China's rural road fixed-asset investment totaled 144.3 bln yuan in Jan–Jun. Authorities increased rural transport infrastructure spending, prioritizing targeted network gap-filling, improved inter-road connectivity, safety rectification and quality upgrades to move rural roads from basic access toward higher standards.

Kevin Warsh said it is inaccurate to characterize him as favoring the Dallas Fed's trimmed-mean inflation gauge.

Australia is set to record its smallest wine-grape crush in over 25 years as weak demand and extreme weather curb output, the Australian Wine Association said. The association expects the 2026 wine-grape crush at 1.27 mln tonnes, down 19% YoY and roughly 25% below the 10-year average; annual wine value is forecast to fall 26% YoY to A$837 mln. Respondents to a national vintage survey reported late frosts, heatwaves and floods across multiple regions. The group flagged a fourth consecutive season below the long-term average, saying grape supply is undergoing a structural adjustment to changing global demand. Global listed beverage producers’ market capitalisation has fallen about $800 bln over the past five years.