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Nick Timiraos, the "Federal Reserve mouthpiece," says Fed Chairman Warsh must convince one of the most pro-interest-cutting presidents in modern history to appoint him. Now he faces a new challenge: persuading his 18 colleagues to abandon the professional mindsets he believes have led them astray. The first test will come on Wednesday.
Japanese Chief Cabinet Secretary Minoru Kihara: We will not prejudge the outcome of the tax reduction discussions.
July 28th - According to reports from the United States, a tornado swept through Wisconsin on the 27th local time. The National Weather Service stated that the tornado crossed Lake Wennabego and moved south around noon that day, causing numerous trees to fall, houses to be destroyed, and cars to overturn along its path. In the Monasha area, the local power company reported that approximately 18,000 customers were without power due to collapsed transmission lines.
Hang Seng Index futures opened 0.12% higher at 25,243 points, a premium of 20 points.
Euro Stoxx 50 futures fell 0.1%, German DAX futures fell 0.1%, and UK FTSE 100 futures fell 0.3%.