Currency News Today — July 17, 2026
Seven & i shares end 3.6% higher on report of stake talks with Polish convenience chain Zabka and more — today's currency signal.
Asian markets are showing a mixed picture today, with some stocks gaining on potential deal news while others are under pressure from a sell-off in technology shares. Seven & i, the Japanese retail giant, saw its shares rise 3.6% following a report that it is in talks to acquire a stake in Polish convenience chain Zabka. This deal could potentially expand Seven & i's presence in Europe.
In contrast, SoftBank's shares plunged 8% as the stock tracked a decline in Asian chip stocks, which in turn were affected by a sell-off in AI-related stocks on Wall Street. This decline in tech shares comes as some investors express concerns about the US stock market's overall stability, with one analyst noting that the market looks like a "rubber band ready to snap." Meanwhile, US politics and corporate news are also making headlines, with President Trump set to deliver a national address tonight and Nike facing questions about its brand appeal.
Today's signal:
• Seven & i shares end 3.6% higher on report of stake talks with Polish convenience chain Zabka (cnbc.com)
• SoftBank sinks 8% as Asia chip stocks track Wall Street AI sell-off (cnbc.com)
• Has Nike lost its 'cool' factor? LeBron James weighs in (cnbc.com)
• The U.S. stock market is looking like a rubber band ready to snap (marketwatch.com)
• AG pick Blanche to meet with Epstein survivors after 2 GOP senators hedge on nomination (cnbc.com)
• Trump is set to deliver an election-focused national address tonight. Here's what to know (cnbc.com)