Monthly archive July, 2019

The euro area private sector expanded at a faster than initially estimated pace in June reflecting a pick-up in economic growth in the currency bloc, survey data from IHS Markit showed Wednesday. The composite output index rose to 52.2 in Read More →

European leaders agreed on Tuesday to nominate France's Christine Lagarde as the new European Central Bank President to succeed Italy's Mario Draghi. Lagarde, a lawyer who became France's first woman finance minister, is currently the Managing Director of the International Read More →

UK service sector activity moved closer to stagnation in June on subdued client demand and a further reduction in work-in-hand, data from IHS Markit showed Wednesday. The IHS Markit/Chartered Institute of Procurement & Supply services Purchasing Managers' Index fell to Read More →

Sweden's central bank maintained its negative interest rate and policymakers reiterated tightening of policy by the end of this year or early next year, while major central banks around the world are planning additional stimulus. The Executive Board of Riksbank Read More →

Payroll processor ADP released a report on Wednesday showing private sector job growth reaccelerated in the month of June but still came in below economist estimates. ADP said private sector employment climbed by 102,000 jobs in June after rising by Read More →

A day earlier than usual due to the Independence Day holiday on Thursday, the Labor Department released a report on Wednesday showing a modest decrease in first-time claims for U.S. unemployment benefits in the week ended June 29th. The Labor Read More →