Nvidia delivered another exceptionally strong quarter as demand for artificial intelligence infrastructure continued to expand. The chipmaker exceeded Wall Street revenue expectations for the 16th consecutive quarter, reinforcing its position at the center of the global AI investment cycle.

The latest U.S. PCE data showed signs that household demand is losing momentum. Personal consumption rose just 0.2% in July, while real spending was flat after inflation, suggesting higher prices are increasingly limiting purchasing power.

The US Treasury is expanding its presence in the long-term bond market as borrowing costs stay high.

Trade tensions between the United States and Canada are increasing as negotiations struggle to produce an agreement. Washington continues to threaten higher tariffs, while Ottawa is showing little willingness to make major concessions in strategically important sectors.

US equities fell to two-week lows as renewed pressure in the Treasury market weighed on risk appetite. The 10-year Treasury yield traded near 4.70%, while the 30-year yield reached 5.244%, increasing concerns over borrowing costs and equity valuations.

UK inflation accelerated in July as higher household energy costs pushed consumer prices higher.

The US labor market is showing a growing divide between weaker hiring and persistently low layoffs. Companies appear increasingly cautious about expanding their workforces, but there is still little evidence of widespread job cuts.

This combination points to a gradual cooling in employment conditions rather than a sharp deterioration.

US producer inflation showed further signs of easing in July, adding to expectations that the Federal Reserve may have more flexibility to keep interest rates unchanged. The Producer Price Index (PPI) for final demand was flat month-on-month, coming in below market forecasts.