- — Global economic upturn led by advanced economies as emerging market expansion fades
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at 8/7/26 3:00pmPMI survey data from SP Global showed worldwide economic growth strengthening in July, but the improvement was driven chiefly by advanced economies as emerging market momentum faded. Developed markets reported one of the fastest expansions recorded over the past two years, seeing a broad-based upturn amid stronger services activity and firmer technology and machinery output. ...- — U.S. economy unexpectedly loses 23,000 jobs in July
- at 8/7/26 3:00pmThe U.S. economy unexpectedly shed 23,000 jobs in July, while gains in the preceding two months were revised sharply lower, possibly denting wagers that the Federal Reserve will raise interest rates in the coming months. Economists had anticipated nonfarm payrolls growth of 85,000 last month. Over the prior 12 months, the average monthly gain stood ...
- — Evolving, not over: The new reality of Hong Kong’s economy
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at 8/7/26 3:00pmThe recent article by the American economist Stephen Roach, “Yes, the Hong Kong of old is over”, has attracted wide attention and triggered fierce debate. Yes, Hong Kong has witnessed changes— as has any other great city. But that is not the same as saying Hong Kong is finished. The fundamental flaw in Roach’s argument ... - — Japan Leading Index Holds Near 5-Year High
- at 8/7/26 3:00pmJapan’s leading economic index, which gauges the outlook for economic activity in the coming months using indicators such as job offers and consumer sentiment, stood at 116.4 in June 2026, unchanged from May’s revised figure, amid uncertain global conditions, according to preliminary estimates. The reading remained the highest level since July 2021, supported by the ...
- — German industry shows surprising resilience in June
- at 8/7/26 3:00pmIndustrial production continues its cyclical recovery. In June, German industrial production increased by 0.2% month-on-month, from 0.7% MoM in May. On the year, industrial production was slightly down (-0.1%). The June increase was mainly driven by stronger production in the automotive industry. At the same time, exports increased by 0.9% MoM, from 0.9% in May, ...
- — China Foreign Exchange Reserves Expand
- at 8/7/26 3:00pmOfficial foreign exchange reserves kept by the Peoples Bank of China rose to an equivalent of $3.419 trillion in July of 2026 from $3.416 trillion in the previous month, aligned with market expectations and remaining relatively close to the record high of $3.442 trillion two weeks prior. The rise was aligned with a drop in ...
- — China trade balance grows more than expected in July on exports boost
- at 8/7/26 4:00amChina logged a bigger-than-expected trade balance in July, buoyed by outsized growth in its exports as overseas demand remained robust. But imports also grew sharply in the month, while the pace of exports fell, resulting in a month-on-month decline in the trade surplus. Trade balance read at a surplus of $112.50 billion in July, government ...
- — Falling eurozone retail sales underscore the softness of household consumption
- at 8/6/26 3:00pmEurozone retail sales fell by 0.3% month-on-month in June, following a 0.4% increase in May. On a year-on-year basis, the pace of growth slowed from 1.9% to 0.7%. Although retail sales account for only about a third of total consumer expenditure, they remain an important proxy for household consumption. On that basis, the second quarter ...
- — Jobless Claims Edge Up Slightly, Beating Forecasts
- at 8/6/26 3:00pmThe latest data on Initial Jobless Claims in the United States reveals a modest increase, with the actual number of claims reaching 199,000. This figure, while slightly higher than the previous week’s count of 198,000, still managed to come in below the forecasted 203,000 claims. This indicates a more robust labor market than analysts had ...
- — Wholesale inventories rise less than expected, indicating cautious outlook
- at 8/6/26 3:00pmIn a recent release, the U.S. wholesale inventories data showed a modest increase, signaling a potential slowdown in inventory accumulation among wholesalers. The latest figures revealed that wholesale inventories rose by 0.2%, falling short of the anticipated 0.3% growth. This data point is crucial as it offers insights into supply chain dynamics and business sentiment ...
- — US Firms Announce the Fewest Job Cuts in Two Years
- at 8/6/26 3:00pmUS-based employers announced 33,429 job cuts in July 2026, the fewest in two years, down 27% from June and 46% compared with the same month last year. AI led all reasons for job cuts for a fifth straight month and was responsible for 10.97K during the month. The tech sector cut the most jobs (9.867K), ...
- — Eurozone Construction Contraction Eases in July
- at 8/6/26 3:00pmThe SP Global Eurozone Construction PMI came in at 44.3 in July 2026, up from 42.8 in June, pointing to another sharp contraction but one that was the softest since March. Construction activity remained firmly in contraction across the region at the start of the third quarter, with declines continuing across all monitored sectors and ...
- — German Factory Orders Rise More than Expected
- at 8/6/26 3:00pmGermanys factory orders rose 3.1% mom in June 2026, picking up from a downwardly revised figure in May and easily beating market estimates of 0.3%. It was the strongest monthly growth since March, driven by robust demand for processing equipment and electronics and opticals (22.7%) as well as mechanical engineering (12.7%), with some firms noting ...
- — Offering opportunities to the world
- at 8/6/26 3:00pmDespite the intertwining of change and turmoil, the forces seeking peace and development remain strong. Although economic globalization faces headwinds, breakthroughs in technological revolutions are accelerating global connectivity, driving us toward a community with a shared future. As the worlds largest developing country, China is steadily advancing along a modernization path with its own characteristics, ...
- — Australia trade swings to June surplus, beats forecasts as exports rebound
- at 8/6/26 3:00pmAustralias trade balance swung back to a surprise surplus in June as stronger shipments of iron ore, coal and liquefied natural gas, alongside weaker fuel imports, boosted the countrys exports, official data showed on Thursday. Australia posted a trade surplus of A$1.93 billion in June, compared with expectations for a A$1.06 billion deficit, after Mays ...
- — Yardeni explains why the Fed should be turning more hawkish
- at 8/6/26 3:00pmYardeni Research argued in a note Thursday that the U.S. economy is on solid footing and that Federal Reserve officials should be adopting a more hawkish stance, as upside inflation risks outweigh downside risks to growth. The firm said the economy’s two most important engines, consumer spending and business investment, are booming. They noted that ...
- — Trump held multiple undisclosed calls with Fed Chair Warsh, reports say
- at 8/6/26 11:00amPresident Donald Trump has spoken by phone with Federal Reserve Chair Kevin Warsh multiple times since Warsh’s confirmation in May 2026, with Bloomberg confirming a scoop first reported by the Wall Street Journal on Thursday. The calls arrive at a delicate moment for Fed credibility. Warsh’s July 29 FOMC press conference, at which the Fed ...
- — US Labor Costs Rise Less than Anticipated
- at 8/6/26 11:00amUnit labor costs in the US nonfarm business sector rose by 1.3% in Q2 2026, matching the revised Q1 pace, but missing market forecasts of 2.1%, preliminary data showed. This reflected a 2.7% increase in hourly compensation, up from 2.1% in Q1, alongside a 1.4% rise in productivity, up from 0.8% in the prior quarter. ...
- — US Q1 Productivity Rises More than Expected
- at 8/6/26 11:00amUS nonfarm business sector labor productivity rose 1.4% in the second quarter of 2026, more than market expectations of a 0.6% increase, preliminary estimates showed. Output increased 1.7% and hours worked increased 0.3%. Meanwhile, manufacturing sector labor productivity increased 1.9% in the second quarter of 2026, as output increased 4.6% and hours worked increased 2.6%. ...
- — Is El Nino’s economic risk too hot to handle?
- at 8/6/26 4:00amAcross the globe, the looming super El Nino is sparking warnings from economists, planners and experts about its potentially devastating impact on economies and societies. A key area of the Pacific Ocean used to measure the strength of El Nino last week reached its warmest and most intense level ever recorded for the 15th week ...
- — US service sector remains robust, but hiring weakness persists
- at 8/6/26 4:00amBusiness activity lifted by 4 July celebrations World Cup The July ISM services index was not quite as strong as hoped, but the details remain consistent with annual US GDP growth of around 2.5%. The headline index rose to 54.1 from 54.0, versus the consensus of 54.5. Business activity was very strong, rising to ...
As of 8/9/26 12:15pm. Last new 8/8/26 3:57am.
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