US July labor force participation rate 61.4%, consensus 61.6%, prior 61.5%.

菲律賓經濟部長：通脹將呈持續下降趨勢。

The China Securities Association issued Management Rules for Securities Firms’ Bond Investment Advisory Business, setting a six-month transition and taking effect Feb. 5, 2027. Firms must establish scientific, reasonable compensation and performance-evaluation systems that emphasize compliance in business conduct and client satisfaction. Firms must include cases where bond advisers fail to exercise due diligence or prudence — causing material risk or client complaints — in staff assessments. The rules prohibit using client excess returns directly as a performance metric for bond investment-advisory personnel.