- US equity futures fluctuated before the Fed releases minutes from their last policy meeting. A selloff in Chinese assets deepened.
- US equity futures swung between gains and losses before trading little changed. Target's stock increased in early US trade as a result of the retailer's strong profit bounce, but Tesla's stock declined as a result of the automaker's second round of price reductions this week in China.
- Government bonds in the US and Europe were generally firmer, reversing a downward trend that was sparked by worries that interest rates will remain high for a longer period of time than anticipated. The pound rose when UK inflation exceeded forecasts.
- Despite numerous stimulus measures taken by the government, China's economic woes persisted, weighing on markets, with the onshore yuan slipping towards its weakest level against the dollar in 16 years and the MSCI China Index of stocks poised to reverse gains made since a crucial policy meeting in late July.
- Traders hold BoE bets steady after UK CPI. The peak seen at 6%.
