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Global Economy

Swiss KOF Summer Economic Forecasts:

News detail

Cuts 2026 GDP growth to 0.8% (prev. 1.0%) Cuts 2027 GDP growth to 1.5% (prev. 1.7%) Raises 2026 inflation forecast to 0.6% (prev. 0.3%)

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Geopolitics

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

Geopolitics

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

U.S. Economy

US ADP Employment Change (Jul) 44K vs. Exp. 70K (Prev. 98K)