Chevron (CVX.US) reported total production of 4.07 million barrels of oil equivalent per day in the second quarter.

Iraq’s Oil Minister: Daily production is 2.7 million barrels, half is used for export, and export arrangements are currently being negotiated with Iran.

According to documents, Salesforce will lay off 74 employees at its San Francisco headquarters.

The most important data in the UK next week will be Thursday’s release of the second quarter GDP report. Deutsche Bank economists in the UK expect June GDP to decline by 0.1% month-on-month, keeping second quarter GDP growth at 0.4% quarter-on-quarter for 2026, but with increased downside risks.

The most important data release next week will be the U.S. July CPI report on Wednesday, followed by the PPI data on Thursday. Deutsche Bank's U.S. economists expect the headline consumer price index to rise 0.15% month-on-month, compared to a 0.42% decline in June; the core CPI is expected to increase 0.26% month-on-month, the same as in June. As for the PPI data, the overall PPI is expected to rise 0.22% month-on-month (previously 0.13%).