According to India Today: Sheikh Hasina, who resigned as Prime Minister of Bangladesh, arrived in Hindon near New Delhi, India.

Market news: Serbia and Romania reached an agreement to jointly build a cross-border natural gas pipeline.

The Baltic Dry Index rose 0.12% to 1,677 points.

IBM (IBM.N) has launched a new generation of generative artificial intelligence-driven cybersecurity assistant for threat detection and response services.

Elon Musk has filed a lawsuit against OpenAI CEO Sam Altman, court documents show.

The ICE/Bank of America U.S. Junk Bond Index spread posted its biggest one-day gain since March 2023 amid recession fears. The ICE/Bank of America U.S. Investment Grade Corporate Bond Index option-adjusted spread posted its biggest gain since May 2023.

Shares of German transport maker Continental AG recovered most of their losses.

German transportation manufacturer Continental AG is considering spinning off and listing its automotive business unit.

Russell 2000 futures fell 4.5%.

The Reserve Bank of India has issued a draft notification on regulatory principles for credit model risk management.

German airline Lufthansa has suspended flights to Tel Aviv, Tehran and Beirut until August 12.

The Dutch TTF natural gas benchmark contract fell 5.2% to 35.17 euros per megawatt hour, while the UK intraday natural gas contract fell 5.9%.

The National Hurricane Center: Hurricane Debbie has made landfall near Stanhatch, Florida, and is expected to bring life-threatening storm surges to parts of Florida and cause severe flooding in the southeastern United States.

The ISHARES MSCI Japan ETF fell 4.5% in premarket trading.

Sources: The Destan tanker carrying Russian crude for Indian Oil Corporation has faced obstacles and has been waiting to berth since July 23.

Indian Railways Spokesperson: India suspends all train services with Bangladesh.

As concerns about a U.S. recession intensified, airline stocks fell in pre-market trading, with American Airlines Group (AAL.O) down 4.6%, United Airlines (UAL.O) down 4.0%, Spirit Airlines (SAVE.N) down 7.2% and Delta Air Lines (DAL.N) down 3.6%.

The European Commission pays Italy 11 billion euros in recovery fund payments.