Etsy shares rose 3.1% in premarket after Rosenblatt Securities initiated coverage with a Buy rating.

Japan July exports rose 23.2% YoY, above the 19.9% forecast, marking the fifth consecutive month of acceleration and the fastest pace since Oct 2022. Semiconductor equipment exports jumped 49.1% YoY, attributed to AI-driven demand. Imports climbed 27.8% YoY (vs. 26.5% expected), the highest since Nov 2022. The trade deficit stood at ¥634.5bn, below the ¥680.0bn forecast but wider than June’s ¥409.9bn. Petroleum imports surged 87.8% YoY amid higher oil prices linked to the Iran war.

FOMC minutes showed most participants supported keeping policy rates unchanged, though several favored a rate hike.