News

According to Reuters: Russia's Norsi refinery (Norsi) has suspended crude oil processing after a drone attack on July 2, two sources said.

Germany's DAX index rose 1% during the day.

Bank of England Governor Bailey will speak on fiscal and monetary policy coordination in ten minutes.

According to CBS: U.S. officials urge states to crack down on oil price gouging.

According to CBS: The United States says it is monitoring the oil market to prevent price manipulation.

The document shows that Germany’s 2027 draft budget core budget net borrowing is 118.7 billion euros. The 2027 budget draft allocates a total of 117.5 billion euros for investment.

The document shows that Germany’s total expenditure in the 2027 draft budget is 555.4 billion euros, higher than the 543.3 billion euros in the previous version of the draft. Total borrowings were 203.7 billion euros, up from 196.5 billion euros previously.

The UK's Medicines and Healthcare products Regulatory Agency has approved semaglutide injection to treat a liver disease.

Shares of Continental in Germany rose 2% as the company is close to finalizing an agreement to sell its industrial technology unit ContiTech.

Market news: German auto parts manufacturer Continental is close to selling ContiTech to U.S. private equity investment firm Lone Star at a valuation of 4 billion euros.

Market news: Canadian environmental services company GFL Environmental is considering taking the company private after receiving an offer of interest from a private equity firm and is discussing various options with advisors. GFL Environmental has received preliminary offers of interest in recent months.

Market news: German automotive parts manufacturer Continental is close to finalizing an agreement to sell its industrial technology business unit, ContiTech.

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

DesRosiers, a Canadian automotive industry market research organization: Canadian motor vehicle sales increased by 1.9% year-on-year in June.

VTB Chief Vice President: VTB plans to increase reserves in the second half of the year.

According to Reuters: Shipping data showed that crude oil exports from the Middle East Gulf region rose to more than 10 million barrels per day in June, but were still 40% below pre-conflict levels.

Polish Foreign Affairs Minister: It would be crazy if Russian President Vladimir Putin decided to test NATO unity.

European Commission President von der Leyen: The European Commission will soon present a program document on the settlement issue.

European Commission President von der Leyen: Israeli settlement expansion is unacceptable.

According to Indian media PTI: Meta Platforms (META.O) will submit a final response to the Indian government within 3 days.