路透调查：69位经济学家中有55位认为欧洲央行存款利率将在2026年底达到2.50%。（7月份调查中74位经济学家中有49位持此观点）。

Capital Economics economist Marcel Thieliant said that while South Korea’s GDP faces near-term upside risks, the semiconductor-driven boom could lose momentum within two years. He expects the US AI investment surge to cool by 2028, which could prompt Korean chipmakers to pare capital spending given the sector’s cyclicality. Samsung Electronics and SK Hynix have announced a combined investment plan totaling 800 trillion won to build new fabs in southwest South Korea, but provided no timetable. Thieliant noted SK Hynix cut capex by two-thirds in 2023 after the post-pandemic electronics upswing reversed.

US July core CPI (seasonally adjusted) MoM +0.2% vs 0.20% expected; prior 0.0%.