TD Securities sees the US economy likely to outperform other G7 countries over the full year.

The 18th typhoon of the year, Typhoon Saudel, strengthened from typhoon to strong typhoon at midday. At 17:00 its center was about 320 km east of Wenzhou, Zhejiang (28.5°N, 123.9°E). Maximum winds near the center 45 m/s (force 14); central pressure 950 hPa. Wind radii: force ≥7: 250–300 km; ≥10: 100–120 km; ≥12: 50–60 km. Saudel is moving west‑southwest at 10–15 km/h, with intensity steady or slightly increasing. Forecast landfall between Wenling (Zhejiang) and Xiapu (Fujian) on the morning to midday of the 28th with landfall winds 35–45 m/s (force 12–14, strong typhoon/typhoon level); strength expected to decline after landfall.

Euro area three-month annualised M3 YoY 3.2% in July, up from 3.0% previously.