Overview

• US consumer prices rose as expected in July, with core CPI up 0.3% and the annual rate at 3.0%, driving markets to price a roughly 95% chance of a September rate cut.
• Wall Street and Asia’s Nikkei set fresh record highs, boosting sentiment that lifted the DAX by about 0.6% in premarket trading.
• President Trump extended the pause on higher US tariffs for Chinese goods until November 10, averting immediate trade escalation.
• Shares of German defence suppliers tumbled up to 6.3% on renewed hopes for a Ukraine ceasefire before the planned Trump–Putin meeting in Alaska.
• Bitcoin approached its mid-July record near $123,000 while Brent crude traded around $66 per barrel during geopolitical and tariff-related developments.