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Global EconomyIMPORTANT

German Ifo Current Conditions (Aug) 88.5 vs. Exp. 87 (Prev. 86.5)

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German economic sentiment and current conditions improved in August, supported by strong exports and infrastructure spending despite energy costs and Rhine transport risks.

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Geopolitics

Pakistan has reported "significant progress" in high-level diplomatic talks held in Tehran, aimed at de-escalating the ongoing US-Iran war, Iran's Press TV reports

Geopolitics

A senior Iranian official told Al Jazeera journalist that the talks with [Iran and] Pakistani Field Marshal Munir were constructive, with useful ideas exchanged, "though no messages were passed in either direction"

Geopolitics

Pakistani Army Chief Munir conveyed an offer to Iran, from the US, to halt the siege and lift sanctions under the MOU, in exchange for opening the Strait of Hormuz and stopping proxy attacks, Al Arabiya/Al Hadath sources report