Highs

There are so many boys, girls, men and women with the name Rex living in Southern California that they could form their own football team.

“We have like 28 cousins,” said San Clemente High strong safety/receiver Jaxson Rex.

Every Christmas, the Rex adults and their children, ranging in age from 4 to 28, come together but the family football games have been put on hold.

“We don’t play football anymore because everyone will get hurt and the dads try too hard,” Jaxson said.

There were eight Rex siblings who grew up first in Hawaii, then Bellflower. All are married. The most famous is Bryon, who was an All-American tight end at Brigham Young and is Jaxson’s uncle. Byron’s son, Isaac, played tight end at San Clemente and BYU, and another son, Preston, is a senior running back at BYU.

Jaxson will follow the family tradition of playing at Brigham Young, committing during the summer despite a strong bid by UCLA’s new coaching staff to pull him away. “I loved how UCLA’s new coaching staff is,” he said.

Jaxson is so talented there isn’t a position he can’t play in emergency except on the line. The 6-foot-1, 200-pound senior was recruited by several schools to be a receiver but sees himself as a strong safety.

“What I’ve enjoyed is the physicality in football,” he said. “I grew up playing basketball and football and realized I wasn’t going to be 7-foot tall, so I tried to focus on football once I hit eighth grade.”

A motivational moment came when he was in sixth grade and moved from Long Beach to San Clemente. He ended up playing against seventh- and eight-graders, which meant he hardly played.

“I never want to be not on the field,” he told himself.

Jaxson doesn’t leave the field for San Clemente (2-0), returning punts and kickoffs besides catching passes and making tackles and interceptions on defense. If you like someone who creates turnovers, that’s Jaxson. He’s always trying to take the ball away from running backs, quarterbacks and receivers.

Last season he had five interceptions, two returned for touchdowns, and 68 tackles. He also caught 10 touchdown passes. He averaged close to 30 yards on kickoff returns. He had 12 solo tackles in the Southern Section Division 2 final loss to Los Alamitos.

“He does everything and then some,” coach Jaime Ortiz said. “He has a high football IQ. He’s tenacious.”

Former NFL tight end Dennis Pitta, an assistant coach with the Tritons, said, “He’s as hard of a worker and as good as an athlete you could ask for.”

Jaxson calls living in San Clemente “paradise.”

“We always have an ocean breeze, not too hot, not too cold,” he said. “I can always work out any time of the day.”

The end of the summer practices for San Clemente involves jogging from campus 1.8 miles to the San Clemente Pier.

“Everyone is honking their horn while we’re going,” Jaxson said.

Imagine if 28 Rex cousins were participating. The noise would be so loud the town might think a parade was taking place.

Jaxson has an 11-year-old brother learning to play safety.

As long as players named Rex keep coming through San Clemente, the football team will be more than fine.

Published on 18/08/2026 – 12:47 GMT+2•Updated
13:04

Government borrowing costs are surging on both sides of the Atlantic.

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Long-term bond yields across Europe’s biggest economies hit multi-year highs on Tuesday, while the yield on 30-year US Treasuries rose to its highest level in nearly two decades.

The sell-off came as hopes of a swift resolution to the Iran conflict faded, pushing oil prices higher and renewing concerns about persistent inflation. International benchmark Brent crude traded at nearly $91 a barrel on Tuesday morning amid heightened tensions in the Middle East.

“The breakdown in US-Iran peace talks has increased the risk that energy prices remain elevated for the rest of the year, which could keep inflation higher than expected and increase the chance of central banks raising rates,” Richard Carter, head of fixed interest research at Quilter Cheviot, told Euronews Business.

Investors are increasingly betting on tighter monetary policy in the eurozone, with the ECB deposit rate expected to reach 2.76% by March 2027, up from 2.25% currently.

According to Trading Economics, investors see a 90% probability of a September rate hike by the European Central Bank (ECB).

At the same time, in the US, the 30-year Treasury yield reached 5.33%, a level not seen since 2007. In the UK, the 30-year gilt traded at 5.85% — its highest level since May 2026.

As government bonds came under renewed selling pressure globally, France’s 10-year bond yield rose to 4.10% on Tuesday morning, its highest level since June 2009.

Germany’s 10-year Bund yield, the benchmark for the eurozone, climbed above 3.25%, reaching its highest level since March 2011.

France’s 30-year bond yield reached its highest level since 2008, amid a global bond sell-off and growing concern about the country’s 2027 budget negotiations and next year’s presidential election. Germany’s 30-year bond yield rose to 3.78%, its highest level in 15 years.

Rising long-dated bond yields are not driven solely by expectations of higher interest rates and inflation fears.

“Investors are concerned about the scale of borrowing in major economies including the UK, France and Japan,” Carter continued, adding that “significant volumes of AI-related bond issuance have also added to supply, creating further pressure on prices and pushing yields higher.

Higher borrowing costs put pressure on economies and raise financing costs across a range of investments.

As government debt offices constantly raise money through bond markets, the effect of the jump in yields will gradually feed into their borrowing costs as they refinance maturing debt.

Italy is expected to refinance maturing debt equivalent to 17% of GDP in 2026, according to S&P Global Ratings, compared with 12% for France and 7% each for Germany and the UK.

For now, bond markets are likely to remain sensitive to developments in both geopolitics and economic data,” Carter said.

He added that bonds remain attractive to investors because yields are historically high and comfortably exceed inflation, offering a positive return after price rises are taken into account.

Third in a series of stories profiling top high school football players by position. Today, Austin Miller, Bellflower receiver.

Dozens of college football recruiters traveling in their rental cars to powerhouse St. John Bosco have learned there’s a new must-stop place on the way to Bellflower.

“Don’t come through Bellflower and not come through Bellflower,” is the motto of Bellflower High, where the emergence of 6-foot-5, 200-pound sophomore receiver Austin Miller is proving to be as attractive as a stop at In-N-Out.

“Bosco is a great program, but we don’t take a backseat to anyone,” said the 15-year-old Austin , whose father, Keith, is the head coach. “We’re here to put Bellflower on the map.”

Videographers covering Bellflower games know Austin is capable of dong something spectacular at any moment because of his speed, size, athleticism and jumping ability. He caught 35 passes for 609 yards and eight touchdowns as a freshman. He rushed for 885 yards and 13 touchdowns. He had four sacks and 35 tackles.

Imagine the highlight films coming this season with added strength and a maturing body.

He’s been fed hundreds of footballs from a Jugs machine to develop hands that don’t drop passes. He has the size and physicality of a tight end, which creates mismatches with smaller cornerbacks. He has no sympathy.

“As a receiver being bigger than everybody, you play to your advantage,” he said.

Because he has been playing multiple sports since he was young, versatility is his superpower, allowing him to catch passes, block, sack quarterbacks from the edge or play any position his father needs him to play.

Just hearing him describe the importance of blocking as a receiver shows the effect having a coach as a father has had on him.

“My dad taught me staying low, driving through your hips and making sure you block for your teammates like they block for you,” he said. “For receivers, sometimes you watch the play instead of doing your job. The biggest thing is putting your man in the dirt. Being bigger receiver, taking contact and delivering contact is a big thing for me.”

Austin is one of those rare teenagers who looks and acts like someone destined to reach the highest level possible because of his physical gifts and mental outlook. He committed to Ohio State in June even though he has three seasons left of high school football. His goals are high, and he feels the Buckeyes are the perfect landing place to fulfill his dreams.

Austin Miller, a 15-year-old sophomore receiver, is helping bring attention to Bellflower’s football program.

(Eric Sondheimer / Los Angeles Times)

His parents wanted nothing to do with the flavor of the month, holdbacks. It has become so common that most assume a top freshman or sophomore are holdbacks, which means repeating a grade or two to look for a competitive advantage in high school.

Austin welcomes competition of any and all ages, seeing it as a worthy challenge and a path that will only make him better. He certainly more than held his own as a 14-year-old playing against some 19-year-olds.

To understand his journey, you have to go back years and visualize the scene from his days as an 11-year-old.

“We’d wake up, go to football practice, go to basketball practice, go to baseball practice, then work out more,” he said.

Keith Miller wanted the chance to become a head coach after being an assistant to his brother, Jason, who’s coached at Bellflower, Verbum Dei and Leuzinger among his stops. With Austin and his talented friends serving as the early believers, Miller is trying to build a program from the ground up.

“The college coaches say they respect what we are doing,” Austin said. “We don’t take a back seat to any school.”

There’s also a little bit of pride in father and son proving that talent isn’t just found at top private schools. When a public school kid gains similar attention, it makes him a community hero for life.

Austin is certainly headed on that path. He’s embraced the idea that you can be the youngest on a field and still be one of the best through hard work, dedication, preparation and a belief in yourself.

Friday: Luke Gazzaniga, Santa Margarita tight end.

Receivers to watch

Nico Bland, Orange Lutheran, 6-1, 185, Sr.: Arizona State commit led Lancers with 57 catches

Charles Davis, Westlake, 6-5, 205, Sr.: Cal commit has size and speed

Quentin Hale, Corona Centennial, 6-3, 195, Sr.: USC commit joins a prolific offensive attack

Kingston Celifie, Calabasas, 6-0, 170, Sr.: UCLA commit is even faster after catching nine TDs last season

Jack Junker, Mission Viejo, 5-10, 180, Sr.: San Jose State commit might have best hands in the Southland

Hayden Koo, Tustin, 6-1, 170, Jr.: Has size, speed and work ethic to be standout

Austin Miller, Bellflower, 6-5, 200, So.: Committed to Ohio State after just one high school season

DJ Tubbs, St. John Bosco, 5-10, 175, Jr.: Can be this season’s Trent Mosley by making big plays

Eli Woodard, Chaparral, 6-0, 180, Sr.: Miami commit was the object of big recruiting battle all summer

Blake Wong, Norco, 6-2, 170, Sr.: Brigham Young commit caught 14 passes for 219 yards, three TDs vs. Centennial

European equities keep reaching new highs.

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The pan-European STOXX Europe 600 climbed to another record on Wednesday, closing at around 657 points after touching a fresh intraday high and extending its winning streak to a third consecutive session.

The blue-chip EURO STOXX 50, which tracks the euro area’s largest listed companies, also set a new all-time high during the day. The broader benchmark has now gained about 10% since the start of 2026.

The rally is broad-based. Germany’s DAX broke above 26,100 for the first time. France’s CAC 40 climbed to a record 8,700, while Italy’s FTSE MIB reached an unprecedented 53,540.

Record highs everywhere

Yet the companies leading Europe’s bull market bear little resemblance to the household names that have long defined the continent’s equity story.

Luxury groups are nowhere to be seen. Neither are the pharmaceutical giants that traditionally anchor European portfolios. Even banks, despite a strong year, have largely been overtaken.

Instead, the biggest winners of 2026 are the companies building the infrastructure behind the artificial intelligence boom: manufacturers of semiconductor wafers, chip-testing equipment, advanced substrates and industrial technology.

Europe’s stock market is no longer being led by brands consumers recognise. It is increasingly being powered by the suppliers enabling the world’s AI capital-spending race.

Why European stocks keep setting records

Several forces have come together to fuel the rally.

The immediate catalyst was geopolitical.

Reports that Washington and Tehran are moving towards a new agreement to reopen the Strait of Hormuz pushed oil prices sharply lower, easing inflation fears and reducing cost pressures for Europe’s manufacturers and airlines.

The economic backdrop has also surprised investors.

Eurostat’s preliminary estimate showed the eurozone economy expanded 0.4% quarter-on-quarter in the second quarter, double economists’ expectations, following flat growth in the first quarter. Annual growth accelerated to 1.0%.

Pantheon Macroeconomics’ chief eurozone economist Claus Vistesen said the euro area “comfortably beat expectations yesterday, posting GDP growth of 0.4% quarter-to-quarter in Q2, after upwardly revised zero growth in Q1. This was 0.2pp above the consensus and 0.1pp above our forecast.”

Corporate earnings have added another pillar of support.

Second-quarter reporting has generally exceeded expectations, while global enthusiasm for artificial intelligence infrastructure has transformed a small group of European technology suppliers into some of the world’s best-performing stocks.

The 10 best-performing STOXX Europe 600 stocks in 2026

These are the 10 best-performing European stocks with a market capitalisation of €1 billion or more, ranked by share price performance through 5 August.

10. ArcelorMittal (+65.3%)

Europe’s steel champion has quietly become one of this year’s biggest industrial winners.

Shares of ArcelorMittal have gained 65.3% since the start of 2026, making the company the tenth-best performer in the STOXX Europe 600 through 5 August.

The Luxembourg-based group reported revenue of $16.5 billion in the second quarter and underlying operating profit of $2.1 billion, its strongest performance in Europe for three years.

Profitability improved as new EU import quotas reduced competition from cheaper foreign steel, while the company continued buying back its own shares, returning more cash to investors.

9. Raiffeisen Bank International (+67.6%)

Higher interest rates and resilient economic activity across Central and Eastern Europe have helped the Austrian lender outperform most of its European peers. Raiffeisen Bank International shares have climbed 67.6% year-to-date through 5 August.

First-half profit excluding Russia rose 25% to €708 million, prompting management to raise its full-year forecast for net interest income to €4.4–4.5 billion.

Investors have also welcomed stronger capital levels and easing concerns over the bank’s Eastern European operations.

8. Saipem (+75.8%)

The Italian engineering group has benefited from the global revival in offshore energy investment.

Saipem stock is up 75.8% in 2026 through 5 August, extending one of the strongest rallies among European industrial companies.

First-half revenue increased to €7.35 billion, while underlying operating profit rose 9.4% to €836 million. Its order book expanded to a record €29.9 billion, giving the company years of work already secured despite trimming guidance to reflect around €70 million of conflict-related costs.

7. STMicroelectronics (+105.7%)

The Franco-Italian chipmaker has emerged as one of Europe’s biggest beneficiaries of renewed enthusiasm for artificial intelligence infrastructure.

Shares of STMicroelectronics have more than doubled in 2026, rising 105.7%.

Second-quarter revenue climbed 26% to $3.49 billion, while the company returned to an operating profit after several difficult quarters. Management forecast around $3.7 billion in revenue for the current quarter, signalling that the semiconductor downturn is gradually easing.

6. AIXTRON (+121.0%)

The German company manufactures highly specialised equipment used to produce advanced semiconductors.

AIXTRON shares have surged 121% since the beginning of the year, placing the company among Europe’s biggest AI winners.

Second-quarter orders jumped 81% to €214.5 million, driven by booming demand for photonics and power-chip manufacturing equipment. Management reaffirmed its full-year revenue forecast of €560 million.

5. Technoprobe (+135.1%)

Few investors know Technoprobe, yet almost every advanced semiconductor relies on its testing technology before reaching customers.

Technoprobe has rallied 135.1% in 2026 through 5 August, making it one of Europe’s strongest-performing technology stocks.

Following a record first quarter with €187 million in revenue, management raised its full-year sales forecast to between €950 million and €1.05 billion, reflecting growing demand for AI-related chip testing equipment.

4. ams-OSRAM (+136.2%)

The Austrian sensor and photonics specialist has staged one of the European market’s biggest turnarounds.

ams-OSRAM stock has gained 136.2% since January.

Second-quarter revenue reached €805 million, at the top end of company guidance, while management continued making progress towards commercial production of its microLED technology for augmented-reality glasses.

Investors also welcomed the sale of its non-core sensor division to Infineon, strengthening the company’s balance sheet.

3. Tullow Oil (+136.4%)

The oil producer is the only energy company among Europe’s top-performing stocks this year.

Shares of Tullow Oil have advanced 136.4% year-to-date through 5 August.

Management recently increased its forecast for 2026 free cash flow to between $170 million and $250 million, more than doubling its previous guidance after benefiting from stronger oil prices during the first half of the year.

Ironically, the stock fell on Wednesday as hopes of easing tensions in the Middle East pushed crude prices lower.

2. AT&S (+343.5%)

Austria’s AT&S manufactures the advanced substrates that connect artificial intelligence processors with memory chips inside high-performance servers.

AT&S shares have soared 343.5% in 2026, making the company Europe’s second-best-performing stock.

When reporting quarterly results on 4 August, management forecast 30%–35% revenue growth this year, driven by continued investment in AI data centres.

Despite the spectacular rally, the shares remain about 40% below the record highs reached in June.

1. Soitec (+414.5%)

No European company has benefited more from the artificial intelligence investment boom than France’s Soitec.

Soitec shares have skyrocketed 414.5% since the start of 2026 through 5 August, making the company the best-performing constituent of the STOXX Europe 600.

The semiconductor materials specialist reported annual revenue of €592 million, down 34% as the industry worked through excess inventories. However, investors focused on signs that the recovery had begun.

Revenue from its fast-growing photonics business exceeded $100 million for the first time, while free cash flow reached €63 million, far ahead of analysts’ expectations.

Management expects revenue to return to growth during the current financial year, reinforcing confidence that Soitec is becoming one of Europe’s biggest beneficiaries of the global AI infrastructure build-out.

Ever ambitious and eager to test new horizons, Keegan announced midway through the 1976-77 season that he would leave Liverpool at the end of the campaign.

It brought some criticism from supporters, but was another example of deception never being part of Keegan’s character, allowing Liverpool time to line up Kenny Dalglish as his replacement.

He went out on the highest high in his final game, running the great German defender Berti Vogts ragged as Liverpool won the European Cup for the first time, beating Borussia Monchengladbach 3-1 in Rome.

Keegan left having scored 100 goals in 323 appearances.

There was talk of a move to Real Madrid, but in the end his destination was Hamburg, where he was a major success as they won the Bundesliga in 1978-79, though disappointment followed when they lost the European Cup final to Nottingham Forest the following season.

Keegan confirmed his world-class credentials at Hamburg, winning the Ballon d’Or in 1978 and 1979.

Hamburg was a surprise choice when Keegan left Liverpool, but after early struggles to win over team-mates, he became hugely popular, not just with his club but in the country, where they appreciated the Englishman’s down to earth approach and his willingness to integrate.

It all added to Keegan’s status as a global superstar, one of the most marketable sportsmen around, not just seen on the pitch but in adverts and advertising hoardings worldwide.

He famously did an advert for Brut aftershave with British boxer Henry Cooper, as well as the “Green Cross Code” road safety campaign.

While in West Germany, Keegan had another crack at music with the track Head Over Heels In Love. It peaked at number 31 in the UK, but climbed to number 10 in the German charts.

Keegan returned to England in 1980 with a shock move to Southampton, showing his enduring quality by winning the Professional Footballers’ Association player of the year award in 1982.

He did not win trophies at The Dell, but was still a player of the highest class in Lawrie McMenemy’s team, built around experienced stars such as Keegan, Alan Ball and Saints’ great Mike Channon.

The current heatwave is not expected to break any daily temperature records, however, on Thursday the Met Office announced there have been eight days in 2026 where the heat has reached or exceeded 34C.

There were two in the May heatwave, four in June’s and so far two in this one, which is a record for the calendar year, surpassing 1976 and 2020. A further 34C plus reading is anticipated on Friday.

During June’s heatwave, temperatures peaked at 37.7C in Lingwood, Norfolk, smashing the previous June record of 35.6C.

Wales also recorded its hottest June day with 35.9C in Cardiff, while Northern Ireland equalled its June record with 30.8C in Castlederg, County Tyrone.

Scotland fell just slightly short of hitting its all-time June record which was 32.2C set in 1893. In June its top temperature was 31.2C at Threave, in Dumfries and Galloway.

In this July heatwave the highest temperature so far this time has been 35.5C at Wisley in Surrey, on Thursday.

Although temperatures will drop off a little into the weekend, many places will still reach the official heatwave thresholds through much of next week.

People may be drawing comparisons with 1976, where the UK saw 16 consecutive days above 30C, but this record is not likely to be broken.

The highest temperature recorded in the UK was during the unprecedented heatwave of 2022, when an astonishing 40.3C was recorded in Coningsby, Lincolnshire.

A NUMBER of iconic landmarks have closed around the country, as Brits brace for record-breaking heat.

Temperatures today have already broken June weather records, with highs of 36C seen in Surrey.

Multiple British landmarks have completely closed or restricted public access today as the Met Office’s red weather warning takes effect.

This comes after over 1,000 schools shut doors across the South of England, West Midlands and Wales due to rapidly rising temperatures.

Tower Bridge, a London landmark that attracts nearly one million visitors annually, has shut entirely today and will remain shut tomorrow.

Operators have said the decision was made for “the welfare of our staff and visitors”, and plan to reopen the bridge on Friday.

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Changing of the Guard ceremonies at Buckingham Palace and Windsor Castle are suspended for the rest of the week.

The Household Division said: “We take the wellbeing of our soldiers and military working horses very seriously.

“Whilst it may be disappointing not to experience the Ceremonial Operations in full, it is important the wellbeing of the public, our soldiers and military working horses is maintained at all times.”

The historic spectacle, taking place on alternative days at Buckingham Palace and Windsor Castle, is a popular tourist attraction and “must see” for London visitors.

Greenwich landmarks the Cutty Sark and The Royal Observatory have also both announced their closures, with visitors of the area recommended to view the Queen’s House and National Maritime Museum as an alternative.

Away from the capital, various National Trust properties are operating on shortened hours, such as the Stourhead Estate in Wiltshire, Blists Hill Victorian Town in Shropshire, and Mottisfont House in Hampshire.

Longleat House and the Severn Valley Railway in Wiltshire, alongside the Wild Zoological Park in Wolverhampton, have also closed today and tomorrow.

The UK’s most visited museum, Natural History Museum, alongside the Victoria and Albert Museum have temporarily closed certain sections of the building, with the Young V&A shutting entirely.

The British Museum has further said on its website: “We may also temporarily close some galleries in the Museum to ensure the comfort and safety of staff and visitors.”

Beloved family attractions London Zoo and Chester Zoo are also shutting early on certain days, with London closing at 4pm both days, and Chester Zoo closing at 2pm on Thursday.

Outside, playgrounds in London’s Royal Parks have shut to keep staff, wildlife and visitors safe, including popular sites in Kensington Gardens, Hyde Park, Regent’s Park, and more.

Hampton Court Palace has also shut its Magic Garden from 1pm today, continuing until the end of tomorrow as the hot weather continues.

The Met Office red alert is in place for swathes of the country until late tomorrow night, with warm weather anticipated for the rest of the week.