Zelenskiy said his meeting with Trump was very successful and that he discussed a production license for Patriot missiles with Putin.

Indian software stocks could register their largest monthly outperformance versus global chip shares: the NIFTY IT index of 10 Indian software exporters is up 16% month-to-date while the MSCI Global Semiconductors & Equipment Index is down 13% over the same period. The divergence indicates a rotation away from AI-driven chip trades into previously battered Indian IT services. South Korea’s KOSPI, viewed as a barometer for global semiconductors and AI investment, is over 30% below mid-June highs. Jefferies last week upgraded the India IT sector to Neutral and said a reversal in AI flows could trigger a temporary rally in the industry.

Meta Platforms and BlackRock will jointly invest in and own a data-center campus under construction in El Paso, Texas, with 1 GW of compute capacity and estimated development costs of about $14 billion. BlackRock-managed funds will hold an 80% stake and Meta 20%; both parties will fund their proportional shares of campus construction and long-term power, cooling and communications infrastructure. Meta will provide construction, administrative and facilities management and will be the campus' initial sole user. The deal is expected to close within days and the campus is slated to begin operations in 2028; Meta says the El Paso project is part of more than $10 billion of its investments. Peak construction employment will exceed 4,000 with roughly 300 operations jobs; more than 2,300 workers are on site now.