Shipping giant Maersk dominated the macro landscape this hour, beating profit estimates and raising full-year guidance based on strong quarterly results and a projection of 4% global container market growth by 2026, a sentiment shared by a recovering Hapag-Lloyd. Markets elsewhere reflected a mixed bag of sentiment; while the ASX posted its best performance in six years and the Nikkei 225 closed 1.24% higher, the FTSE 100 struggled amid cooling UK GDP and rising geopolitical tensions in the Strait of Hormuz. The mining sector also faced headwinds, as Antofagasta cut its annual production guidance following severe weather-related mine closures in Chile, contributing to the broader commodity volatility that saw gold signals flagging a potential bearish reversal and copper testing support levels. In the corporate sector, a notable contrast emerged in the handling of tariff refunds: Nike secured nearly $1 billion, whereas FedEx committed to passing $800 million back to its customers. Technology and semiconductor sectors remain a primary focus, with Cantor Fitzgerald highlighting memory stocks amidst a recovery rally, even as cautionary notes emerged regarding Nvidia’s financing strategy. Meanwhile, significant geopolitical strains continued to escalate, with reports highlighting the detention of hundreds of Palestinian minors in Israel, accusations of stalled prisoner swaps between Ukraine and Russia, and an intensifying European migration rift between Spain and Italy following the recent crisis in Ceuta.