Breaking Economic News
US consumer sentiment falls to a final July reading of 93.1 from 96.1
Consumer sentiment fell to a final July reading of 93. 1 from the previous month reading of 96. 1, according to reports on the University of Michigan gauge released Friday.
Eurozone core inflation holds steady in July
Consumer prices in the Eurozone edged slightly higher in July, data released on Friday showed.
IMF will not be able to approve third Greek bailout
Greece may find it more difficult to secure a third bailout after International Monetary Fund officials argued that the country would not be eligible for further loans, according to a leaked account of an IMF board meeting.
US GDP undershoots in second quarter but revisions compensate
Economic activity in the US climbed in the second quarter of the year to a reach an annualised pace of 2. 3%.
US pending home sales fall in June
US pending home sales fell unexpectedly in June, data released on Wednesday showed.
Greece may call early election, admits Tsipras
Greek prime minister Alexis Tsipras has admitted that the country may have to call an early election due to rebels within his Syriza party.
US Fed may not raise rates in September, leaked documents show
The US Federal Reserve may only raise the Fed funds rate, its main policy instrument, once this year, in the fourth quarter.
US new home sales drop to slowest pace in seven months in June
Sales of new single-family homes in the US fell to their slowest pace in seven months in June, figures released on Friday showed.
Eurozone manufacturing PMI declines slightly in July
The pace of economic growth in the Eurozone slowed slightly in July, data released on Friday showed.
Chinese manufacturing sector shrank more than expected in July
A widely followed leading indicator for the Chinese economy surprised sharply to the downside, suggesting risks for the economy still existed.
BoE's McCafferty says MPC should not fear pound strength
The Monetary Policy Committee’s “clear cut” 8 July decision not to raise Bank Rate was adopted just when the uncertainty around events in Greece was at its height, but since then confidence in the euro area had improved, Ian Mc Cafferty told Market News International in an exclusive interview.
US leading economic indicators beat forecasts in June
The US economy was expected to continue to power ahead on the basis of recent trends for interest rate spreads and credit conditions, according to the results of a widely followed barometer for economic activity.
UK retail sales fall in June, ONS says
UK retail sales fell 0. 2% in June compared to month before, data from the Office for National Statistics (ONS) showed, some way off the 0. 4% gain that had been expected.
ECB said to have raised ELA by €900m
The European Central Bank has reportedly raised its funding for Greek banks through its Emergency Liquidity Facility by €900m.
Bank of England minutes show unanimous vote but hawks flapping
Minutes released from the Bank of England's latest interest rate setting meeting show a unanimous vote in favour of the decision to keep rates steady.
British car insurance premiums rose in second quarter, AA says
Car insurance premiums were up 5% in the second quarter and are only going to get more expensive, the AA said.
IMF says Greece makes overdue payment and is no longer in arrears
Uni Michigan sentiment falls from 96.1 to 93.3 in July
US consumer sentiment fell to a preliminary reading of 93. 3 from a final level of 96. 1 last month, according to reports on the University of Michigan gauge released Friday.
US inflation rises as expected, Labor Department reveals
US inflation rose in June compared to a year ago as rents increased by the most in almost two years, data showed on Friday.
German Bundestag approves start of negotiations with Greece
Lawmakers in Germany have backed a motion to start negotiations with Greece for a third bail-out package by a majority of 439 to 119.