Shares of banks and other financial institutions were more or less flat as traders weighed the likelihood of an eleventh hour postponement of military escalation in Iran.
Shares of private-credit firms were mixed, as one investment giant saw strong demand for its latest fund in the troubled niche. Blackstone closed the $10 billion opportunistic credit fund, in a launch the firm said was oversubscribed.
Commerzbank said it did not see a basis for a deal with Italy's UniCredit after recent interactions between the two banks, the German lender's latest rejection of UniCredit's acquisition overtures.
Cryptocurrency influencer and entrepreneur Anthony Pompliano's company ProCap Financial plans to produce AI-generated stock-research reports for individual investors.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
04-07-26 1729ET
