📈Morning Headlines📰

[TradingPuzzles]

MARKET VIEW
🟢Euro STOXX 50 futures were down 1 point at 5,480, FTSE futures lost 21 points to 9,283.5, and German DAX futures gained 22 points to 23,840, by 0430 GMT.​

🟢Japan's Nikkei share average rose, as investors scooped up cheap shares, betting on the potential for further market gains.​

🟢Oil prices eased in Asian trade, retreating from a seven-week high reached in the prior session as some investors took money off the table due to uncertainty around the supply-demand outlook.

GLOBAL TOP NEWS
🟢Donald Trump's comments backing Kyiv to regain all of its territory from Russia have sparked a mixture of relief and suspicion that the U.S. president is ready to leave Europe more to its own devices in supporting Ukraine.

🟢Group of Seven (G7) members and the European Union are considering price floors to promote rare earth production, as well as taxes on some Chinese exports to incentivise investment, four sources with knowledge of the discussions told Reuters.

🟢President Donald Trump's administration said on Wednesday it was formally implementing the U.S. trade agreement with the European Union, confirming that a 15% duty rate for EU autos and auto parts began on August 1 and listing tariff exemptions for generic pharmaceuticals, aircraft and aircraft parts.​

🟢An Israeli airstrike near a market in Gaza City killed nearly two dozen Palestinians, according to a Palestinian rescue service. The Israeli military said it had hit two “Hamas terrorists.”

[EmTeam]

U.S. president is ready to leave Europe more to its own devices in supporting Ukraine.🫡

[Nahid10]

Oil prices eased in Asian trade, retreating from a seven-week high reached in the prior session as some investors took money off the table due to uncertainty around the supply-demand outlook.