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Global Economy

German Chancellor Merz said there is no need in the short term to decide on the next ECB President and that ECB President Lagarde has performed well

StockNow breaking-news AI analysis

Chancellor Merz's support for Lagarde stabilizes ECB leadership expectations, signaling policy continuity for investors despite stagflation risks and the long-term goal of returning inflation to 2% by 2028.

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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)