UAE's Foreign Trade Minister says they are moving toward have zero Hormuz dependency, regardless of whether it is open or not, Bloomberg reports

[MARKET ANALYSIS] Mixed trade for fixed paper, Gilts lead following steady UK inflation which ease hawkish fears

"An informed source: Bloomberg's alleged text about the [US-Iran] memorandum is not accurate", Tasnim reports; adds that "The text of the memorandum, based on the agreement of the parties, will not be published after it is signed on Friday".

UAE's Foreign Trade Minister says they are moving toward have zero Hormuz dependency, regardless of whether it is open or not, Bloomberg reports

TotalEnergies (TTE FP) says its Saudi Arabian refinery was hit by three drones, still only running at 70% and "probably" will not be repaired until early 2027

[MARKET ANALYSIS] European bourses mixed, BMW GY cutting guidance weighs on auto sector; NQ outperforms following INTC update