In Today's Digital Newspaper Turkey agreed to support Sweden's NATO bid in a breakthrough for the military alliance's push to strengthen its defenses following Russia's invasion of Ukraine. Meanwhile, Ukrainian President Volodymyr Zelenskyy scolded NATO for not setting a clear timeline on his country's bid to join the military alliance, even as its chief, Jens Stoltenberg said he will push for a fast-track process for Kyiv.
Mountain Valley Pipeline Construction blocked by Fourth Circuit. Water crossing permits issued for the Mountain Valley Pipeline have been put on holding pending an appeal by environmental groups that argue the project puts protected species at risk, according to a ruling issued Monday by the Fourth Circuit. More in Energy section.
The American Carbon Alliance was launched in Urbandale, Iowa, with the aim of harnessing the potential of carbon capture technology to strengthen the rural communities and America's agricultural economy. More in Policy section. Australia and the European Union's negotiations to conclude a free-trade agreement are at an impasse over Canberra's concerns that the bloc is offering insufficient access to the nation's agricultural exports.
MARKET FOCUS Equities today: Asian and European stock markets were mixed to firmer in overnight trading. U.S. Dow opened around 140 points higher. Wednesday brings the closely watched consumer price index reading for June, while data about wholesale inflation comes out Thursday. Most international markets rallied overnight thanks to news of more Chinese government support for the property sector and steady EU inflation data. In Asia, Japan flat. Hong Kong +1%. China +0.6%. India +0.4%.
Additionally, the SEC proposed increasing the minimum liquidity requirements for daily and weekly liquid assets to 25% and 50%, respectively. This change is anticipated to provide more robust buffers against sudden large-scale redemptions. These proposed rules were first introduced in December 2021, and the SEC is now voting on them post a period of public comments. The final rules are expected to deviate from the originally proposed versions.U.K. wage growth remains elevated.
Broadly, the Eurozone's inflation rate has dwindled to a 17-month low, registering at 5.5%. Nevertheless, key indicators are still high, with levels above the ECB's 2% target. Current interest rates within the bloc are set at 3.5%.
Source: News Formal (newsformal.com)
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