Rising commodity prices weigh on China’s post-pandemic economic recovery with factory gate prices beating expectations, going up 9 per cent. The U.S. Senate inches towards passing the largest infrastructure spending bill in more than a decade. A couple of big earnings reports are in focus. On Wall St., Warren Buffett buys back a record $25m of Berkshire Hathaway stock after posting a 21 per cent in Q2 income. In the energy sector, Saudi Aramco is set to increase supply capacity after second quarter earnings surged by 288 per cent. However, crude is down on concerns of a drop in demand.

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