise rate hike, while big-tech earnings from Microsoft and Meta will test the AI capex narrative.

  • SK Hynix profit miss and $31B capex plan stoke AI overinvestment fears, sending KOSPI down 8% and halting trading.
  • Brent crude surges to $87 on renewed US-Iran military tensions, including a US-intercepted attack on bases.
  • Deutsche Bank, UBS and Standard Chartered beat Q2 expectations and announced fresh buyback programs.
  • Rio Tinto CEO highlights strong iron ore demand and benefits from data-centre buildout for copper, aluminium and lithium.
  • Markets assign a 30% probability of a surprise Fed rate hike today, which Ven Ram warns could trigger a 3% equity selloff.
  • Ahead of Microsoft and Meta earnings, concerns mount that heavy AI capex could hurt free cash flow.
  • Standard Chartered CEO Bill Winters calls his bank a growth stock and sees the P/E multiple as too low.
  • Deutsche Bank CFO Raja Akram sees the second half as potentially stronger than the first, with a full pipeline.
Ideas
Ven Ram Markets Live Reporter/Strategist, Bloomberg 13:52
Surprise Fed hike could crash stocks 3%
The Fed has a non-minimal chance of a surprise rate hike today. In the June dot plot eight members already thought rates should be higher, and Chair Kevin Warsh is hawkish. A surprise hike would rattle bond markets, send yields higher, and cause US equities to sell off about 3% on the day because the higher discount rate reduces prospective earnings valuations.
SPY MED
Rio Tinto CEO, Rio Tinto 17:40
Data centre and steel demand boost metals
Iron ore markets are strong, supported by export-related steel demand which has replaced slowing construction demand. Pricing outcomes are robust. Copper, aluminium and lithium are set to benefit from massive data-centre buildouts: hyperscaler spending is expected to reach $1 trillion next year, translating into huge materials demand. Rio Tinto is ramping up copper capacity to 500,000 tonnes and has a strong growth pipeline.
RIO MED
Raja Akram Head of Crypto, Luno 23:58
Record results and buyback signal upside
Deutsche Bank posted a record second quarter and first half, beating estimates across investment banking, asset management and corporate banking. Momentum continued into July, the pipeline looks full, giving optimism that the second half could be as strong as the first. The revenue target of ~€33 billion is comfortable, potentially better. A new €500 million buyback and faster shareholder returns underline confidence.
DB HIGH
Bill Winters CEO, Standard Chartered 28:38
Growth momentum and buyback justify rerating
Standard Chartered delivered good second-quarter and first-half earnings, with double-digit growth in wealth, banking and financial markets. The bank has strong downside protection with no observable credit losses and strong upside momentum. A $1 billion buyback is announced, capital remains strong, and over $2 billion in cash is invested annually for growth. The stock trades at a low P/E around 9.5x with high compound growth, so it should probably trade at a higher multiple.
STAN HIGH
Neil Campling Tech/TMT Analyst 38:45
Meta free cash flow may turn negative
Meta needs to spend heavily to build a new AI-related revenue stream, and forecasts indicate that its free cash flow could turn negative going forward. This raises a major risk for investors, as the required capex may not be offset by sufficient sales growth, calling into question the sustainability of returns from AI spending.
META MED
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This Bloomberg Markets video, published July 29, 2026, features Ven Ram, Rio Tinto, Raja Akram, Bill Winters, Neil Campling discussing SPY, RIO, DB, STAN, META. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Ven Ram, Rio Tinto, Raja Akram, Bill Winters, Neil Campling  · Tickers: SPY, RIO, DB, STAN, META