China's ChiNext index turned negative in the afternoon after rising more than 1% in the morning.

An 83% majority of 69 economists polled expect the ECB to raise the deposit facility rate by 25bps to 2.50% in September; 80% expect the rate to remain at 2.50% through year‑end and 63% expect it to stay at or above 2.50% until Q3 2027. The share anticipating a September hike rose to 83% from 72% before July’s meeting and 65% in June, reinforcing consensus that June’s increase could be followed by another move. Nomura says sustained higher oil prices raise the risk of second‑round inflation effects; while the ECB can wait to see those effects it can also act preemptively, and a single small hike would look like a mere tweak—making a follow‑up move likely. Given June’s obvious choice, Nomura judges another rate rise highly likely.

Saskatchewan premier said negotiations between Canada and the United States have visibly intensified in recent weeks as the Aug. 19 tariff deadline approaches.