Russian Ministry of Defense: Over the past night, Russian air defense forces intercepted and destroyed 571 Ukrainian drones in Russia, over the Sea of ​​Azov and the Black Sea.

Indian Court: OpenAI’s use of content from news agency ANI for artificial intelligence training does not constitute copyright infringement.

[European Central Bank survey shows that the overall outlook for inflation remains unchanged and is expected to return to the 2% target in 2028] A survey released by the European Central Bank on Friday showed that inflation expectations in the euro area have remained basically unchanged over the past three months, and price increases are expected to fall rapidly next year and return to the 2% target level in 2028. Inflation is the ECB's primary concern, and has remained around 3% in recent months due to soaring energy costs. However, most economists believe that inflation may be close to peaking. It will gradually fall back to near the target level sometime in 2027. This survey is an important reference for ECB policy discussions. The survey shows that the inflation rate this year is expected to average 2.7%, the same as the previous forecast; the inflation forecast for 2027 has been raised from 2.1% to 2.2%. The survey also showed that inflation will reach 2% in 2028 and remain at that level.

The forward premium of the US dollar against the Indian rupee fell; the 1-year contract fell 4 basis points to 2.93%.

Traders said the Reserve Bank of India may be conducting longer-term USD/rupee buy and sell swap operations at the same time as it intervenes on the spot.

[PMI survey showed that British companies reported growth for the first time in three months, and cost pressures eased] British companies reported growth for the first time in three months in July, according to a PMI survey, which benefited from a brief respite during the Iran war and was the most optimistic performance since the outbreak of the conflict. The preliminary UK comprehensive PMI in July rose to 52.1 from 49.3 in June, the highest level since February. Market expectations improved only slightly to 49.7. The preliminary UK services PMI rose to 51.8 from 48.8 in July, the highest level since April. The manufacturing PMI rose from 52.5 to 52.8. Chris Williamson, chief business economist at S&P Global Market Intelligence, said the hotel industry benefited from hot weather, the World Cup soccer tournament and people choosing to holiday in the UK as high costs and uncertainty curb overseas travel.