Iran's deputy parliament speaker told Iranian media Iran will respond to Ukraine's provocations in the Caspian Sea and that Kyiv will regret it.

China Central Depository & Clearing Co. (CCDC) announced fee reductions for multiple core services and a full waiver of issuance registration fees for international (Panda) bonds. The interest/payment settlement fee for outstanding interbank market bonds is discounted to 95% of the current rate, resulting in 0.475 bps of face value. Interest/payment settlement fees for Sci-Tech innovation bonds and Panda bonds are fully waived. Spot bond settlement fees for bond types and issuers not covered by existing concessions will be cut 10% to 135 yuan/transaction. Settlement fees for pledged repos, buyout repos and bond lending in the interbank market are reduced to 95%: pledged repo single-security 114 yuan/tx, pledged repo multi-security 190 yuan/tx; buyout repo 190 yuan/tx; bond lending (including cross-custodian and centralized lending) 190 yuan/tx. OTC bond transaction settlement fees are cut to 95%, set at 0.19 bps of face value with a per-transaction cap of 120 yuan. All measures take effect from Sept. 1, 2026 through Dec. 31, 2028.

Natixis Investment Management global markets strategist Mabrouk Chetouane said in a note that Fed chair Kevin Warsh is unlikely to challenge the prevailing consensus at his second MPC meeting and is unlikely to yield to pressure to hike by 25bps. Chetouane said returning inflation to target by year-end is now nearly impossible at this stage, and Warsh would avoid tightening policy if it risks reversing weeks of slow but steady labour-market improvement. Analysts broadly expect the Fed to hold on Wednesday; money markets price a 38% probability of a rate hike.