Microsoft (MSFT.O): Azure West US region has experienced intermittent connectivity outages and increased latency since 14:44 UTC on July 23. Microsoft is actively investigating network connectivity and traffic-routing anomalies tied to the issue's start time.

Sources say ECB policymakers will discuss raising reserve requirements, implementing tiered deposit rates and introducing charging mechanisms; political sensitivity around ECB balance-sheet losses is intensifying.

Fidelity International euro-area economist Conor Parle said the ECB left rates unchanged at today’s meeting, but the pause is likely temporary amid rising commodity prices and renewed Middle East tensions. Natural gas had been climbing before the recent escalation as demand to rebuild below-normal inventories ahead of winter and higher imports abroad continue to support price pressure. With the euro-area economy showing resilience, Parle said the ECB is likely well positioned to raise rates by 25 bps after it updates forecasts in September, signalling continued commitment to price stability.