Canadian Dollar holds near one-month top as bullish oil offsets Fed hike bets and firm USD - FX
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Volvo Car Q2 Earnings:

- Revenue: SEK 77.67B (est SEK 82.58B)
- Operating Income: SEK 826M (est SEK 1.28B)
- EBIT Margin: 1.1% (est 1.42%)
- Retail Sales: -6%
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Taiwan shares slide over 6%, extending market losses.
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Hong Kong’s technology benchmark declines almost 5% amid broad market weakness.
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Indonesia’s rupiah appreciates to 17,935 per dollar, reaching its strongest level in nearly three weeks.
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China’s benchmark Shanghai Composite drops under the 3,800-point level, extending losses beyond 2%.
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Jordan’s armed forces say they intercepted three Iranian missiles aimed at the country, with no injuries or damage reported.
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Volvo reports a SEK 1.2 billion hit from U.S. tariffs in Q2 2026.
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Volvo says China’s truck market posted 14% annual growth compared with the prior year.
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Volvo reports an 18% year-over-year drop in North American retail truck sales through May.
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China and Pakistan urge a ceasefire and renewed negotiations between Washington and Tehran, China’s Foreign Ministry says.
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China’s Foreign Minister says all parties should abide by the ceasefire MOU and fulfill their stated commitments, the ministry statement says.
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Danske Bank Q2 Earnings:
- Total Income: DKK 15.16B (est DKK 14.69B)
- Net Income: DKK 6.20B (est DKK 5.98B)
- Pretax Profit: DKK 8.35B (est DKK 8.01B)
- Net Interest Income: DKK 9.33B (est DKK 9.47B)
- Net Fee & Commission Income: DKK 4.06B
- Impairments: DKK 291M
- CET1 Ratio: 17.0% (est 17.1%)
- Sees FY Total Income Somewhat Above DKK 59B
- Sees FY Net Income: DKK 23B To DKK 25B, Saw DKK 22B To DKK 24B
- Still Sees FY Total Costs: DKK 26B To DKK 26.5B
- Still Sees FY Impairments: About DKK 1B
- Says Good Customer Activity, Lending Growth And Strong Credit Quality
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Iranian state media reports that the IRGC targeted a U.S. maritime surveillance radar in Oman.
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META PLANS TO HIRE TOP AMAZON COMPUTING EXECUTIVE AS IT WEIGHS CLOUD PUSH - WSJ
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Volvo Cars CEO says there is no expected further delay to the Košice factory in Slovakia, adding that Ghent operations will not affect Slovakia plans and expressing confidence in plant utilisation.
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Gold struggles near monthly low as inflation fears fuel Fed hike bets and support USD - FX
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Eurozone, German, and UK equity futures weaken, falling 0.87%, 0.66%, and 0.37% respectively.
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Volvo Cars CEO says the stronger-than-expected decline in the Chinese market has had a negative impact on the company’s financial results.
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Japan’s Finance Minister Katayama says rates are set by market movements.
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Japan’s Finance Minister says monetary policy remains the responsibility of the BOJ.
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