Factory Orders Rebound Strongly in July

Coking Coal Prices Surge 25%, Squeezing India's Steelmakers Submitted By Charles Kennedy of OilPrice.com Indian steelmakers are reeling from a jump in coking coal prices this year that is squeezing their margins and delaying capacity expansion in the steelmaking industry, analysts and industry executives tell Reuters. India relies on imports for as much as 95% of its coking coal, or metallurgical coal, demand. Metallurgical coal is a grade of coal that is one of the essential raw materials in the steelmaking process. Also known as met coal, this type of coal contains...

Poland's Conservatives Propose Deporting Unemployed Ukrainian Men Of Military Age Authored by Thomas Brooke via Remix News, Poland’s opposition Law and Justice party (PiS) has proposed deporting Ukrainian men of military age who are living in the country without legal employment. The measure was presented by PiS MEP Tobiasz Bocheński during the party’s “Towards a New Government” policy conference and would be pursued if PiS returned to power. “It is not about deporting everyone, only those who are here, do not work legally and are of military age,” party chairman Jarosław Kaczyński told...

Futures Slide But Off Session Lows As Oil Spikes Above $100 Ahead Of Trump's 10am Hormuz Blockade Stock futures are lower, but off their worst levels of the session, as Brent crude surged 7% to over $102 after Trump ordered a blockade of the Strait of Hormuz to take place at 10am ET. The moves look relatively contained given the breakdown of US-Iran talks, with strategists saying this is a moment to buy the dip. Goldman Sachs is kicking off the earnings season shortly with earnings that missed on FICC revenue, sending the stock...