What are the main events for today?

• Economists identify a chain of interlocking global risks for the second half of 2026, with the fragile peace between the US and Iran serving as the primary volatility factor. • Oxford Economics predicts central banks will be more dovish than markets expect, unless supply stress occurs in AI-input prices or shipping through the Strait of Hormuz is disrupted.

• Logistea reported a 27% increase in profit for Q2 2026, alongside acquisitions totaling 1.7 billion SEK. • The company's revenue remains heavily concentrated in the Nordics, with 94% of net operating income (NOI) coming from Sweden (57%), Norway (23%), Denmark (6%), and Finland (5%).

• The Federal Reserve's rate-setting committee decided to keep its key interest rate unchanged during its most recent meeting. • Officials remain deeply divided on the future of U.S. inflation, debating whether it will stay elevated or cool down following the conclusion of the Iran war.

• Asian stock markets rose, with the MSCI Asia Pacific Index climbing 0.5% driven by a rally in semiconductor shares. • South Korean and Japanese equities saw gains, while Brent crude oil prices advanced amid renewed geopolitical tensions between the US and Iran.

• The Indian stock market experienced a significant crash on Wednesday, with both the BSE Sensex and Nifty50 benchmark indices tumbling by over 2%. • Investors lost approximately Rs 8 lakh crore in market value during the sell-off, described as a "bloodbath" on Dalal Street.

• South Korea's KOSPI index saw a modest rebound on Thursday following a period of steep selloffs. • The recovery was driven by strong investor demand for SK Hynix's oversubscribed Nasdaq listing, which restored confidence in the battered semiconductor sector.

• Asian stock markets rose on Thursday, driven primarily by a recovery in semiconductor shares following a period of heavy selling. • Oil prices surged as hostilities resumed in the Gulf region, sparking renewed concerns over global inflation and negatively impacting bond markets.

• Global stock markets tumbled by over 2% following a sharp surge in oil prices and escalating geopolitical tensions between the U.S. and Iran. • Asian markets were hit particularly hard, with South Korea’s Kospi plunging 5.35% and Japan’s Nikkei 225 declining 2.11%, while Shanghai’s SSE Composite dipped 0.49%.

• Asian stock markets generally declined and oil prices rose following an escalation in conflict between Iran and the U.S. • Key market movements included Hong Kong’s Hang Seng dropping 0.8% to 24,011.61 and Australia’s S&P/ASX 200 falling 0.5% to 8,745.20.

• Oil prices surged by more than 3% following U.S. military strikes on Iran, triggering volatility across global energy markets. • Asian stock markets reacted with mixed results, as Hong Kong's Hang Seng rose 2.9% to 24,178.30 and Taiwan's Taiex climbed 0.6%.

• Tesco is selling its Central European arm, specifically its operations in Hungary, due to narrow profit margins of 2.5% compared to 4.7% in its home market. • The exit is driven by a Hungarian government decree that caps margins, making the business financially unattractive for Tesco.