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The US core PCE price index rose 0.2% month-on-month in July, below the expected 0.20% and the previous reading of 0.10%.

The U.S. PCE price index rose 0.2% month-on-month in July, below the expected 0.10% and the previous reading of -0.10%.

U.S. real personal consumption expenditures rose 0% month-on-month in July, in line with expectations and down from 0.40% in the previous month.

U.S. personal spending rose 0.2% month-on-month in July, below the expected 0.1% and the previous month's 0.30%.

US personal income rose 0.4% month-on-month in July, below the expected 0.20% and the previous month's figure.

The revised annualized quarterly rate of US real GDP for the second quarter, the monthly rate of durable goods orders in July, the monthly rate of personal spending, and the monthly and annual rates of the core PCE price index will be released in ten minutes.

A spokesperson for the Iranian Revolutionary Guard stated: "We held negotiations with Oman about a month ago regarding the Strait of Hormuz and reached a mutually acceptable agreement. During these negotiations, the two sides reached some agreements on the share of waters in the Strait of Hormuz and the distribution of revenue between Iran and Oman. However, progress has been delayed due to interference from the United States. If the United States ceases its interference and is willing to return to the memorandum of understanding, we can open the Strait of Hormuz within the framework of what has been agreed upon; therefore, the United States must accept our conditions. If the United States does not accept our conditions, the Strait of Hormuz will absolutely not be opened."

A spokesman for the Iranian Revolutionary Guard said: "The Strait of Hormuz will not be opened if the United States does not accept our conditions."

A spokesperson for the Iranian Revolutionary Guard stated that the United States is obstructing the negotiation process between Oman and Iran, causing delays in the talks.

A Reuters poll showed that strong corporate earnings, booming AI investment, and expectations of easing tensions between the US and Iran supported optimism in US stocks. However, strategists warned that high valuations, rising leverage in the tech sector, Federal Reserve policy, and the US midterm elections could bring volatility to the market.

A Reuters poll projects the S&P 500 to reach 7,900 by the end of 2026 (up from 7,620 in the May poll). The Dow Jones Industrial Average is projected to reach 54,500 by the end of 2026 (up from 52,500 in the May poll).

German Chancellor Merz: There is a chance to see GDP growth of 1% or more in 2027.

According to the BBC: Prince Harry, his wife Meghan, and their children will return to the UK today.

German Chancellor Merz: Germany's top credit rating is not expected to change.

German Chancellor Merz: There have been no difficulties in refinancing in the capital markets, and I don’t think there will be any difficulties.

According to The Guardian, UEFA may lift its threat to boycott FIFA events.

German Finance Minister: The turmoil seen in the bond market is related to the war with Iran.

German Finance Minister: A sugar tax will be levied; I will not support any tax that applies equally to sugar-free beverages.

Meta Platforms (META.O) shares rose 1.5% in pre-market trading after reports that the company was in discussions with various U.S. states to address the harms of youth social media addiction.

German Finance Minister: Income tax reform will be proposed at the next cabinet meeting.