U.S. Treasury yields retreated after a surprise rise in housing starts.

Market news: Abu Dhabi National Oil Company (ADNOC) has made a preliminary offer to acquire Covestro.

Four people were killed and two were injured in an explosion at a powder factory in the Tambov region of Russia, TASS news agency said.

Baidu ( BIDU.O ) rose 1.3 percent in pre-market trading after Morgan Stanley raised its rating to overweight, raising its price target to $190 from $160.

Morgan Stanley: Baidu (BIDU.O) was upgraded to overweight, and the target stock price was raised from $160 to $190.

According to the TASS news agency: The Russian Ministry of Defense rewarded 1 million rubles to soldiers who destroyed German Leopard tanks in the battle against the Ukrainian army.

Market news: The Netherlands and Denmark will help South Africa create a $1 billion hydrogen energy fund.

Gas production in Uzbekistan fell by 9.8% year-on-year between January and May.

UBS: Lowered price target on Nike (NKE.N) to $145 from $155.

Market news: Airbus and STMicroelectronics reached an agreement on aircraft electrification.

According to sources, the Saudi sovereign wealth fund may reach an agreement with Vale in the next few weeks.

UK 2-year gilt yields fell 10 basis points to 4.98%.

US National Hurricane Center: The storm hundreds of miles southwest of the Cape Verde Islands has a 70% chance of forming a cyclone within the next 48 hours.

British Chancellor of the Exchequer Hunt: I will meet with the main mortgage lenders later this week to discuss flexibility and other measures for households who default on their payments.

Russian military: Ukrainian armed forces have continued unsuccessful attacks in three different directions over the past 24 hours.

Market news: Serbia and Hungary signed a memorandum of understanding to build an oil pipeline between the two countries.

European Commission President von der Leyen: In terms of economic security, the EU will promote its own competitiveness in Europe.