News

The European Stoxx 600 index's decline expanded to 1%, hitting a new intraday low.

Market news: Safran is studying a deal to acquire French maritime drone manufacturer Exail.

JPMorgan Chase: Lowered its forecast for Turkish interest rates at the end of 2026 from 37% to 35%, reflecting the decline in oil prices and the dovish stance adopted by the central bank.

Reuters poll: For the first time since 2023, more economists predict the Federal Reserve will raise interest rates rather than cut them.

Reuters survey: 78 of 102 economists surveyed expect the Federal Reserve to keep the federal funds rate unchanged at 3.50% to 3.75% in 2026. 72 of 102 economists surveyed in early June believed so.

Reuters poll: The median survey shows that the Federal Reserve will keep the federal funds rate at a range of 3.50% to 3.75% until the end of 2027 (while the survey in early June showed one rate cut).

Citigroup: Raised its target price on American Airlines (AAL.O) to $22 from $14.

Sources: Apple (AAPL.O) is working closely with Tata Group on short- and long-term measures following the incident.

Sources: Apple (AAPL.O) supplier Tata Electronics has tightened security controls and restricted employee access to internal systems after a data breach.

European Commission Spokesperson: EU Executive Vice President for Technology Sovereignty, Security and Democracy Verkunen will hold a conference call with Apple (AAPL.O) CEO Cook on Monday.

EU Energy Commissioner: The EU is not currently revising methane-related regulations.

Hungarian Finance Minister: This issue can be discussed after the fiscal standards are determined.

Hungary’s Finance Minister: The biggest challenge in meeting the criteria for joining the euro zone will be to get the fiscal deficit and government debt back on track.

Hungarian Prime Minister Maudjour: The budget deficit level is much higher than the revised target. The previous government deceived the people on budget issues.

Hungarian Finance Minister: Plans to propose 2027 budget in October.

Hungarian Finance Minister: This will be the starting point for completing the 2026 budget revision before the end of August.

Hungarian Finance Minister: The government will be briefed on the results of the budget review this weekend.

Italy's non-EU trade balance in May was 3.843 billion euros, compared with the previous value of 3.85 billion euros.

Barclays: Raised its price target on Qualcomm (QCOM.O) to $245 from $150.

Hungarian Prime Minister Maudjour: Hungary’s national recovery plan has been included in the agenda of the European Council meeting on July 10, but it needs to be approved.