U.S. Bureau of Labor Statistics: In July the shelter inflation index rose 0.1% MoM, accounting for about two-thirds of that month’s overall CPI increase. The food index rose 0.1% MoM, with food away from home up 0.3% MoM. The energy index fell 1.5% MoM.

A senior White House economic adviser and a former administration official said President TRUMP is seeking new policy pledges ahead of the midterms that could include calling on Congress to cut the capital gains tax and creating an exclusion for certain home sales. HASSETT said TRUMP wants additional incentives to secure voter support in November. Former NEC director Larry Kudlow, a TRUMP ally, said he recently discussed indexing capital gains to inflation so gains would be taxed after inflation adjustment, and proposed exempting home sales of $2 million or less from capital gains tax, adding TRUMP is "very interested".

Zhenro Properties (06158.HK) has proposed restructuring nine onshore corporate bonds and asset-backed securities totaling 6.614 bln yuan; bondholder meetings are scheduled Aug 13–27 to vote on the plan and procedural waivers. Under the extension option, using July 31, 2026 as the base date, all outstanding principal would have its maturity extended by 8.5 years to a new final maturity of Jan 31, 2035. From the base date, capitalized interest would no longer be treated as principal; remaining principal would accrue simple interest at 1.0% p.a., with interest paid when principal is repaid. Principal would be repaid in eight installments between Apr 30, 2033 and Jan 31, 2035 in proportions of 5%, 5%, 10%, 10%, 15%, 15%, 20% and 20%; each installment would also settle interest accrued to the base date and subsequent interest for that tranche. The proposal reportedly also offers alternative options, including a buyback at 8% of remaining face value.