Profits

ICL reported strong Q2 results, with operating profit rising 47% to $266 million and net profit jumping 47% to $137 million. The growth was driven by higher potash prices and increased sales volumes.

ExxonMobil and Chevron, the two largest US oil companies, reported massive second-quarter profits following a surge in global oil prices driven by the war between the US and Iran.

Major US banks are reporting strong quarterly data, but investors are questioning whether this represents a sustainable trend or a temporary peak. Swiss bank Lombard Odier provides an analysis.