Economy update
The chances for a Russia-Ukraine meeting are slipping away. This is what Russia’s less-than-lukewarm response to the proposal implies. UK consumer prices inflated by an annual rate of 3.8% in July, the highest in 18 months. The central bank of New Zealand reduced interest rates to the lowest in 3 years and warned of further cuts. Investors' anxiety about the tech sector increases after yesterday’s sell-off in the Nasdaq index. The dollar sees buyers emerging, but US stock futures are unable to recover.