- In Asian trading, US stock futures declined while regional shares were mixed as investors considered continued inflationary pressure and hints of progress in negotiations to avoid a debt default.
- While benchmarks in Australia, South Korea, mainland China, and Hong Kong all fell, Japanese shares rose. The dollar declined in value relative to the majority of its G10 counterparts, and Australian and New Zealand bonds fell.
- For the sixth month, China increased the amount of long-term liquidity it provided to the financial system, keeping its Medium-Term Lending Facility at 2.75%, as expected, in an effort to boost growth after a number of economic indicators showed the recovery's momentum was waning.
- Investors awaited trading in the lira with Turkey’s presidential race hanging in the balance.
