Argentina's economy minister said the government approved a $6.4 billion investment incentive package for Tecpetrol's Los Toldos II oil project in the Vaca Muerta shale basin.

美联储会议纪要：部分与会者表示，充足准备金制度帮助美联储在两次会议之间发生的短暂支付系统故障期间，维持市场有序运行。

Huatai Securities says July’s summer travel season and a decline in jet-fuel ex-factory prices prompted airlines to add capacity. Combined for Air China, China Eastern, China Southern, Spring Airlines and Juneyao, ASK and RPK rose YoY 4.6% and 7.8% (June: ASK -2.5%, RPK -1.7%); load factor climbed 2.6ppt to 86.2%. Volume growth has been accompanied by weak pricing: domestic fares including fuel surcharge in weeks 27–31 (Jun 29–Aug 2) fell 3.2% YoY (vs Jun 1–28 +11.5%). Early August (weeks 32–33, Aug 3–16) fares improved 2.6% YoY, but Huatai says the low base means the summer peak has not produced a clear seasonality-driven boost and sector attention remains limited. The firm will monitor international oil and high-frequency data; it remains constructive on a mid- to long-term industry recovery and says left-side positioning offers relatively high cost-effectiveness.