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German Ifo Business Climate (Aug) 88.8 vs. Exp. 87.2 (Prev. 86.6)

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Germany's August Ifo Business Climate index rose to 88.8, topping market expectations of 87.2 and improving from the previous reading of 86.6.

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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