Finland's foreign ministry summoned Russia's ambassador, demanding an explanation for an alleged airspace violation.

SMBC Nikko economists say the BOJ will likely raise its policy rate from 1.00% to 1.25% at the September meeting and expect two further hikes in January and June 2027, taking the rate to 1.75%. They add import-driven inflation pressure should ease after next summer, making a 2.00% peak — above market estimates of the neutral rate — unlikely. OIS markets price an 84% chance of a September hike and imply two additional hikes by early 2027.

S&P 500 futures rose 0.5% to hit premarket highs.