PHILIPPINE C.BANK governor said that, given the observed slowdown in economic growth, the bank can take a more moderate approach to containing inf.

Baltic Dry Index (BDI) fell for a fourth session, down 95 points (3.2%) to 2,844 after touching its highest level since June 3 last Friday. Capesize index (BCI) dropped 243 points (5.2%) to 4,469; capesize daily earnings fell $2,212 to $37,025 — capesizes typically carry about 150,000 tonnes of iron ore and coal. Panamax index (BPI) slipped 40 points (1.7%) to 2,262; panamax daily earnings declined $355 to $20,361, ending a 10-session rally. Supramax index (BSI) rose 10 points (0.6%) to 1,613. Handysize index (BHSI) eased 2 points to 865.

White House announces President Trump will impose 100% ad valorem tariffs on drones of certain sizes or with sensitive capabilities.