U.S. Senate Majority Leader Schumer: Everyone agrees that the government must play a role in the field of artificial intelligence.

Financial website Forexlive commented on the monthly rate of U.S. business inventories in July: Inventories in most parts of the United States are very low because people had expected an economic recession. The question is whether they will continue to reduce inventories or increase inventories in anticipation of an eventual recession.

Musk talks about meeting with Israeli Prime Minister Netanyahu: The meeting was planned a few weeks ago and the topic was artificial intelligence.

The S&P 500 Bank Index rose 1.66%.

The European Central Bank forecasts a euro-to-dollar exchange rate of $1.09 in 2023, 2024 and 2025.

The European Central Bank predicts that Brent crude oil prices will be US$82.7/barrel in 2023 and US$77.9/barrel in 2025.

The Czech Central Bank lowered the countercyclical interest rate from 2.25% to 2%.

European Central Bank President Lagarde: The Eurozone is in a period of slow and sluggish growth.

U.S. officials said “significant amounts” of U.S. dollars were being misused for illegal activities and to evade Iranian sanctions.

[HSBC: The risk of recession in the euro zone suggests the European Central Bank will not raise interest rates again] HSBC Asset Management strategist Hussain Mehdi said that with the euro zone teetering on the edge of recession, the European Central Bank is unlikely to further extend its interest rate hike cycle. The European Central Bank once again raised its core interest rate and raised the deposit rate to 4.0%. However, it also significantly lowered its economic growth forecast for the next three years, pointing out the inhibitory effect of tightening policies. Mehdi said that leading indicators such as manufacturing surveys also show that the euro zone is entering a recession; core inflation is also slowing. "We believe this is likely to be the last rate hike by the European Central Bank."

European Central Bank President Lagarde: Policy transmission is faster than in previous interest rate hike cycles.

According to the Wall Street Journal: The United States plans to sanction dozens of companies and individuals accused of helping Russia.

European Central Bank President Lagarde: The focus is expected to turn to the duration of high interest rates.