The EU proposal to cap the price of Russian gas did not receive enough support from ministers, according to Reuters.
Japan’s Prime Minister Kishida said that his government will fully support restarting nuclear reactors.
Komatsu reported a 29% yr/yr drop in August excavator demand from China.
The EU suspended its visa agreement with Russia, effective September 12.
The Bank of England postponed its next policy meeting to September 22.
China’s August CPI was down 0.1% m/m (expected 0.2%; last 0.5%) but up 2.5% yr/yr (expected 2.8%; last 2.7%). August PPI was up 2.3% yr/yr (expected 3.1%; last 4.2%). August new loans reached CNY1.25 trln (expected CNY1.48 trln; last CNY679.00 bln) and total social financing reached CNY2.43 trln (expected CNY2.08 trln; last CNY756.10 bln).
New Zealand’s August Electronic Card Sales were up 0.9% m/m (last -0.2%) and up 26.9% yr/yr (last -0.5%).
France’s June Industrial Production was down 1.6% m/m (expected -0.5%; last 1.2%).
Spain’s July Industrial Production was up 5.3% yr/yr (last 7.0%).