Market Intelligence US Morning Update

Latest edition · August 7, 2026

Market Intelligence US Morning Update(53)

This morning report details market performance, updates on AI-related credit and power demand, and previews the July Nonfarm Payrolls release. It also highlights recent company-specific rating changes and earnings reviews.

Global markets show mixed sentiment as tech weakness influences Asian indices, while European equities rise on positive earnings and industrial production data. The report emphasizes the ongoing bifurcation in AI-related credit markets and the structural support for power demand from data centers. Key corporate activity includes rating changes for Smiths Group and Harbour Energy, as well as earnings reviews for Uber, DoorDash, and Instacart, alongside an update on new US solar tariffs benefiting First Solar.

Key takeaways from the latest edition

• 1.AI-driven credit markets are seeing increased bifurcation, with AI-related issuers underperforming as investors price in higher debt financing and capex needs.
• 2.The US administration issued an Executive Order imposing minimum import prices on polysilicon derivatives, seen as a net positive for First Solar (FSLR).
• 3.Major focus on today's July Nonfarm Payrolls data to gauge labor market health.

What this series covers

• Market Intelligence: US Morning Update
• Looking Ahead
• Performance of Global Indices
• Rating & Conviction List Changes
• Today's Events
• US Morning Call for August 7, 2026
• Notable Research not on the Morning Call
• Listening in: Webinars, Conferences & Podcasts
• Global Market Intelligence
• Resource Corner
• Disclosure Appendix

Edition archive

• Market Intelligence US Morning Update(53)

  August 7, 2026

• Market Intelligence US Morning Update(1)

  July 22, 2026

• Market Intelligence: US Morning Update

  July 1, 2026

• Market Intelligence: US Morning Update

  June 22, 2026

• Market Intelligence US Morning Update

  June 11, 2026

• Market Intelligence US Morning Update

  May 28, 2026