Fed's Williams said default rates have stabilized at pre-pandemic levels over the past year.

U.S. President Trump said the Strait of Hormuz is open to all vessels except Iran, saying Iran's habitually deceptive leadership is driving the country toward total ruin.

National Bureau of Statistics: In June, among industrial enterprises above designated size, growth in coal-fired and hydro power generation slowed, nuclear and solar accelerated, and wind swung to a decline. Coal-fired generation rose 0.5% YoY, 1.6 ppts slower than May; hydro rose 4.8%, 8.2 ppts slower; nuclear rose 8.5%, 3.5 ppts faster; wind fell 5.6% (May: +0.5%); solar rose 14.2%, 2.1 ppts faster.