forex cross rate

According to Interfax news agency, Russia is interested in investing in India's oil and gas sector.

The German DAX 30 index opened 112.21 points higher, or 0.43%, at 26458.50 on Thursday, August 13th; the UK FTSE 100 index opened 13.45 points lower, or 0.12%, at 10819.70 on Thursday, August 13th; and the FCHI index opened 23.85 points higher, or 0.27%, at 8698.79 on Thursday, August 13th. The Euro Stoxx 50 index opened 29.56 points higher, or 0.45%, at 6563.55 on Thursday, August 13; the Italian FTSE MIB index opened 207.34 points higher, or 0.39%, at 53906.00 on Thursday, August 13; and the Spanish IBEX 35 index opened 70.62 points higher, or 0.35%, at 20275.02 on Thursday, August 13.

After the U.S. Supreme Court ruled that some tariffs imposed under the International Emergency Economic Powers Act lacked legal authorization, refunds began appearing on corporate financial statements. More than 40 S&P 500 companies have disclosed refunds totaling approximately $9.6 billion, including about $2.2 billion from Apple, $986 million from Nike, and $800 million from FedEx. Apple's earnings per share this quarter were $2.02, with refunds contributing $0.11 and boosting gross margin by about 2 percentage points, indicating that this funding was sufficient to generate significant earnings exceeding expectations. However, refunds are essentially a reversal of past tariff costs, not an increase in demand or improvement in operational efficiency, and cannot be extrapolated to future profits based on current levels. The actual benefits vary among companies: FedEx is simply paying taxes on behalf of its customers and plans to refund approximately $800 million to shippers and consumers; some retailers may retain the refunds or use them to lower subsequent selling prices. In the short term, refunds benefit the cash flow and profit margins of import-oriented companies, but this one-off item needs to be excluded when assessing true profit trends.

Spain's final harmonized CPI annual rate for July was 3.9%, below the expected 3.8% and the previous reading of 3.80%.

Spain's final CPI reading for July was 0.3%, below the expected 0.2% and the previous reading of 0.20%.

Spain's final harmonized CPI monthly rate for July was 0%, compared to a forecast of -0.1% and a previous reading of -0.10%.