News

EU: Expects the United States to continue to comply with the terms of the EU-U.S. Joint Declaration.

EU: Notes the final relief measures announced by the United States based on the Section 301 investigation. The EU's tariff commitments have entered into force on July 1, 2026, and the EU has fulfilled its obligations under the agreement.

ECB Governing Council Member Nagel: No pre-commitments should be made to any interest rate changes before the September meeting.

Norwegian Foreign Minister: We have no plans to impose any tariffs on imports from the United States.

ECB Governing Council member Nagel: The ECB is in a good position to pay close attention to further developments.

The preliminary value of India's manufacturing PMI in July was 53.9, which was expected to be 54.7 and the previous value was 54.2.

India's initial composite PMI value for July was 54.3, compared with the expected 57.7 and the previous value of 57.1.

The preliminary value of India's services PMI in July was 53.1, which was expected to be 58 and the previous value was 57.4.

The Iranian military said it had struck U.S. military facilities at Azraq Base in Jordan and Sheikh Issa Air Base in Bahrain.

Cathay Pacific Airways: In response to the recent rise in fuel prices, Cathay Pacific Airways and Cathay Pacific Cargo will adjust passenger and cargo fuel surcharges from August 1.

JPMorgan Chase: Raise target price on Union Pacific (UNP.N) to $334 from $304.

The International Federation of Professional Engineers (IFPE) has reached a preliminary agreement with Boeing (BA.N) on four non-economic terms of a new contract. The union team and Boeing also continued previous discussions on economic issues, including wages and retirement benefits.

Royal Bank of Canada: Raised price target on Honeywell (HON.O) to $298 from $272.

D.A. Davidson: Raise target price on Intel (INTC.O) to $100 from $77.

JPMorgan Chase: Intel (INTC.O) target price raised from $45 to $85.

Piper Jaffray: Lowered its price target for Tesla (TSLA.O) from $500 to $450.

Thailand’s Ministry of Commerce: The impact of the new round of US tariffs is expected to be limited.

EU High Representative for Foreign Affairs and Security Policy Karas: EU sanctions are aimed at cutting off Russia's financial support for the war in Ukraine and making it more difficult for Russia to raise funds overseas.

EU High Representative for Foreign Affairs and Security Policy Callas: It is not expected to be included in the new US tariffs. EU officials will seek clarification from Washington on the new tariffs.

EU High Representative for Foreign Affairs and Security Policy Karas: The US tariff measures after the EU fulfilled its trade agreement were "surprising".