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The UK budget deficit narrowed in June, the Office for National Statistics said Friday. Public sector net borrowing, excluding public sector banks, dropped by GBP 0.8 billion to GBP 5.4 billion. This was the lowest June net borrowing since 2016. PSNB was bigger than the expected GBP 5 billion. At... Read more...

New Zealand credit card spending recovered in June, figures from Reserve Bank of New Zealand showed Friday. Credit card spending grew 2.1 percent month-on-month in June, in contrast to a 1.6 percent drop in May. Domestic billing climbed 2.4 percent, reversing May's 1.6 percent drop. Likewise,... Read more...

Consumer prices in Japan were up 0.7 percent on year in June, the Ministry of Internal Affairs and Communications said on Friday. That was unchanged from the May reading, although it was shy of expectations for 0.8 percent. Core CPI, which excludes food prices, was up an annual 0.8 percent - in... Read more...

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The cryptocurrency rally running for the last three days lost steam Thursday morning with Bitcoin facing stiff resistance as it chased the $8,000 mark. Most cryptocurrencies were in the red, while Bitcoin resumed its upward trend. Overall cryptocurrency market capitalization fell to $290.93 billion as of 10.20 am ET on CoinMarketCap. Read more...

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Pointing to continuing solid growth in the U.S. economy, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading economic indicators in the month of June. The Conference Board said its leading economic index climbed by 0.5 percent in June. Read more...

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Rep. Collin Peterson says much of the cryptocurrency ecosystem "seems like a Ponzi scheme." He made the remarks at a U.S. House Committee hearing on cryptocurrency. Two separate public hearings on cryptocurrency were hosted on Capitol Hill Wednesday. The subject of hearing in the House Committee on Agriculture was "Cryptocurrencies: Oversight of New Assets in the Digital Age." Mike Conaway, who is Read more...

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Hungary's average gross earnings grew at the slowest pace in more than a year in May, the Central Statistical Office said Friday. Gross earnings increased 10.9 percent year-on-year in May, which was the weakest growth since February 2017. Economists had forecast earnings growth to slow to 11.2 percent... Read more...

Dutch consumer confidence remained unchanged in July, figures from the Central Bureau of Statistics showed Friday. The consumer sentiment index held steady at 23.0 in July. The indicator has remained above 20 since late 2016. Optimism about economic activity over the coming twelve months and their... Read more...

Germany's producer prices climbed at the fastest pace in nine months in June, Destatis reported Friday. Producer prices grew 3 percent year-on-year in June, faster than the 2.7 percent increase logged in May. The annual rate matched economists' expectations and was the fastest since September 2017. On... Read more...

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Japan's all industry activity grew only marginally in May after recovering in April, data from the Ministry of Economy, Trade and Industry showed Friday. The all industry activity index gained 0.1 percent on month, much slower than April's 1 percent rebound. Nonetheless, the monthly rate was better... Read more...

Japan will on Friday release June numbers for consumer prices, setting the pace for a light day in Asia-Pacific economic activity. Overall nationwide CPI is expected to rise 0.8 percent on year, up from 0.7 percent in May. Core CPI is also tipped to climb 0.8 percent, up from 0.7 percent. Japan... Read more...

Producer prices in South Korea were flat on month in June, the Bank of Korea said on Friday - following a 0.2 percent increase in May. Among the major sub-indices, prices for agricultural, forestry and marine products sank 3.3 percent on month, while manufacturing products added 0.2 percent and utilities... Read more...

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Public sector finance data from the UK is due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's producer price figures. Economists forecast producer prices to rise 3 percent annually in June, faster than May's 2.7 percent increase.... Read more...

The one-day interbank deposit futures rates (DI rates) in Brazil changed direction at the end of the session and settled lower Thursday, after U.S. President, Donald Trump criticized the monetary policy tightening in his country, leading Treasury rates down as a result. During an interview with CNBC,... Read more...

The one-day interbank deposit futures rates (DI rates) in Brazil opened higher Thursday, tracking the locally traded U.S. dollar and the higher rates os the U.S. Treasuries amid increasing risk aversion. The DI rates rise in line with the U.S. currency, which rises more than 1% against the Brazilian... Read more...

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Malaysia's central bank is set to keep its policy rate unchanged this year and next, but with inflation set to decline sharply and the outlook for growth much more uncertain, the risks are weighted towards... Read more...

Time (et)
Economic Indicator
Period
Actual
Forecast
Previous
Country
Friday ,Jul.20
Capital Account Balance - BoP
MAY
 
 
€ 0.2 B
Eurozone
Exports
MAY
€ 25.29 B
 
€ 23.86 B
Spain
Imports
MAY
€ 27.47 B
 
€ 26.91 B
Spain
Trade Balance
MAY
€ -2.15 B
 
€ -3.05 B
Spain
00:30
All Industry Activity Index (M-o-M)
MAY
0.1 %
 
1.0 %
Japan
02:00
PPI (M-o-M)
JUN
0.3 %
0.3 %
0.5 %
Germany
02:00
PPI (Y-o-Y)
JUN
3.0 %
3 %
2.7 %
Germany
04:00
Current Account Balance - BoP
MAY
€ 22.44 B
 
€ 29.55 (R) B
Eurozone
05:00
GDP (Q-o-Q)
Q2
 
 
0.4 %
Eurozone
05:00
GDP (Y-o-Y)
Q2
 
 
2.5 %
Eurozone
08:30
Retail Sales (M-o-M)
MAY
 
 
-1.2 %
Canada
08:30
Retail Sales (Y-o-Y)
MAY
 
 
1.6 %
Canada
08:30
Core CPI (M-o-M)
JUN
 
 
-0.1 %
Canada
08:30
CPI (M-o-M)
JUN
 
 
0.1 %
Canada
08:30
CPI (Y-o-Y)
JUN NSA
 
 
2.2 %
Canada
09:30
CB Coincidence Index
MAY
 
 
0.1 %
France
09:30
CB Leading Index
MAY
 
 
0.5 %
France
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Profit Taking May Contribute To Early Weakness On Wall Street

The major U.S. index futures are pointing to a lower opening on Thursday, with stocks likely to move back to the downside after ending the previous session modestly higher. Profit taking may contribute to initial weakness on Wall Street following the upward trend seen over the past several sessions. A...
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