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Global Economy

Brazil Government says it reserves the right to resort to its reciporicty law against unjust trade practices; as agreed between Lula and Trump; negotiations are underway

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USTR recommendation would affect c. 21% of Brazil's exports to the US.

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U.S. Markets

Eli Lilly (LLY) Q2 2026 (USD): Adj. EPS 8.38 (exp. 6.01), Revenue 23bln (exp. 20.7bln)

LLYGeopolitics

Pakistani sources say Pakistan PM Sharif and Army Chief Munir will visit Saudi Arabia tomorrow, Al Hadath reports

U.S. Economy

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