Barclays: We expect the Federal Reserve to raise interest rates by 25 basis points each in September and December, compared to our previous forecast of no change in rates.

Hong Kong-listed mainland property stocks fluctuated and declined, with China Jinmao (00817.HK) falling more than 15%, Greentown China (03900.HK) falling more than 12%, Yuexiu Property (00123.HK) falling more than 11%, and other stocks such as China Resources Land (01109.HK), Longfor Group (00960.HK), and Sunac China (01918.HK) following suit.

According to the Iranian news agency IRNA, Iranian President Pezechzian has departed for Kyrgyzstan to attend the Shanghai Cooperation Organisation (SCO) summit and other events. During his two-day visit, in addition to attending and addressing the SCO summit, President Pezechzian will hold bilateral meetings with several leaders attending the summit, including the prime ministers of India and Pakistan, as well as the presidents of Kyrgyzstan, Russia, and Tajikistan.

According to India's NDTV: Indian Prime Minister Narendra Modi will meet with Iranian President Sergei Pezechyan today on the sidelines of the Shanghai Cooperation Organisation (SCO) summit in Bishkek, Kyrgyzstan. This will be their first meeting since the start of the Iraq War.

XAUUSD fell below $4410/oz, down more than 1.00% on the day; New York gold futures also fell 1.00% on the day, currently trading at $4459.00/oz.

According to Fox News: US President Trump said that Iran has become a failed state due to our blockade of Iranian ports and the economic pressure we have put on it.