Global oil-demand growth is still forecast to slow to under a million barrels a day this year and next, with a continued slowdown in Chinese consumption weighing on the outlook, the IEA said.
U.K. wage growth cooled in the three months to June, reassuring news for the Bank of England as it battles inflation, though persistent tightness in the labor market could give its rate setters pause when considering interest-rate cuts in the coming months.
Henkel posted higher first-half profits and sales, in line with previously released preliminary figures, with growth driven by a 4% sales rise at its consumer brands business.
Brenntag lowered its full-year profit forecast following sustained pressure on industrial chemical prices, and reported lower earnings and revenue for the second quarter.
