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Audi (VOW3 GY) says it sees operating margin between 6-8% in 2026 (vs 5.1% in 2025); says US tariff hit results by EUR 1.2bln in 2025

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Says deliberations on possible US plant with Volkswagen continue this year Sales of E5 Sportback is below expectations in the first two months of the year

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Geopolitics

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

U.S. Economy

US ADP Employment Change (Jul) 44K vs. Exp. 70K (Prev. 98K)