International Economic
US import prices rise by less than forecast in July
The price of goods purchased overseas rose by less than expected last month despite the higher cost of fuel imports.
China orders partial closure of world's third-largest container port
Chinese authorities closed the Meishan terminal at the Ningbo-Zhoushan container port overnight after a worker tested positive for Covid-19.
Moderna vaccine offers double the protection against breakthrough Covid-19 infection
Moderna's Covid-19 vaccine offers nearly twice the protection against so-called breakthrough infections than Pfizer's, a new study found.
FDA may be set to announce booster shots for immunocompromised
America's health regulator is close to recommending that so-called booster shots be given to certain people with weak immune systems.
US producer prices rise more quickly than expected in July
US producer prices rose more quickly than anticipated last month due to the higher cost of energy and transportation.
Weekly US jobless claims decline as expected
Unemployment claims in the US slipped during the latest week with secondary claims again registering the largest decline.
Citi downgrades US stocks to neutral
Analysts at Citi downgraded their stance on US and information technology stocks in anticipation of a rebound in real longer-term government bond yields.
Euro area industrial production falls short as Germany drags
Industrial production in the euro area fell well short of forecasts in June as supply side constraints dragged on growth, especially in Germany.
Kaplan says Fed should start tapering asset purchases in October
One of the highest-ranking officials at the US central bank made the case on Wednesday for the Federal Reserve to start 'tapering' its asset purchases from October.
Fed's George backs start of tapering
A top US central bank official called for the Federal Reserve to start tapering its asset purchase programme.
'Tapering' could still take a few months, Fed's Barkin says
A top US central bank official said that the Federal Reserve may need a few more months before it can reduce its monetary stimulus.
US CPI edges past forecasts in July
The cost of living in the US edged past forecasts last month as food and energy prices continued advancing at a rapid clip.
US Senate approves bipartisan $1.1trn infrastructure bill
The US Senate approved Joe Biden's $1. 0trn infrastructure bill, in a rare show of bipartisanship.
US calls on OPEC+ to raise crude oil output further
The Biden administration is set to call on OPEC+ to raise crude oil production further in order to lower prices at the pump.
US labour productivity grows slightly less quickly than expected in Q2
Labour productivity in the US grew a tad less quickly than anticipated during the second quarter.
US small business optimism slips in July amid labour shortages
Optimism among small business owners in the US waned last month due to difficulty of finding more workers and ongoing supply chain disruptions.
ZEW economic sentiment index for Germany drops for a third time in August
Analysts were less upbeat on the outlook for the German economy due to the risk of a new wave of Covid-19 in autumn or a slowdown in China, the results of a closely-followed survey revealed.
US job openings hit series high in June, JOLTS survey shows
The number of job vacancies in the US hit a record high in June, underscoring firms' difficulty in trying to find enough new hands to hire.
German trade surplus beats June consensus, second quarter still weak
Germany’s headline non-seasonally adjusted trade surplus rose to €16. 3bn in June, from a revised €12. 5bn in May, according to fresh data released on Monday.
German industrial production drops again in June
German industrial production unexpectedly fell again in June amid supply issues, according to figures released on Friday by Destatis.