Colombian President De la Espriella on the 12th (local time) declared an economic emergency following a major earthquake. The measure is aimed at speeding relief to affected residents, reallocating resources for reconstruction and includes measures to revive the economy.

CITIC Securities said in a research note that July US CPI met expectations, core inflation remained mild and second‑round effects were weak, easing inflation risks. The firm judges US inflation is not highly sticky and expects headline CPI YoY to continue moderating through Q3, trough in September, rebound slightly in Q4 and then fall rapidly by March next year. CITIC still forecasts the Fed will keep policy unchanged this year and sees further room for derivatives to reprice lower on rate‑hike expectations.

Google (GOOG.O) launches Pixel 11 Pro Fold.