News

Barclays lowered its price target for IBM (IBM.N) from $288 to $262.

According to TASS: U.S. Secretary of State Marco Rubio met with Russian Foreign Minister Sergey Lavrov in Manila for half an hour.

British Prime Minister's Office: British bars, clubs and live music venues will receive a 20% business tax reduction.

Hindustan Petroleum Corporation executive: Oil supply for August has been secured.

Hindustan Petroleum Corporation executive: Expects Rajasthan refineries to operate at full capacity in fourth quarter. The goal is to stop buying fuel from other refineries for local sales within nine months.

Reuters survey: 70% of economists expect the Bank of Japan to raise interest rates to at least 1.50% in the second quarter of 2027; 51% of respondents believe 1.50% is the terminal interest rate.

Reuters survey: 58% of economists believe that the impact of rising Japanese bond yields on Japan’s debt financing costs in the next 2-3 years is “very” or “somewhat” worrying.

Reuters survey: 79% of economists believe that the yen is too weak against the dollar at around 160 relative to Japan's economic fundamentals.

Reuters survey: 86% of economists predict that the Bank of Japan will raise the key interest rate to 1.25% before the end of the fourth quarter (79% of economists in the June survey predicted this).

New car registrations in the 27 EU countries increased by 13.6% year-on-year in June (previous value was 3.2%).

Gatun Beixiang: Lowered the target price of Tesla (TSLA.O) from $450 to $410.

European Automobile Manufacturers Association: Tesla (TSLA.O) EU new car registrations increased by 72% in June.

Indian Prime Minister Narendra Modi: Those who try to jeopardize the future of our youth will not be forgiven. Nothing is more important than the well-being and future of our young people.

Indian Prime Minister Narendra Modi: He has decided to set up a fast-track court to ensure that those involved in leaking exam questions will be punished quickly and severely. Relevant departments and officials have been instructed to take all necessary measures to advance the relevant work.

Goldman Sachs: Oil prices are expected to hold on to recent gains and find support in the July-August period, mainly boosted by lower production in the Middle East, summer travel demand and slower releases from strategic petroleum reserves.

Intel (INTC.O) and AMD (AMD.O) are signing long-term purchase agreements with Chinese server customers for data center processors, people familiar with the matter said. The agreements currently being negotiated typically lock in purchase quantities but not prices. Most agreements cover about a year of supply, but Intel and AMD have also discussed supply commitments of two years or more with some customers, one of them said. The CPU shortage will be one of the key topics Intel is likely to discuss when it releases its quarterly earnings on Thursday.

7-Eleven, Japan's largest convenience store operator, issued a warning to stores across the country due to illegal hoarding, reservation of goods in advance and resale of popular products such as Pokémon cards and "One Piece" peripherals by some franchise store owners and employees, and took punitive measures against relevant violators by terminating the franchise contract in advance.

U.S. National Hurricane Center: Tropical Storm Bertha is located about 135 miles (215 kilometers) east-southeast of Lake Charles, Louisiana; maximum sustained winds are 45 mph (75 km/h).

U.S. Central Command: U.S. forces attacked Iranian military targets, including maritime combat capabilities, missile and drone storage facilities, coastal surveillance sites, and air defense assets. The strike further weakens Iran's ability to attack civilian sailors and commercial vessels.

U.S. Central Command: As of 10:30 p.m. ET on July 22, Central Command forces have launched a new round of strikes against Iran for the 12th consecutive night.