Nikkei reports that from 2027 the Japan Defence Ministry will give contractors advance notice of planned procurement quantities to support mid- to long-term production planning; disclosures will cover ammunition, missiles and other deliverables.

Eurozone June retail sales MoM due in 10 minutes.

Argentina's foreign minister Pablo Kierno said on the 5th that Argentina's ambassador to Brazil, Daniel Raimondi, will shortly "return home on leave." The comment followed Brazil's foreign minister summoning Raimondi and announcing the Brazilian government had downgraded bilateral relations to the chargé d'affaires level and asked him to return to Argentina. The diplomatic dispute follows President Javier Milei's July 25 criticism of President Lula at a Liberal Party national congress in São Paulo and Milei's protest over a Brazilian Supreme Court judge blocking his visit to jailed ex‑president Jair Bolsonaro; Brazil recalled its ambassador to Argentina the next day in protest.