Data released at the start of the European session on Thursday, July 24, showed improvement in most services and manufacturing PMI indicators for the Eurozone and the UK in July. The Eurozone services PMI rose to a five-month high of 51.6 in July, compared to 49.4 in June (expected 49.0). Meanwhile, the manufacturing PMI climbed to a three-month high of...
Australian unemployment remained unchanged in June at 4.4%, according to figures released by the Australian Bureau of Statistics (ABS) at the start of Asian trading on Thursday, July 23. This figure matched market expectations, coinciding with a rise in the labor force participation rate to 67% from 66.7%. The Australian economy added 76,300 jobs in June, bringing the total number...
The UK's Consumer Price Index (CPI), which measures inflation, rose by 2.6% in May, according to data released by the Office for National Statistics (ONS) on Wednesday morning, July 22. This represents a slowdown from April's 2.8% and falls short of expectations of 2.7% growth. On a monthly basis, the CPI rose by 0.1% in May, following a 0.3% increase...
The ZEW Business Sentiment Index in Germany rose 15.8 points in July, reaching a four-month high of 26.3, compared to a 10.5 increase in June. This exceeded expectations of a 15.1 rise. The July increase coincided with a slight improvement in the assessment of the current economic situation in Germany, which rose to -77.6, up 3.4 points from June. This...
Canada's Consumer Price Index (CPI) rose by approximately 2.8% year-on-year in June, according to figures released moments ago, compared to 3.2% in May. This slowdown was driven by lower gasoline prices, while the core CPI, which excludes gasoline prices, remained unchanged at 2.2%. On a monthly basis, the index fell by 0.4% in June, the largest decline since December 2024,...
Data released by the University of Michigan moments ago showed that the US consumer confidence index for July rose by 10% to its highest level since February, reaching 54.4 points, compared to a revised 49.5 in June. This exceeded expectations, which had anticipated a rise to 51 points. Specifically, the index measuring current economic conditions rose by 15.1% to 54.9...
Data released moments ago by the US Census Bureau showed that US retail sales rose in May, reaching $768.6 billion, an increase of 0.2% after growth of 0.9% in the May reading, matching expectations. Sales were up 6.7% year-over-year compared to June 2025.
Preliminary estimates from the UK's Office for National Statistics show that the UK's gross domestic product (GDP) rose by 0.7% in the three months to May, following growth of 0.8% in the three months to April. On a monthly basis, it grew by 0.1% in May, after falling by 0.1% in April. Expectations were for no change. The services sector,...
The Bank of Canada kept its target overnight interest rate unchanged at 2.25%, as expected, for the sixth consecutive meeting, announced earlier today, Wednesday, July 15. The bank also maintained the interest rate on banks at 2.50% and the interest rate on deposits at 2.20%. The bank's report stated that the Canadian economy is showing signs of improvement and growth...
China's gross domestic product (GDP), the world's second largest economy, grew by approximately 4.3% year-on-year in the second quarter ending in June, according to data released by the National Bureau of Statistics on Wednesday morning, July 15. This compares to 5% growth in the first quarter and falls short of market expectations of 4.5%. It represents the slowest growth rate...