BofA cut its PT on Shell (SHEL.N) to $89 from $95.

KATAYAMA said she held a phone call with US Treasury Secretary BESSENT; the discussion briefly lifted the yen but it remains near four-decade lows. She said Tokyo and Washington have a full consensus to take bold action, including currency intervention if needed, and that bilateral cooperation and coordination have strengthened. She declined to comment on current FX levels. The roughly one-hour call, a follow-up to last week’s G7 meeting, also covered global financial-market conditions and developments around Iran and the Strait of Hormuz.

India preliminary June services PMI 57.3, vs forecast 58.8 and prior 59.8.