News

According to Iran's Tasnim News Agency, the Yemeni armed forces will release a statement at 4:50 p.m. local time.

Near-month natural gas futures prices in the Dutch wholesale market rose 5% to €69.20 per megawatt-hour.

Hungarian Ministry of Finance: Hungary plans to reduce government debt starting in 2027.

Hungary expects its government debt-to-GDP ratio to rise from 74.6% to 77.5% by 2026.

According to CGTN: The U.S. Department of Homeland Security has proposed raising the H-1B visa fee to $100,000.

The statement indicates that Libya's National Oil Corporation has signed a production-sharing agreement with Chevron as part of a bidding round.

U.S. Trade Representative Greer: I will meet with the Mexican delegation this week to discuss trade issues.

According to Reuters: Sources say the U.S. Treasury Department will impose secondary sanctions on any activity involving specific sectors of Iranian society.

According to Reuters, sources say the U.S. Treasury Department is expected to announce an expansion of secondary sanctions against countries and entities that do business with Iran.

U.S. Trade Representative Greer: Mexico is constructive on trade.

The Chicago Fed National Activity Index for July was -0.08, revised from -0.02 to 0.06 in the previous month.

U.S. Trade Representative Greer: I communicate with U.S. Commerce Secretary Lutnick every day.

U.S. Trade Representative Greer: Heavy-duty trucks are one of many things Canada wants.

Deutsche Bank points out that Nvidia's earnings reports have become macroeconomic events approaching the levels of non-farm payrolls and CPI in recent years, but the market's sensitivity to "continued better-than-expected demand" is declining. In recent quarters, Nvidia's positive earnings surprises have been smaller than in 2023-2024, and its stock price fell the day after each of the last four earnings reports. Meanwhile, the report cites Bloomberg reports that some of Nvidia's major customers have been informed that servers equipped with its AI chips will face price increases. Deutsche Bank sees this change as another sign that AI may have an inflationary effect: AI investment can improve productivity and supply capacity, and the rapidly expanding demand for computing power may also create new cost pressures through the prices of capital goods such as servers. Therefore, the focus of Nvidia's earnings reports in the next phase will further expand from "whether the order book is strong enough" to price, cost, and profit distribution in the supply chain. Continued growth in AI capital expenditure still validates demand, but if server prices continue to rise, the market will begin to reassess the impact of this round of AI construction on corporate costs and inflation.

The statement indicates that Avinor, a state-owned company under the Norwegian Ministry of Transport and Communications, has confirmed that the strike has ended.

U.S. Trade Representative Greer: Our trade policy will proceed as planned.

U.S. Trade Representative Greer: Canada has had the best access to the United States; for Canada, political reasons are an important factor.

U.S. Trade Representative Greer: (Regarding the reasons for the failure of U.S.-Canada negotiations) Canada wanted more.

Pinduoduo (PDD.O): We expect the changes in EU tariffs to have a significant impact on our cross-border business in the short term.

Morgan Stanley lowered its price target for HP (HPQ.N) from $19.00 to $17.00.