News

Iranian Foreign Minister Araqchi: The United States’ economic terrorism threatens the global economy and the national sovereignty of all countries.

Iranian Foreign Minister Araqchi: Many of Trump's remarks are intended to divert the American public's attention from the domestic financial crisis, namely the record debt in the United States and the sharp rise in bank interest rates.

The Norwegian Petroleum Board reported that Norway's preliminary oil production in July was 1.775 million barrels per day, and its preliminary natural gas production in July was 10.9 billion cubic meters.

Switzerland's seasonally adjusted real imports fell 2.8% month-on-month in July, compared with a previous reading of -1.60%.

Switzerland's seasonally adjusted real exports rose 10.7% month-on-month in July, compared with a previous reading of -6.00%.

Iranian Foreign Minister Araqchi: US policy will lead to failure and hostility.

Switzerland's trade balance in July was CHF 8.141 billion, compared to CHF 5.224 billion in the previous month.

Iranian Foreign Minister Araqchi: Trump's economic "Normandy landings" is a pretext created by the United States to divert attention from its domestic crisis.

Germany's July PPI rose 3% year-on-year, below the expected 2.7% and the previous reading of 1.80%.

Germany's July PPI rose 1.1% month-on-month, below the expected 0.7% and the previous reading of -0.30%.

Germany's July PPI monthly rate and Switzerland's July trade account will be announced in ten minutes.

Royal Bank of Canada raised its price target for Estée Lauder from $111 to $120.

The Russian Ministry of Defense stated that late Wednesday, Russia also attacked warehouses in the Black Sea ports of Chernomorsk and Pivdenny.

Russian Defense Ministry: Russia attacked an ammunition depot in Kyiv.

Russian Defense Ministry: Russian forces struck a drone parts manufacturing facility in Kyiv.

The Russian Ministry of Defense stated that Russian forces launched nighttime strikes against Kyiv and surrounding areas in Ukraine.

Mayor of Kyiv: Russian airstrikes have killed 8 people and injured 33 in Kyiv, Ukraine.

Traders: The Reserve Bank of India may be selling dollars to support the rupee.

JPMorgan Chase has moved its forecast for the Bank of Japan's next interest rate hike forward from October to September, while adding a December hike to its projections. It has also raised its year-end 2026 policy rate forecast to 1.5%. If the government's fiscal stance remains largely unchanged, JPMorgan expects further rate hikes in April, July, and December of 2027, bringing the year-end policy rate to 2.25%. The market has already largely priced in a September hike; if the Bank of Japan chooses to postpone it, it could increase market volatility. Meanwhile, JPMorgan's underlying inflation gauge has risen to the mid-2% range, and signals of fiscal expansion have reinforced concerns that the central bank is "lagging behind the curve," while the current policy rate remains relatively low compared to economic fundamentals. This suggests that Japan's monetary normalization may shift from a gradual path to a more immediate pace of rate hikes.

Romania's Ministry of Defense: A drone crashed into Romanian territory during Russia's attack on neighboring Ukraine.