Fed's MUSALEM said the labor market has stabilized and the US economy has shown resilience in recent months.

Liu Xingjuan, member of the Monetary Authority of Macao executive council and chair of the Macau Central Securities Depository (MCSD), led a delegation to Shanghai Clearing House for talks chaired by Shanghai Clearing House chairman Ma Jianyang; deputy general manager Huang Ning attended. Representatives from Hong Kong Xunqing Clearing Ltd. were present. Parties discussed interconnection of onshore and offshore bond-market infrastructure and extending southbound access to include Macao’s bond market. They said they will actively implement policy measures announced by PBOC Governor Pan Gongsheng at the Hong Kong Monetary and Fixed Income Summit, leverage financial infrastructure, and deepen Mainland–Hong Kong–Macao bond-market coordination to support higher-level financial opening.

China July imports YoY 21.2%, down from 29.4% previously.