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Highlights

French telecoms group Orange increased its annual core profit growth forecast to more than 4 percent following strong half-year revenue of 20.95 billion euros. Performance was driven by growth in Africa and the Middle East while net debt rose due to the acquisition of the MasOrange venture.

Orange raises annual profit growth target to over 4 percent

French telecoms group Orange increased its annual core profit growth forecast to more than 4 percent following strong half-year revenue of 20.95 billion euros. Performance was driven by growth in Africa and the Middle East while net debt rose due to the acquisition of the MasOrange venture.

Mercedes-Benz reported a 22% increase in second-quarter operating profit to 1.5 billion euros, driven by aggressive cost-cutting and strong performance in its vans division. The automaker lowered its full-year revenue and sales guidance due to persistent market challenges in China and rising competition.

Mercedes-Benz Profit Rises as 2026 Sales Outlook Dips

Mercedes-Benz reported a 22% increase in second-quarter operating profit to 1.5 billion euros, driven by aggressive cost-cutting and strong performance in its vans division. The automaker lowered its full-year revenue and sales guidance due to persistent market challenges in China and rising competition.

Citigroup has appointed Eric Poon, Richeng Zheng, and Ying Zhou to its foreign exchange options desk in Singapore to strengthen regional risk management. The expansion follows a 17% rise in the bank's markets revenue during the second quarter of 2026.

Citi Adds Three Senior FX Options Traders in Singapore

Citigroup has appointed Eric Poon, Richeng Zheng, and Ying Zhou to its foreign exchange options desk in Singapore to strengthen regional risk management. The expansion follows a 17% rise in the bank's markets revenue during the second quarter of 2026.

Hindustan Unilever profit fell 4% to 26.31 billion rupees as rising costs squeezed margins. Sales grew to 165.14 billion rupees as rural demand improved.

Hindustan Unilever Profit Drops 4% Amid Higher Costs

Hindustan Unilever profit fell 4% to 26.31 billion rupees as rising costs squeezed margins. Sales grew to 165.14 billion rupees as rural demand improved.

Home prices in Sydney and Melbourne have fallen nearly 5% this year as rising interest rates and tax changes curb buyer demand. The downturn is impacting consumer spending and state revenue while mortgage inquiries and bank shares experience significant declines.

Australian Housing Market Slowdown Hits Economic Growth

Home prices in Sydney and Melbourne have fallen nearly 5% this year as rising interest rates and tax changes curb buyer demand. The downturn is impacting consumer spending and state revenue while mortgage inquiries and bank shares experience significant declines.

Market Overview

Nvidia has reportedly signed leases worth up to 50.2 billion dollars for Hut 8's 1-gigawatt Beacon Point campus in Texas to support large-scale AI training. The tech giant may sublease the property to partners who purchase its GPUs for AI cloud computing operations.

Nvidia reportedly signs 50 billion dollar data center deal

The French aerospace supplier reported a 29% jump in recurring operating profit to 3.24 billion euros driven by strong demand for engine spare parts. Following these results, the company increased its 2026 operating profit forecast to a range between 6.4 billion and 6.5 billion euros.

Safran raises annual targets on record first half margin

The French aerospace supplier reported a 29% jump in recurring operating profit to 3.24 billion euros driven by strong demand for engine spare parts. Following these results, the company increased its 2026 operating profit forecast to a range between 6.4 billion and 6.5 billion euros.

Spot gold fell 0.7% to $4,045.89 per ounce on Tuesday as a firm dollar made bullion more expensive for international buyers. Investors are focusing on the Federal Reserve policy meeting concluding Wednesday for clues on the interest rate outlook amid shifting market expectations for a hike.

Gold slips as markets await Federal Reserve rate signals

Spot gold fell 0.7% to $4,045.89 per ounce on Tuesday as a firm dollar made bullion more expensive for international buyers. Investors are focusing on the Federal Reserve policy meeting concluding Wednesday for clues on the interest rate outlook amid shifting market expectations for a hike.

Indian Shares Flat as Investors Await Fed Rate Decision

The Nifty 50 and Sensex remained steady as markets paused following a five-session losing streak. While Hindustan Unilever fell on lower profits, the IT sector surged as investors viewed Indian tech firms as insulated from global AI capital expenditure concerns.

Dollar Hits One-Month High on Lingering Fed Hike Hopes

The U.S. dollar remained at a one-month high on Tuesday as traders assessed a nearly 38% chance of a Federal Reserve rate hike this week. While falling oil prices eased some inflation concerns, the greenback stayed supported against the yen and euro ahead of key central bank meetings and GDP data.

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