๐ The longest highway in Africa, the Tiznit-Dakhla road, has been named after Donald Trump, as announced by King Mohammed VI of Morocco.
๐บ๐ธ Trump Media has launched the Truth API, a subscription service that provides financial firms and banks with "the fastest access" to posts from Donald Trump and around 10 other influential accounts on Truth Social. This development was previously reported, with sources indicating that Trump is seeking $100,000 per month for the API service. For more information, visit here.
๐๏ธโโ๏ธ Former President Donald Trump held two tournaments at his golf club in New Jersey, declaring himself the winner of both events. After his victories, he awarded himself the championship trophy.
โ ๏ธ๐บ๐ธ The yield on 30-year U.S. Treasury bonds has reached 5.27%, marking the highest level since the global financial crisis of 2008. A yield of 5% or more is historically viewed as a "very scary psychological" threshold, affecting not only bonds but also riskier assets like stocks and cryptocurrencies.
โ ๏ธ๐บ๐ธ The US national debt has surged by $3.6 trillion over the past year, following former President Trump's signing of his "Big, Beautiful Bill" in July 2025, which raised the debt ceiling by $5 trillion. During his 2024 campaign, Trump emphasized reducing the national debt. However, the debt has continued to rise at unprecedented rates. Experts, including Rockefeller Capital Management's CEO and Ray Dalio, are sounding alarms about this rapid growth, with Dalio warning that the US is nearing a "point of no return" regarding its debt.
๐ฌ Todayโs Economic Calendar โ August 3, 2026
Canada observes a holiday with no trading due to Civic Holiday. Key reports include Manufacturing PMI for Australia at 02:00 MSK, Japan at 03:30 MSK, China at 04:45 MSK, and India at 08:00 MSK. Russia's PMI is released at 09:00 MSK, followed by Switzerland's CPI at 09:30 MSK and Manufacturing PMI at 10:30 MSK. Germany, Eurozone, and the UK will also release their Manufacturing PMI through 11:30 MSK. In the US, S&P and ISM Manufacturing PMI will be released at 16:45 and 17:00 MSK respectively. Earnings reports include TGC-1, Loews at 13:00, Marriott at 14:00, Tyson Foods at 14:30, and more.
Canada observes a holiday with no trading due to Civic Holiday. Key reports include Manufacturing PMI for Australia at 02:00 MSK, Japan at 03:30 MSK, China at 04:45 MSK, and India at 08:00 MSK. Russia's PMI is released at 09:00 MSK, followed by Switzerland's CPI at 09:30 MSK and Manufacturing PMI at 10:30 MSK. Germany, Eurozone, and the UK will also release their Manufacturing PMI through 11:30 MSK. In the US, S&P and ISM Manufacturing PMI will be released at 16:45 and 17:00 MSK respectively. Earnings reports include TGC-1, Loews at 13:00, Marriott at 14:00, Tyson Foods at 14:30, and more.
๐ Australiaโs Manufacturing PMI for July has been reported at 52, an increase from the previous figure of 51.5. This positive change indicates a strengthening in the manufacturing sector, suggesting potential growth in the economy. For more details on the economic outlook, visit here.
๐ Japan's Manufacturing PMI for July is reported at 54.5, slightly down from the previous figure of 54.7.
โ๏ธ๐ท๐บ On September 4, RUSAL announced the dividend payment for the first half of 2026.
๐จ๐ฏ๐ต Japan's Ministry of Finance has announced its first joint intervention in the FX market with the United States in 15 years, aimed at strengthening the yen against the dollar. Officials stated that both Japan and the U.S. are prepared to conduct further currency interventions if necessary. The yen is currently appreciating against the dollar at unprecedented rates.
๐ข BloombergNEF reports that the gradual reopening of the Strait of Hormuz starting in August will lead to a surplus in the global oil market of 5.1 million barrels per day.
๐บ๐ฆ Rubio stated that the United States will assess in the coming weeks the feasibility of resuming negotiations regarding Ukraine.