News

According to EIA data, crude oil inventories in the U.S. Strategic Petroleum Reserve decreased by approximately 2.85 million barrels last week to 304.8 million barrels, the lowest level since 1983.

Sources say that Russia's Lukoil Volgograd refinery has suspended operations after being attacked by drones on July 31.

Russian President Vladimir Putin has appointed Dmitry Dogadkin as Russia's ambassador to Syria.

BNP Paribas raises its price target for Western Digital (WDC.O) from $1,050 to $1,275.

The FCHI index rose 1.6%, reaching a new intraday high since February 26.

The Euro Stoxx 50 index rose 1.2%, hitting a new intraday high since July 6.

Republican Senators Cornyn and Tillis dropped their obstruction of the Trump administration's nomination of Attorney General, and will support Todd Branch for the position.

The U.S. Treasury Department website states that the U.S. license authorizes specific transactions related to Venezuela's state-owned oil company's 2020 8.5% bonds on or after September 17.

The S&P 500 extended its gains to 1%, its highest level since July 16. The Dow Jones Industrial Average is currently up 1.3%, and the Nasdaq Composite is up 1.38%.

Boeing (BA.N) hit a three-week high, up 5.3% at its latest gain; after BNP Paribas upgraded its rating.

Some major U.S. tech stocks rallied, with Meta Platforms (META.O) up over 6%, Microsoft (MSFT.O) up nearly 5%, Google A (GOOGL.O) up 3.7%, and Oracle (ORCL.N) up 4.6%.

India has raised the export tax on diesel fuel to 24 rupees per liter.

On Monday morning US trade, Amazon (AMZN.O) shares rose as much as 5.3%, extending last week’s rally after Q2 results showed accelerating cloud revenue growth. The move pushed Amazon’s market value above $3 trillion, joining NVIDIA, Alphabet, Microsoft and Apple as the fifth company to reach that threshold. Last week the stock jumped more than 15%—its biggest single-day gain in over 14 years—after AWS reported its strongest revenue growth since 2021, adding roughly $400 billion to market value; the shares had fallen about 18% from the May 6 record high to a three-month low before the rebound, making Amazon the best-performing member of the Magnificent Seven year-to-date.

US Treasury bonds gave back their gains after strong July ISM manufacturing data.

The US ISM output index for July was 58.5, compared to 52.2 in the previous month.

According to RIA Novosti: Russia's antitrust regulator has launched an investigation into Apple (AAPL.O).

The U.S. ISM Manufacturing Prices Paid Index for July was 71.1, in line with expectations and down from 73 in July.

The US ISM new orders index for July was 56.7, in line with expectations and unchanged from the previous month.

BNP Paribas upgrades Boeing (BA.N) to "Outperform" and raises its target price to $300.

According to Interfax news agency, the Russian Ministry of Defense stated that Russian forces struck two more ships in the Black Sea.