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Greek Prime Minister Alexis Tsipras again asked his country to say no to austerity in the referendum on Sunday and said that an assessment by the International Monetary Fund justified the government's position. In a televised address on Friday, Tsipras said Greeks must "say no to ultimatums and division"... Read more...

India's private sector contracted for the first time in more than a year in June, survey data from Markit showed Friday. The Nikkei composite output index fell to 49.2 in June from 51.2 in May. The reading dropped below the 50 threshold for the first time since April 2014. Reductions in activity... Read more...

The services sector in China continued to expand in June, albeit at a slower pace, the latest PMI from HSBC Bank showed on Friday, with a PMI score of 51.8. That's down from 53.5 in May, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. Among the individual... Read more...

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New orders for U.S. manufactured goods fell by much more than expected in the month of May, according to a report released by the Commerce Department on Thursday. The report said factory orders fell by 1.0 percent in May following a revised 0.7 percent decrease in April. Read more...

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While the data was largely overshadowed by the release of the monthly jobs report, the Labor Department also released a report on Thursday showing an unexpected increase in initial jobless claims in the week ended June 27th. Read more...

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A closely watched Labor Department report released Thursday morning showed weaker than expected U.S. job growth in the month of June, although the unemployment rate still fell to a seven-year low. Read more...

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Sweden's services sector expanded at a slower pace in June primarily due to sluggish business volume, survey data from the Swedbank showed Friday. The services Purchasing Managers' Index fell to 54.9 in June from 58.2 in May. Any reading above 50 indicates expansion in the sector. The negative... Read more...

Sweden's industrial production dropped less-than-expected in May after an increase in the previous month, while orders declined for the first time in three months, figures from Statistics Sweden showed Friday. Industrial production declined a seasonally adjusted 0.1 percent month-over-month in May,... Read more...

Spain's service sector continued to expand in June, but the pace of growth eased unexpectedly to the weakest so far this year, survey data from Markit Economics showed Friday. The Purchasing Managers' Index for the service sector dropped to 56.1 in June from 58.4 in May. It was forecast to remain... Read more...

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South Korea's official foreign reserves increased in June from the previous month, figures from Bank of Korea showed Friday. Official reserves rose to $374.7 billion in June from $371.5 billion in the previous month. Securities grew to $339.2 billion from $335.5 billion in the prior month. SDR's... Read more...

Malaysia's exports decreased at a slower-than-expected pace in May, figures from the Department of Statistics showed Friday. Exports dropped 6.7 percent year-over-year in May, slower than economists' expectations of a 8.7 percent plunge. Shipments of electrical and electronics products, which... Read more...

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The services sector in China continued to expand in June, but at a slower pace, the latest PMI from HSBC Bank showed on Friday, with a PMI score of 51.8. That's down from 53.5 in May, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. The composite... Read more...

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Italy's service sector growth increased unexpectedly in June at the fastest rate in twelve months, survey figures from Markit Economics showed Friday. The headline Markit/ADACI services purchasing managers' index rose to 53.4 in June from 52.5 in May. Economists had expected the index to fall slightly... Read more...

Norway's unemployment rate increased as expected in June, data from the Labour and Welfare Administration or NAV revealed Friday. The unemployment rate rose to 2.8 percent in June from 2.7 percent last year. The rate came in line with expectations. In May, the jobless rate stood at 2.7 percent. At... Read more...

Turkey's consumer prices increased at a slower-than-expected pace in June, figures from the statistical office Turkstat showed Friday. The consumer price index increased 7.20 percent year-over-year in June, which was slower than economists' expectations for a 7.75 percent increase. In April, prices... Read more...

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Citing weak activity data for May, Capital Economics said the Japanese economy may have slowed sharply in the second quarter, underlining the need for monetary stimulus before too long. Following the... Read more...

Capital Economics is of the view that the Bank of Japan will have to step up its pace of easing, perhaps as early as October, with the expectations predicated on its belief that inflation is unlikely to... Read more...

Job Market Optimism Pitched Against Greek Worries

The major U.S. index futures are pointing to a higher opening on Thursday, with early mood suggesting that U.S. Stocks may get off to a positive opening on the support lent by a fairly robust U.S. Non-farm payrolls report. Notwithstanding downward revisions to the previous months' data, the pace of job...
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Time (et)
Economic Indicator
Period
Actual
Forecast
Previous
Country
Friday ,Jul.3
00:00
Official Foreign Reserves
JUN
€ 49.17 B
 
€ 50.30 B
Spain
03:15
PMI Services
JUN
56.1
58.4
58.4
Spain
03:50
PMI Composite
JUN F
53.3
53.4
52.0
France
03:50
PMI Services
JUN F
54.1
54.1
52.8
France
03:55
PMI Services
JUN F
53.8
54.2
53.0
Germany
03:55
PMI Composite
JUN F
53.7
54
52.6
Germany
04:00
PMI Composite
JUN F
54.2
54.1
53.6
Eurozone
04:00
PMI Services
JUN F
54.4
54.4
53.8
Eurozone
04:30
PMI Services
JUN
58.5
57.4
56.5
UK
05:00
Retail Sales (M-o-M)
MAY
0.2 %
-0.08 %
0.7 %
Eurozone
05:00
Retail Sales (Y-o-Y)
MAY
2.4 %
2.27 %
2.7 (R) %
Eurozone
09:00
PMI Composite
JUN
41.0
 
42.9
Brazil
09:00
PMI Services
JUN
39.9
 
42.5
Brazil
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