U.S. markets reach new record highs on surging inflation, but the core number comes in lower than expected. CNBC hears from Dallas Fed president Robert Kaplan who suggests the tapering schedule could be accelerated to begin in October. It’s a big earnings day for European corporates. We hear from NN Group, Bilfinger and Zurich Insurance which sees a 60 per cent jump in H1 earnings and maintains its 2022 guidance. Meanwhile, Chinese autonomous vehicle company Pony.AI has shelved plans to list in the U.S. following Beijing’s continuing regulatory crackdown, yet HKEX CEO Nicolas Aguzin insists that concerns are overblown.  

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