Bank Indonesia governor said the central bank is working to keep the rupiah stable while monitoring spillovers to inflation.

The UAE Ministry of Defense said two ballistic missiles launched by Iran were aimed at maritime traffic.

US housing starts slowed in July, falling 12.4% to a 1.24 mln annualized pace versus a 1.35 mln survey expectation. Single-family starts dropped 9.9% to 808k, the lowest since November 2022. Multifamily starts fell nearly 17% after a prior surge. The pullback highlights difficulty for the US housing market to regain momentum amid rising mortgage rates since the Iran war outbreak and elevated home prices. Residential investment made a small positive contribution to Q2 GDP — the first in 2024 — but gains were modest. Outlook for starts remains unclear.