The UK economy expanded by an unexpected 0.4 per cent in July, propelled by a surge in artificial intelligence activity and tech sector growth.

New York Fed President John Williams states that the U.S. economy shows resilience with steady GDP growth. He projects inflation will begin to moderate as the Federal Reserve works toward its 2 percent target.

China's economic expansion slowed to its lowest point since the final quarter of 2022, prompting financial institutions to downgrade full-year forecasts. Policymakers are now considering fiscal interventions to address the imbalance between strong export growth and weak demand.