News

Fitch Ratings: Further growth in European structured finance issuance is expected.

U.S. stocks opened lower and moved higher, with the Dow Jones Industrial Average rising 0.3%, the S&P 500 Index rising 0.2%, and the Nasdaq Composite recovering its previous losses.

Stellantis (STLA.N): U.S. sales increased 5% year-on-year in the first half.

U.S. Democratic Senator Warren: Legislation is needed to prevent Trump from obtaining more cryptocurrency-related gains.

According to the US "Washington Observer": Clayton's confirmation hearing as director of national intelligence is tentatively scheduled for July 15.

Portugal Automobile Association (ACAP): New registrations of Tesla (TSLA.O) in Portugal increased by 43.2% year-on-year in June, and the cumulative increase from January to June was 53.5%.

Google Cloud confirms it will provide EU public sector organizations with more secure options following approval of Dutch data protection impact assessment.

According to Sky News: Harvey Nichols, the long-established British high-end luxury department store, requires a takeover bid to be submitted within two weeks.

U.S. Department of Justice: Suing Virginia on the grounds that its gun ban is allegedly unconstitutional. Sued the state of California to block the state's ban on Glock handguns.

Market News: The USDA will invest US$500 million in new and existing fertilizer facilities.

According to German media reports, German federal prosecutors have filed charges against a Ukrainian national in connection with the Nord Stream pipeline explosion.

The S&P 500 reversed early losses and turned positive.

Bank of Mexico survey: Private sector analysts expect the benchmark interest rate to reach 6.50% by the end of 2026 and 6.50% by the end of 2027.

Bank of Mexico survey: Private sector analysts expect Mexico's economic growth to be 1.10% in 2026 and 1.80% in 2027.

U.S. Energy Information Administration (EIA): U.S. Gulf Coast gasoline inventories fell last week to their lowest level since October 2024.

U.S. diesel futures gave up some of their gains and were now up 0.4% after an EIA report showed an unexpected increase in U.S. distillate inventories.

ECB Governing Council member Kasik: There may be more clarity on wages in the autumn.

ECB Governing Council member Kasik: The impact of the war on oil prices is likely to have longer-term effects. Another interest rate hike is a reasonable expectation.

Hyundai Motor America CEO: Hyundai will increase production of hybrid vehicles at Savannah plant.

1. The EIA Strategic Petroleum Reserve inventory in the United States for the week to June 26 was the lowest since the week of May 20, 1983. 2. U.S. commercial crude oil inventories excluding strategic reserves in the week to June 26 were the lowest since the week of September 28, 2018. 3. The decline in domestic crude oil production in the United States in the week to June 26 was the largest since the week of May 1, 2026. 4. U.S. crude oil exports in the week to June 26 were the lowest since the week of March 27, 2026. 5. U.S. crude oil inventories fell for the 10th consecutive week. U.S. West Coast crude oil inventories fell to record lows.