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

0835 ET - Intel announces a $15 billion underwritten public offering of common stock. The chipmaker says it intends to use the net proceeds from the offering for general corporate purposes, which may include, but are not limited to, capital expenditures and working capital. The offering comes after Intel last month raised its forecast for capital expenditures for this year to more than $20 billion, up from $18 billion previously, and said next year's capex will be "significantly above" this year's level. The AI revolution has begun to benefit Intel because AI agents rely on CPUs that are the company's specialty. Intel says customers continue to signal a strong and sustainable demand environment, and that the offering is intended to further enable Intel to pursue the growth opportunities ahead. (connor.hart@wsj.com)

0817 ET - Barrick's settlement with Newmont may be a potential drawback for Barrick shareholders, according to Citi analyst Alexander Hacking in a report. The $1.95 billion deal resolves the Nevada Gold Mines joint venture disputes between the two miners, and clears the path for Barrick's North American IPO of its gold assets, Hacking says. However, the payment to fold in Fourmile "may be below what some investors were expecting," he says. "Investor consensus seemed to be that Fourmile was a $10-20bn asset and thus a vend in payment from NEM for their 38.5% could be in the $4-8bn range," according to Hacking.(adriano.marchese@wsj.com)

0745 ET - European natural-gas prices climb more than 5% as uncertainties surrounding the reopening of the Strait of Hormuz raise concerns about supplies ahead of winter. "Europe is well behind in refilling its storage facilities before the heating season, with levels sitting at 58% compared with normal seasonal levels of 70%," ANZ analysts say. "However, even if the strait reopens, shipping companies will require a sustained period of calm before making the journey through the key waterway." In afternoon trading, the benchmark Dutch TTF contract is up 5.7% to 58.80 euros a megawatt-hour. (giulia.petroni@wsj.com)

0735 ET - Plus500's focus on sustaining medium-term growth is one of the reasons the London-listed company is attractive, Bank of America analysts say. The online-trading platform says in its half-year results that it has used excess revenue from recent volatility to invest for growth, a move BofA says it supports. Revenue quality at Plus500 is healthy, while high cash conversion supports further distributions, the analysts add. Plus500 is undergoing a shift toward higher quality revenue, both in its legacy over-the-counter derivatives business and through diversification. The company's expansion into prediction markets also offers a significant growth opportunity, BofA says. Shares are up 6.1% in London. (michael.hennessey@wsj.com)

0720 ET - U.K. assets could record improved performance this week due to a light data calendar and a slowdown in government policy announcements, Ebury's Enrique Diaz-Alvarez says in a note. "Markets are taking their cue from the modestly positive tone in economic data out of the U.K." The GDP estimate for the second quarter, due to be released on Thursday, could show a slower pace of economic growth compared to the first quarter, he says. "This is not the best basis for future growth, but markets deem it good enough for the time being." Ten-year gilt yields rise 2 basis points to 4.940%, Tradeweb data show. Sterling gains 0.07% to $1.3498. (miriam.mukuru@wsj.com)

0647 ET - St. James's Place remains significantly undervalued, with concerns about adviser attrition overdone, Bank of America's Christiane Holstein says. The current valuation for the U.K. wealth-management company fails to reflect a coming inflection point in its performance, with an expected EPS compound annual growth rate of 23% from 2026 through 2030, Holstein writes. This is due to funds under management rolling out of gestation and becoming fee earning, as well as organic net inflows and operational efficiencies, BofA says. Concerns about adviser retention are overplayed, the analyst adds, noting that its 90% retention rate in the first half of 2026 is in line with peers and historical data. Despite U.K. macroeconomic and political uncertainty, there is strong underlying demand for financial advice, according to BofA. Shares are up 0.2%. (michael.hennessey@wsj.com)

0629 ET - Uncertainties are likely to weigh on Flutter Entertainment's shares in the near term, Berenberg analysts Jack Cummings and Luka Trnovsek write in a note. The online sports betting and gaming company's U.S. segment struggles with a slowdown in revenue, which the company is trying to reverse through investments, leading to downgrades, they say. Meanwhile, U.K. tax changes and a disappointing Brazilian performance are weighing on its international unit. Although the company is undergoing a CEO change for the first time in a decade, issues persist, they note. "The loss of the architect of today's Flutter at such a turbulent time does pose questions about the near-term outlook," they add. Shares are up 0.3% at $95 premarket. (najat.kantouar@wsj.com)

0614 ET - Palm oil rose during the Asian trading session. Sentiment was likely supported by strength in overnight rival oil prices, amid concerns over Iran rejecting talks with the U.S., making a deal to reopen the Strait of Hormuz elusive, Kenanga Futures writes. There is also improving demand prospects from India ahead of the festive season, it adds. The Bursa Malaysia Derivatives contract for October delivery rose 47 ringgit to 4,724 ringgit a ton. (kimberley.kao@wsj.com)

0601 ET - European chemical companies remain wary on volumes as the geopolitical environment remains uncertain, Bank of America analysts say in a research note. The sector saw upgrades across European chemicals like Evonik, BASF and Syensqo, with most results ahead of consensus estimates, the analysts say. The results were supported by strong pricing pressure driven by higher commodity prices from the Middle East conflict, they add. Higher prices also meant some level of pre-buying in the quarter, while improved earnings didn't translate to stronger free cash flow, given the negative working capital impact from higher raw material prices, the analysts say. Evonik and BASF shares trade 0.8% and 0.5% lower, respectively, while Syensqo trades broadly flat. (nina.kienle@wsj.com)

0553 ET - Vistry is likely to experience pressure on cash flow after a Financial Times report suggested credit insurer Allianz Trade will reduce the cover extended to its suppliers, AJ Bell analyst Russ Mould says. Although Allianz isn't the only insurer in the market, suppliers who can't get cover might demand to be paid upfront, which could put further pressure on the home builder's cash flow, Mould says. Vistry says the supply chain continues to be substantially covered by credit insurance and that it isn't aware of any supplier withdrawing its trade. "Investors are concerned and this will only ramp up the pressure on the company to pay down debt as it looks to weather a tricky period for the property market," Mould says. Shares are down 7.5% at 262.40 pence. (anthony.orunagoriainoff@dowjones.com)

0518 ET - The Democratic Republic of Congo's ban on copper and cobalt concentrate exports is expected to have limited impact on global copper markets, Goldman Sachs analysts say, calling it an administrative extension of the country's long-standing push to process minerals domestically rather than a new supply shock. "We estimate the remaining affected flow to be modest relative to the global market, or 0.3% of global mine supply, while the Mines Ministry retains discretion to grant waivers," they say. Copper futures trade above $14,000 a metric ton, supported by concerns over potential U.S. import tariffs and tightening inventories outside the country. (giulia.petroni@wsj.com)

0506 ET - Adnoc Gas' net income for the second quarter came in 5% ahead of a company-compiled consensus due to better-than-expected pricing in its domestic gas business, JPMorgan analyst Alex Comer writes. The unit posted adjusted Ebitda of $687 million and was 25% ahead of what JPM had expected, he writes. Overall, earnings at the U.A.E. producer of natural gas tumbled after shipping through the vital Strait of Hormuz slowed to a trickle.