As the conflict between Russia and Ukraine continues to escalate, Poland has taken a bold step by asking NATO to intervene. According to reports, Polish airspace was repeatedly violated by Russian drones during today’s attack, prompting Poland to shoot down several of these intruders. In response, Polish Prime Minister Tusk has requested that Article 4 of the NATO treaty be invoked, which could lead to a collective defense response from member nations.

Meanwhile, US President Trump has reportedly asked the European Union to impose tariffs on China and India in an effort to pressure Russian President Putin to end the war. While the move is unlikely to have any direct impact on the conflict, it highlights the ongoing efforts of the international community to find a peaceful resolution to the crisis.

In other news, a US judge has temporarily blocked President Trump from removing Federal Reserve Governor Cook. The ruling comes as the Fed continues to play a critical role in stabilizing financial markets and supporting economic growth.

European bourses began the day stronger but later slipped following Poland’s request to invoke Article 4 of NATO. Oracle stock surged by over 29% post-earnings, while other tech stocks also saw gains. However, the broader market was unable to sustain these gains as investors became increasingly cautious amidst the ongoing geopolitical tensions.

In commodity markets, crude and gold prices rose in response to the NATO member Poland downing drones above its territory. The incident highlights the growing concern among nations about potential security threats in the region.

Looking ahead, key economic indicators such as US PPI (Aug) and Wholesale Sales (Jul) are likely to be closely watched for any signs of inflationary pressures. Additionally, comments from SNB’s Schlegel and supply data from the US could provide further insights into the state of the global economy.

As the situation in Ukraine continues to unfold, it is clear that the international community must remain vigilant in addressing the security threats posed by Russia’s aggressive actions. By working together through organizations such as NATO, nations can help ensure a peaceful resolution to the conflict and maintain stability in the region.