ECB: Eurosystem TARGET2 payments system is currently experiencing an outage, disrupting payment processing.

South Korean government says site for new semiconductor cluster in the southwest has been selected.

HSBC chief economist Paul Bloxham said Australian house prices pulled back in June but that is just the start. He cited major recent changes to taxation of investment properties and three Reserve Bank of Australia rate hikes as having rapidly weakened investor demand. Bloxham forecasts national house prices could fall up to 8% from now through the end of next year and said June’s pace of decline implies downside risk. He added: "Buckle up."