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US consumer confidence is little changed in August, U.Michigan says
Consumer confidence in the U. S. was little changed at the start of August, the results of a closely followed survey revealed.
China slips into deflation in July
The cost of living in the People's Republic of China fell by a tad less than expected last month.
Italy hits banks with windfall tax
A surprise 40% windfall tax has been levied on Italian bank profits to help households and small businesses struggling with the cost of living, the government has announced.
Central bank may be at point where rates do not need to rise further, Fed's Harker says
The U. S. central bank may have reached a point at which it no longer needs to hike interest rates further - maybe - a top official said.
US services sector activity slows slightly in July, ISM says
Activity in US services slowed modestly last month, the results of a closely followed survey revealed.
US job cut announcements fall again in July, Challenger says
Layoff announcements in the States continued falling back in July, rising by less than during the same month one year before for the first time since 2023, a prestigious consultancy said.
Weekly US jobless claims edge up
Jobless claims in the U. S. rose slightly during over the preceding week but continued to point to a tight jobs market.
US productivity grows quicker than expected in Q2, limiting labour cost increases
Faster-than-expected labour productivity in the U. S. over the three months to June, helped limit labour cost pressures.
BoE raises rates by 25bp, points out risks from wage growth
The Bank of England raised official short-term interest rates by 25 basis points and noted that some of the risks from more persistent inflationary pressures may have begun to crystallise.
UK services sector activity slows in July, S&P Global says
Activity in the UK services sector slowed down last month as expected amid "persistent" increases in input costs, the results of a closely followed survey revealed.
U.S. private sector payrolls grow more quickly than expected in July
U. S. private sector payrolls grew more quickly than anticipated last month, the results of a survey showed.
Fitch cuts U.S. government debt rating from AAA to AA+
Fitch went ahead and downgraded the U. S. government's credit rating overnight, becoming the second agency to do so.
US job openings, hiring and quits decline
Job openings in the U. S. were little changed in June but hiring and quits declined.
US manufacturing continued to shrink in July, ISM says
Factory sector activity in the U. S. continued to shrink last month, the results of a closely followed survey showed.