U.S. Vice President Vance said U.S. officials are reviewing Turkey's compliance with U.S. laws over its purchase of Russia's S-400 missile defense system.

CITIC Securities says S&P 500 and Nasdaq valuation percentiles have fallen materially from cycle highs while full-year US earnings estimates continue to be revised up, leaving valuation–earnings alignment still attractive. For H2 it recommends focusing on four sectors: technology, defense, energy infrastructure and financials (banks and fintech), with fundamentals expected to drive market action.

US energy minister Wright said innovative replenishment methods could raise the Strategic Petroleum Reserve (SPR) to 500 mln barrels.