Live news updates from July 28: Xi warns Biden on Taiwan, US enters technical recession


Russia: The Hungarian overseas minister Peter Szijjarto will go to Russia, the place he’ll meet his counterpart Sergei Lavrov and the Russian deputy prime minister Alexander Novak. Hungary has requested considerably elevated fuel deliveries from Moscow. Meanwhile, authorized proceedings will happen towards WhatsApp and Snapchat for the tech firms’ alleged refusal to localise the info of Russian residents.

Economic news: Germany releases preliminary client worth index information. France is to publish client confidence figures.

UK: The twenty second Commonwealth Games begins in Birmingham. Meanwhile, the most recent extension by the UK central authorities to Transport for London’s short-term post-lockdown funding expires. The Society of Motor Manufacturers and Traders launch month-to-month car and engine manufacturing figures and the British Film Institute publishes a breakdown of the quantity and spend of UK-produced movies within the second quarter.

Barclays: The British financial institution publishes outcomes for the primary half. In April, Barclays mentioned income fell 18 per cent within the first quarter and the financial institution needed to delay a promised £1bn stock buyback following a leap in litigation.

Corporate earnings: ArcelorMittal, BAE Systems, Banco Santander, BT Group, Centrica, CMC Markets, Co-operative Bank, CVS Group, Diageo, Enel, Hammerson, JCDecaux, L’Oréal, Leonardo, Nestlé, OMV, Orange, Relx, Rentokil Initial, Repsol, Royal Dutch Shell, Sanofi-Aventis, Schroders, Segro, Smith & Nephew, St James’s Place Wealth Management, Stellantis, STMicroelectronics, Total, Vivendi, Volkswagen and Weir Group publish earnings.

Markets: Futures for the Euro Stoxx 50 and the FTSE 100 have been up 0.6 per cent and 0.2 per cent, respectively. Asian shares adopted the US greater after the Federal Reserve bumped up rates of interest by 0.75 proportion factors however signalled it may quickly sluggish the tempo of its will increase.

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