英國金融行爲監管局（FCA）簡化IPO規則，以支持企業上市活動。

Institutions’ forecasts for US July ADP private payrolls (due tonight 20:15, prior +98k): range +50k to +85k, Reuters +70k. Selected forecasts: TD Securities +50k; BNP Paribas +60k; Capital Economics +60k; Deutsche Bank +60k; HSBC +62k; Sumitomo Mitsui +62k; Goldman Sachs +65k; ING +65k; Scotiabank +65k; BMO +65k; Standard Chartered +70k; PNC +72k; Mizuho +75k; Monex Group +75k; Helaba +75k; Morgan Stanley +75k; Commerzbank +85k.

TIMIRAOS reports US Treasury Secretary BESSENT’s policy reaction function has moved away from being plainly dovish. His comments this year imply the Fed should keep rates unchanged; earlier he cited models suggesting the policy rate could be about 25–100bps above neutral. On Aug. 4 BESSENT made two points: he defended Fed chair Walsh’s decision last week not to specify a policy reaction function to preserve optionality, and he also outlined a more dovish reaction function that urges ignoring recent shocks—asking what higher short-term rates will achieve and noting underlying inflation (core ex-energy) is very muted and stable, a pattern he expects to persist.