The German Chancellor spoke with the Iranian President and called for avoiding further military escalation in the Middle East.

Neto, President of the Central Bank of Brazil: We are beginning to see a slowdown in the U.S. economy, but we believe that a stronger slowdown in the U.S. economy is unlikely.

The U.S. dollar against the Japanese yen USD/JPY rose more than 1.00% during the day, hitting an intraday high of 148.15 at one point.

The US envoy said Sudan talks in Geneva would continue to advance this week.

Neto, President of the Central Bank of Brazil: Global inflation convergence seems to be at a slower stage. Japan has entered a monetary policy process that is different from what we have seen for a long time, which has led to increased market volatility recently.

House Freedom Caucus: Stopgap spending bill should only extend through early 2025.

U.S. House Freedom Caucus: Should work to pass all spending bills.

According to the Times of Israel: Sources say Hamas is convinced that the new ceasefire negotiations are intended to avoid an Iranian attack.

IMF: Caution needed before Poland resumes rate cuts.

According to TASS: Russian President Vladimir Putin will hold talks with Palestinian President Mahmoud Abbas on August 13.

The Baltic Dry Index fell 0.9% to 1,655 points.

Russian President Vladimir Putin: Russia will respond to attack on Ukraine.

Russian President Vladimir Putin: Ukraine is trying to intimidate Russian society and undermine social stability.

Russian President Vladimir Putin: Ukraine is trying to slow down our advance on other fronts. Russian troops are advancing along the front.

Russian President Vladimir Putin: Ukraine appears to be seeking to improve its negotiating position.

Russian President Vladimir Putin ordered his defense minister to expel the enemy from Russian territory.

According to a survey by the Central Bank of Brazil: Brazilian economists expect the SELIC interest rate to be 10.50% at the end of 2024, which is consistent with previous forecasts; GDP is expected to grow by 2.20% in 2024, which is consistent with previous forecasts.

According to the Russian Ministry of Defense: Russian troops repelled seven attacks by Ukrainian armed groups in the Kursk region in one day.

Market News: A rocket was fired from the southern Gaza Strip into the Israeli border community of Ein Hashlosha, triggering alarm.