Market News: The Speaker of the Armenian Parliament reported that the draft peace agreement with Azerbaijan does not include the release of Armenian prisoners.

According to Interfax: The Russian Ministry of Economy has raised its growth forecast for industrial production and investment in 2024 to 4.0% and 7.8%, respectively.

Ukrainian Ministry of Energy: In the past day, Russian troops attacked energy facilities in seven regions.

Swedish police: Drone sightings led to a suspension of air traffic at Stockholm Arlanda Airport overnight.

According to Interfax: Due to the decline in imports, the Russian Ministry of Economy raised its forecast for the current account surplus in 2024 to $51.2 billion.

Luxury goods company Kering extended losses to 2.5 percent after Royal Bank of Canada and Barclays downgraded the stock.

Kuwait Petroleum Company executives: Some sour crude oil export contracts will be reduced.

According to Interfax: The Russian Ministry of Economy has raised its forecast for retail sales and wage growth in 2024 to 8.6% and 9.2%, respectively.

Shares of video game company Ubisoft fell 4.1% after investment bank Cantor downgraded its rating to "neutral."

Gazprom: Will continue to supply natural gas to Europe through Ukraine, with 41.9 million cubic meters delivered on Monday.

According to TASS: Flightradar24 reported that an Airbus A320 aircraft of flight PC389 from Moscow to Istanbul unexpectedly landed in Warsaw. The aircraft belongs to the Turkish Pegasus Airlines. No other details of the incident are available at this time.

Market news: Airbus begins buying back up to 4.254 million shares.

Panasonic Energy: Preparations for mass production of 4680 cylindrical automotive batteries have been completed. The renovated Wakayama plant will become the main plant for 4680 battery production.

According to Yonhap News Agency: South Korean President Yoon Seok-yeol will visit the Czech Republic later this month.

Citigroup cut its price target for Mercedes-Benz Group to 60 euros from 65 euros.

Citigroup cut its price target for BMW shares to 74 euros from 80 euros.

Ukrainian Air Force: Shot down six drones and two missiles in nighttime attack launched by Russia.

Bank of America: It is expected that starting in September 2024, the Federal Reserve will cut interest rates by 25 basis points at each meeting, and will slow down to a 25 basis point rate cut per quarter by March 2025.

U.S. discount retail chain Big Lots has filed for Chapter 11 bankruptcy protection in Delaware.

Goldman Sachs: Due to oversupply, oil prices are expected to face downward pressure from 2025 to 2026.