News

Market news: Faraday Copper will acquire BHP Billiton’s San Manuel mining assets in Arizona, USA.

Bank of Montreal raised its target price on Southwest Airlines Co. (LUV.N) to $58.50 from $45. Raised price target on United Airlines (UAL.O) to $157.50 from $130. Raised its price target on American Airlines (AAL.O) to $19.50 from $13.50. Delta Air Lines (DAL.N) price target was raised to $105 from $80.

Indian Petroleum Minister: National fuel retailers lost nearly 1.45 trillion rupees in diesel sales revenue from April to June.

Indian Petroleum Minister: From April to June, the revenue loss of national fuel retailers on gasoline sales was 199 billion rupees.

Nabiullina, Governor of the Central Bank of Russia: (Regarding fuel shortages) We will discuss this at the committee meeting in July.

Nabiullina, Governor of the Central Bank of Russia: (On fuel shortages) We think this will be short-lived.

Central Bank of Russia: Commercial swap operations of frozen assets between the EU and Russia conducted by private brokers will not have a systemic impact on the domestic market.

Market news: India's refining capacity is expected to increase to 309.5 million tons per year by 2030.

Wells Fargo raised its PT for Meta Platforms (META.O) to $767 from $765, raised its PT for Amazon (AMZN.O) to $313 from $312, and cut its PT for Alphabet (GOOGL.O) to $416 from $435.

Wells Fargo: Raised target price on Meta Platforms (META.O) to $767 from $765. Raised its price target on Amazon (AMZN.O) to $313 from $312. Alphabet (GOOGL.O) price target lowered to $416 from $435.

According to Saudi Arabia's Al Arabiya TV: Sources said the next round of negotiations between the United States and Iran will be held on July 18.

Italian oil company Eni Group: The UK Atomic Energy Authority (UKAEA) and Eni have established a joint venture to provide relevant capabilities to support the fusion energy industry. The joint venture, RH3OVA, will provide professional consulting and operational services to the growing global fusion energy industry.

Barclays: Lowered its target price on Nike (NKE.N) to $52 from $67.

European Free Trade Association (EFTA) member states said they have completed negotiations on a comprehensive free trade agreement with Vietnam.

Spain's IBEX 35 index rose by 1.00% on the day.

Indian Ministry of Foreign Affairs: India and Japan have signed a geological and mineral exploration cooperation agreement, and the scope of the agreement includes key minerals.

Alphabet (GOOGL.O) shares fell 1.3% in premarket trading after the company lost a legal challenge to an EU antitrust fine.

Alphabet (GOOGL.O) fell 1.3% in pre-market trading after the company lost its battle with EU antitrust fines.

Hong Kong Stock Exchange documents show that JPMorgan Chase’s long position in Lenovo Group (00992.HK) dropped from 13.78% to 9.69% on June 25.

Italy's Pirelli shares rose 3% to 6.92 euros, a new high since October 2018.