BMW (BMW GY) cuts 2026 auto EBIT margin outlook to 1-3% (prev. 4-6%); expects slight decline in auto deliveries Y/Y; guidance cut due to a faster downturn in China, intensifying competition across APAC, persistent high energy costs and consumer sentiment
MARKET UPDATE: Oil prices slide on WSJ report that the US is to allow Iran to immediately sell oil
The US will allow Iran to immediately begin selling oil and fuel under the deal to end the war, offering Tehran an early financial incentive to wind down the conflict, via WSJ citing sources
BMW (BMW GY) cuts 2026 auto EBIT margin outlook to 1-3% (prev. 4-6%); expects slight decline in auto deliveries Y/Y; guidance cut due to a faster downturn in China, intensifying competition across APAC, persistent high energy costs and consumer sentiment
L3Harris (LHX) missile arm reportedly taps banks for up to USD 2bln IPO, Bloomberg reports
US sells 6-week bills at a high rate of 3.600%, B/C 3.12x
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