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H&M (HMB SS) says there were pockets across product types where we had a little short supply vs demand; sees a sales uplift in stores that have been upgraded recently

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Inventory composition is considered good going into Q3. Expects higher costs for freight in Q3. Southern Europe has shown resilience in the last months, unlike central and western Europe.

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Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

Geopolitics

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday