Economic News
Bank of Canada cuts rates again
The Bank of Canada on Wednesday cut its key policy rate for the second month in a row, as expected, and said it would trim again if inflation continued to fall.
UK private sector expands as new business growth accelerates
Private-sector activity in the UK has expanded for the ninth straight month, with new business growth at its highest level in more than a year, according to the composite purchasing managers' index (PMI) released on Wednesday by S&P Global.
Euro area PMIs show private sector nearly stagnated in July
Activity in the euro area's private sector nearly stalled by surprise in July, the results of two closely followed surveys showed, with growth in France and Germany underperforming.
German consumer sentiment hits two-year high
Consumer sentiment in Germany has risen to its highest level in more than two years, according to a closely watched survey from GfK and the Nuremberg Institute for Market Decisions (NIM), as income expectations and the economic outlook improved significantly.