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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Japan’s Finance Minister says the government continues to leave decisions on specific monetary policy measures to the BOJ.
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Japan’s Finance Minister says the upcoming economic plan has not yet been finalized with the ruling coalition and will not comment on its wording.
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Eight drones were intercepted over Erbil, Iraq’s Kurdistan counter-terrorism service says, with no casualties reported.
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Katayama says the government is monitoring financial markets and economic conditions while maintaining efforts to reduce the debt-to-GDP ratio steadily.
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Katayama says Japan will strive to prevent market confusion regarding its fiscal and monetary policy positions.
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Hong Kong tech resilience tested as South Korea’s Kospi slides into bear market - SCMP
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Volvo Cars’ Chief Commercial Officer says the U.S. market is showing some positive signs of recovery but remains challenging due to heavy tariffs and changes to electric vehicle regulations.
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Russian Defence Ministry reports that Russian forces carried out strikes on port infrastructure in Odesa and Chornomorsk, Ukraine.
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