July 2020

China's GDP will return to pre-coronavirus levels by the end of the year, faster than any other major economy.

U.S. Total industrial production rose 5.4 percent in June after increasing 1.4 percent in May

The euro was last trading 0.1% down at $1.1401

Woodside decided to reduce its planned expenditure in 2020 by around 50% to AUD2.4bn (US$1.5bn)

Brent up 35 cents, or 0.8%, at $43.25 a barrel, WTI rose 38 cents, or 0.1%, to $40.67 a barrel.

In 2021, oil demand is forecast to partially recover from the current year to show historic high growth of 7.0 mb/d.

OPEC+ sources have said no recommendations have been made to prolong record cuts into August

Spot gold was little changed at $1,808.85 per ounce by 0658 GMT. U.S. gold futures eased 0.2% to $1,808.40.

In April and May, Russian companies sold abroad 65.4 tons of gold for $3.55 billion while energy corporation Gazprom, holding a monopoly for delivery of natural gas to foreign countries, earned $2.4 billion over the same period.

Gazprom's expectations for its realized European gas price for the year were also unchanged.