Good morning and welcome to Markets Desk.
European equities are set for a cautious open this Monday as investors position defensively ahead of fresh U.S. sanctions targeting Iran. The geopolitical overhang is keeping risk appetite in check across the continent, with traders reluctant to build exposure until the scope of those measures becomes clear.
Across the Asia-Pacific session, Pilbara Minerals, trading on the Australian exchange as PLS, swung to a profit in fiscal year two thousand twenty six after posting a loss the prior year. The turnaround was driven by stronger lithium sales volumes and improved pricing, a meaningful signal for a sector that has been navigating a brutal correction over the past eighteen months.
Meanwhile in tech, Atlassian's chief accounting officer sold just over one thousand one hundred shares following a thirty percent surge in the stock after earnings. The transaction, valued at roughly one hundred ninety seven thousand dollars, is the kind of insider sale that markets watch closely — not necessarily a bearish signal, but worth noting when a stock moves that sharply that fast.
That's the tape. Markets Desk, signing off the floor.
