China's July exports totaled CNY 2.7125 trillion, down from CNY 2.8207 trillion previously.

Initial jobless claims in the US rose slightly to 199,000 in the week ending Aug. 1, remaining below 200,000 for a third straight week and pushing the four-week moving average to its lowest level since Sep. 2022, the Labor Department said Thursday. Continued claims increased to 1.8 million, roughly in line with expectations. Economists expect Friday's July nonfarm payrolls to show continued healthy job growth, citing ongoing consumer spending as support for activity.

Federal Reserve's MUSALEM said the labor market appears to be performing strongly.