Spanish auto industry association: Jan–Jul Tesla (TSLA.O) new-car registrations in Spain rose 19.8% YoY; overall electric vehicle registrations climbed 34.9% YoY.

A recent yen rally prompted a sell-off in Tokyo on Monday, but market participants see limited near-term earnings risk. A Bank of Japan survey of more than 800 firms found a weighted average USD/JPY assumption of 151.49; spot USD/JPY remains roughly 5 yen away from that level, providing a buffer against further yen appreciation. Daiwa Securities chief strategist Yugo Tsuboi said earnings downgrade risk should be small unless USD/JPY moves close to the 150 area, and that current yen strength alone does not appear sufficient to impair corporate profits.

On Aug. 2, President Trump said there is already an agreement on the Strait of Hormuz, that an agreement on denuclearization will be reached, and that the U.S. will hold talks with Iran on Aug. 3.