News
US Secretary of State Rubio: We are willing to reach an agreement with Iran to ensure that it does not acquire nuclear weapons. Iran is a state sponsor of terrorism and we do not trust it. If Iran does not cooperate, U.S. President Trump has many options.
US Secretary of State Rubio: Willing to reach a diplomatic solution with Iran.
US Secretary of State Rubio: We will continue to ensure shipping safety.
US Secretary of State Rubio: We can cooperate with Russia in other areas.
U.S. Secretary of State Rubio: Will discuss the Ukraine issue with Russian Foreign Minister Lavrov.
U.S. Secretary of State Rubio: We will weaken Iran's ability to attack shipping as far as we can.
U.S. Secretary of State Rubio: Iran is facing high inflation and suffering severe economic damage.
The Stoxx Europe 600 index continued its gains, hitting a two-week high and now rising 0.7%.
Market news: A number of senior French officials have been suspended due to drug test results.
Canadian Foreign Minister Anita Anand: Given the extreme gravity of the situation, we call for de-escalation and a permanent ceasefire in the Middle East.
According to Israel’s i24News: As the situation in Iran continues to escalate and the urgent question of whether Israel will join the US strike remains unresolved, the Israeli security cabinet will hold a meeting on Sunday to discuss it. Israeli Prime Minister Benjamin Netanyahu is still considering whether to travel to Washington next week.
The FCHI index rose by 1.00% on the day.
Jefferies: Inflation data strengthens the Bank of England's case for keeping interest rates unchanged for the long term rather than raising them. However, geopolitical risks threaten to push up inflation, keeping markets cautious.
According to Fox News: The U.S. House of Representatives will consider a plan to ban members from trading stocks today (local time).
According to German newspaper Bild: Tax investigators raided the Frankfurt offices of Deutsche Bank (DB.N).
Former Hungarian Prime Minister Orban: The elected officials of the new Tisza government will be "illegal".
Former Hungarian Prime Minister Viktor Orban said prosecutors had seized his party's servers.
Trump is imposing new tariffs on Canadian exports under a provision of the law that has not been used since legislation in 1930. The new tariffs are based on Section 338 of the U.S. Tariff Act of 1930, which targets "discriminatory measures implemented by foreign countries", that is, any behavior by trading partners that puts "U.S. commerce at a disadvantage." Simon Lester, a researcher at Rice University in the United States, said that Trump’s administrative announcement has clearly recognized that there is a basis for such behavior in Canada. “It will be very difficult to successfully challenge it in the U.S. courts.” The administrative announcement stated, Canada has mainly adopted three measures to put the United States at a disadvantage: banning the import and sale of U.S. alcoholic products in eight Canadian provinces; restricting U.S. dairy products from entering the Canadian market; and restricting the export of some U.S. cars to Canada. According to the administrative announcement, the new tariffs will officially take effect on August 19. But Nicolas Lamp, associate professor of international law at Queen's University in Canada, believes that these tariffs are more like a negotiation tactic aimed at weakening Canada's bargaining chips.
The DCLG house price index in the United Kingdom increased at an annual rate of 2.7% in May, compared with the previous value of 3.80%.
Chairman Iberdrola: We expect to launch new battery energy storage projects in the United States as soon as possible.