President Trump said U.S. relations with Brazil are good.

JP Morgan's global head of investment strategy Grace Peters said rising bond yields are a key risk to global equities. She still expects further upside for US and European stocks this year but warned a 5–8% pullback is possible as US midterms approach in November, calling it a healthy correction rather than structural strain. Markets fear oil-driven inflation could push the 10-year UST yield to around 4.8% and toward the 5% threshold seen as adverse for equities; the 30-year yield is at a 19-year high. Traders increasingly price that policymakers may be forced to tighten further, which could push yields back toward levels seen before US Treasury Secretary Bessent expanded buyback operations to curb long-term borrowing costs.

Serbian sources said on the 2nd (local time) that Serbia will hold early parliamentary elections on Oct. 25. President Vucic is expected to dissolve the National Assembly and formally call the vote within days.