Fars News Agency reported Bulgaria said a Ukrainian drone this morning attacked the Trans‑Balkan gas pipeline, which carries Russian gas to Europe via Turkey.

At 18:00 on Aug 8 the Ministry of Water Resources and the China Meteorological Administration issued a red-level mountain-flood meteorological warning for 23 contiguous counties in Zhejiang. At 20:00 the Ministry upgraded Zhejiang's flood-defense emergency response from Level IV to Level III under its flood-drought emergency response procedures, directing local water authorities to closely monitor rainfall and river conditions, strengthen monitoring/forecasting/warning, and conduct rolling joint analysis. The Ministry ordered enforcement of five evacuation responsibilities—who organizes, who moves, when to move, where to move, and no unauthorized returns—and prioritized evacuations and protection plans for water-linked tourist sites, eldercare institutions, resorts and farm stays, construction camps, and flood-prone roads. A Ministry working group has been dispatched to the typhoon, heavy-rain and flood defense frontline in Zhejiang to assist and advise local authorities.

Markets expect US CPI, after June's -0.4% MoM, to rise 0.1% MoM in July. Core CPI ex-food and energy is forecast +0.2% MoM and +2.5% YoY, the smallest YoY gain since February. Following Friday's weak July nonfarm payrolls, slower inflation could help ease Fed inflation concerns; three officials voted to raise rates at the July 29 meeting. The report may show energy-price pressure has cooled after surging in the months following late‑February US‑Iran hostilities; retail gasoline fell to a near four‑month low in early July before rising above $4/gal by month‑end. It may also show airfares declined as jet‑fuel costs stabilized.