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

1005 GMT - Palm oil rose in Asia's trading session. The Bursa Malaysia Derivatives contract for November delivery closed 33 ringgit higher at 4,883 ringgit a metric ton. Prices were likely supported by overnight strength in rival edible oils and persistent concerns of El Nino-related hot-and-dry weather conditions expected to affect output, Kenanga Futures wrote in a note. Kenanga pegs resistance for the November futures contract at 4,950 ringgit a ton. (amanda.lee@wsj.com)

0936 GMT - MJ Gleeson faces a challenging trading backdrop but sees adjusted pretax profit for fiscal 2027 in line with views. Peel Hunt analysts Sam Cullen and Clyde Lewis say the home builder will operate from slightly fewer sites as build-cost inflation remains a headwind for the entire industry. Excessive regulatory and tax burdens are also a factor. In light of this, and with no market recovery being assumed, the company is accelerating its partnerships strategy and focusing on the balance sheet. Peel Hunt cuts adjusted pretax profit forecasts by 1.5 million pounds to 18.5 million pounds for FY27. "We remain constructive on the group, and continue to believe it is well-placed to deliver growth when the market allows," Peel Hunt says. Shares are down 0.2% at 246 pence.(anthony.orunagoriainoff@dowjones.com)

0931 GMT - Indonesian state-owned banks face a profitability squeeze as their margins narrow, S&P Global Ratings analysts say in a report. Rapid growth in lower-yielding loans to state-owned-enterprise and recent domestic policy-rate increases are weighing on net interest margins. In 1H, lending by these banks grew much higher rate than the industry average, driven mainly from the banks' participation in state-linked economic programs and increased lending to SOEs. Bank Indonesia has also raised its interest rate by 100 bps this year to manage rupiah volatility amid the Middle East conflict. S&P Global expect the banks' NIMs to decline by 10 bps to 20 bps over the next 12-18 months. (amanda.lee@wsj.com)

0854 GMT - MJ Gleeson's fiscal 2027 guidance is a surprise given the current state of the market and its lower sales rate, RBC Capital Markets analysts Anthony Codling and Oliver Dyson say in a note. The home builder expects to deliver adjusted pretax profit of 18.8 million pounds, in line with market views. "This implies 74% growth year on year, which we believe to be a big ask when current sales rates are 20% lower year on year and the group will be operating on fewer sites," the analysts say. RBC expects delayed land sales to arrive in batches and to provide the main boost to the company's profit growth. Shares are down 0.2% at 246 pence.(anthony.orunagoriainoff@dowjones.com)

0818 GMT - Shares of European semiconductor companies are mixed after a Monday selloff that was triggered by calls for a slowdown in the development of advanced artificial-intelligence models over safety concerns. Such calls weighed on global chip stocks on Monday as investors worried that slower AI development could weigh on semiconductor demand. On Tuesday, shares of Dutch semiconductor-equipment maker ASML Holding and smaller rival ASM International are up 0.4% and 0.3%, respectively. BE Semiconductor Industries, the Dutch supplier of semiconductor assembly equipment, is up 0.4%. German chip maker Infineon Technologies declined 0.6%. STMicroelectronics shares fell 0.7%. (mauro.orru@wsj.com)

0801 GMT - Gold futures are down 0.5% at $4,331.20 a troy ounce in morning European trade. The fall comes as higher energy prices reinforce expectations that the U.S. Federal Reserve will begin raising rates, ANZ analysts say. Higher interest rates weigh on non-yield assets like gold. Tightening oil supplies push Brent crude up 2% to $107.70 a barrel. Expectations of higher inflation mean traders now price in an 86% probability of a hike at next week's meeting, they say.(adam.whittaker@wsj.com)

0751 GMT - European natural gas prices remain well supported, with the Dutch TTF contract trading down 0.3% at 82.265 euros a megawatt-hour. Prices show little prospect of falling further as escalation in the Middle East dents chances of an imminent pickup in LNG flows from the Persian Gulf, ING analysts write. The global LNG market will therefore be tight as the Northern hemisphere enters its heating season and means Europe will struggle to hit the lower end of its storage targets, which aims for at least 75%, ahead of winter, they say. (adam.whittaker@wsj.com)

0748 GMT - European indexes were all in the red at the open, led by financial stocks. The Europe-wide Stoxx 600 index is down 0.55%, led by UBS which is around 4% lower. Germany's DAX, London's FTSE 100 and France's CAC 40 are down 0.6%, 0.7% and 0.8%, respectively. The Stoxx 600 basket of banking stocks is down 1.5%, with Deutsche Bank falling 3.35%, Societe Generale 2.2% lower and UniCredit down 2.4%. "The possibility of monetary tightening ahead and more challenging economic conditions generally...could feed through to customer loan defaults," Interactive Investor's Richard Hunter writes. (ian.walker@wsj.com)

0747 GMT - Samsung SDI's 3Q earnings could get a boost from one-off gains in connection with winding up its battery joint venture with General Motors, says NH Investment & Securities' Ju Min-woo. The South Korean battery maker could receive about 150 billion won in compensation from GM, which exited the JV in August, the analyst says. Samsung SDI has acquired GM's stake to become the sole owner of the JV, which has a battery plant under construction in Indiana. NH expects Samsung SDI's 3Q operating profit to come in at about 260 billion won, well above a market consensus estimate of 107 billion won. NH raises its target price for the stock to 730,000 won from 600,000 won and keeps a buy rating. Shares rose 2.8% to close at 547,000 won. (kwanwoo.jun@wsj.com)

0733 GMT - European oil stocks are mixed at the open despite oil posting gains as traders assess the impact of lost Saudi Arabian volumes after the attack on the country's East-West pipeline. Tightening supplies push Brent crude up 2% to $107.70 a barrel and WTI 2% higher at $103.37 a barrel. Such oil-price gains have tended to push oil stocks higher since the conflict with Iran began. However, only Spain's Repsol records a notable gain, rising 1.5%. Italy's Eni rises 0.4%. Britain's BP falls 0.3% while Shell trades flat. Broader economic sentiment has weakened in recent days following mounting warnings over an AI slowdown and 10-year Treasury yields hitting 5% for the first time since October 2023. (adam.whittaker@wsj.com)

0731 GMT - Medacta should continue to book above-market growth rates but market expectations currently underestimate growth normalization and the investment required to sustain expansion, Deutsche Bank says in a research note. "While Medacta's competitive advantages remain intact, sustaining its historical growth rates will become increasingly challenging as the business scales," Deutsche Bank says. The bank's 2028 organic sales, adjusted Ebitda and EPS estimates lie 3%, 6% and 9% below consensus, respectively. Deutsche Bank initiates the Swiss orthopedics company's stock at hold, with a target of 121 francs. Shares trade 1.9% lower at 113.20 francs. (sarah.sloat@wsj.com)

0730 GMT - Vodafone Group could benefit from several potential positive factors, Citi's Carl Murdock-Smith writes in a note. These include renewed investor enthusiasm following French billionaire Xavier Niel's investment--specifically if he were to increase his stake or seek board representation--as well as the possibility of an upgrade to short-term guidance, he says. "While some investors may be inclined to turn cautious following Vodafone's recent share price rally, we remain neutral rather than turning more defensive," he adds. However, some concerns remain related to the company's German segment, he says. Shares are down 0.3% at 1.30 pounds.