WTI crude oil surged 7% intraday, breaking above $93/barrel; Brent crude rose over 5% to $95.31/barrel.

Asian equities gain following upbeat U.S. technology earnings, with crude oil prices reaching their highest level in six weeks.

French Prime Minister Lecornu stated he is not too optimistic that France can meet its 2026 budget goal.

Santander reported Q2 2026 net income of EUR 3.52 billion against an estimate of EUR 3.33 billion, net loan-loss provisions of EUR 3.35 billion versus an estimate of EUR 3.28 billion, and net interest income of EUR 11.69 billion versus an estimate of EUR 11.4 billion.

President Trump said he would handle a possible Red Sea blockade if it occurs.

Euro zone banks tightened credit access due to war fears.

German July ZEW investor expectations rose to 26.3, well above the estimate of 15.3.

European shares ticked lower as investors assessed US-Iran tensions and awaited looming tech earnings.

European shares are muted as markets assess US-Iran tensions and await tech earnings.

Eurozone construction output rose 0.4% month-on-month in May, down from a revised 0.6% in April, and increased 1.2% year-on-year versus 0.9% previously.

ECB survey shows inflation expectations at the one, three, and five-year horizons remained largely stable.

Europe's heatwave is escalating into an energy crisis.

European stock futures slipped with Euro Stoxx 50 down 0.13%, DAX off 0.18%, and FTSE losing 0.31%.

Russia launched a major ballistic missile attack on Kyiv, while NATO's military chief warned Moscow would suffer significant losses if it attacked the Baltics.

Washington is pressuring the European Union to announce a rollback of import rules, according to the Financial Times.

Germany and France are accelerating defense cooperation to bolster Europe's security amid tensions over Ukraine.

The Atlanta Fed GDPNow model maintained its forecast for US Q2 2026 real GDP growth at 1.7%.

The European Union unveiled a banking revamp to counter the deregulation push by the Trump administration.

The European Commission proposes lowering the Emissions Trading System linear reduction factor to 3.1% from 2031-2035 and 1.7% from 2036, down from the current 4.3%.