Macroeconomy
Euro area industrial production flat in June, Eurostat reports
Output stayed unchanged from May, though annual growth turned positive and some member states posted sharp gains.
Turkey's June Current Account Deficit Hits $4.2 Billion
Excluding gold and energy, the balance recorded a surplus, while annualized deficit reached $38.9 billion.
Germany reopens two Federal bonds in auction
The moves are part of the government’s routine debt management cycle to maintain liquidity in the bond market.
Germany records €19 billion current account surplus in June 2026
The surplus increased by €10.1 billion compared to the previous month, driven by gains in services and primary income.
Bank of America launches $250 billion US infrastructure initiative
The 'Critical Infrastructure Finance Initiative' targets digital, energy, and core sectors.
Per-capita working time in Germany declines in 2025
Stability in women's working hours has lessened the impact of economic weakness compared to previous cycles
Fed's Collins backs September rate hike if inflation stays high
Boston Fed chief highlights struggles of poorer Americans as energy prices bite
IEA Sees Wider Oil Supply Deficit Despite Demand Hit From Conflict
The agency warns of a 1.8 million barrel per day shortfall this quarter, slashes demand forecasts as the Strait of Hormuz remains closed.
Economists forecast $4.9 billion current account deficit for Turkey in June 2026
Survey results show wide range of projections for Turkey's balance of payments components.
Japan posts first current account deficit in 17 months
Higher dividend payments and rising oil import costs contributed to the June deficit.
Turkey's household air conditioner count and electricity use to double by 2035
The Turkish Ministry of Energy and Natural Resources projects a 100% increase in household air conditioners, driving electricity consumption to over 12,000 GWh.
EIA Cuts Texas Power Forecast After Data Center Pause
US agency lowers 2027 growth estimate to 6% following governor's construction halt.
Belgium drought threatens 50% potato yield loss
Extreme heat and dry weather disrupt crop growth, reduce milk production, and force livestock culling across the country.
Philippines' Marcos proposes $117.5B budget for 2027
The 7.2 trillion peso plan aims to boost growth but cuts education, health, and agriculture funding.
French gas reference price to increase by 5.6% on September 1st
The price hike is expected to affect approximately six million households subscribed to indexed offers.
Bank of Japan debates faster rate hikes at July meeting
The central bank's policy board discussed the scope to accelerate the pace of monetary tightening.
Estonia inflation hits 2.2% in July, lowest since April 2021
Price rises for services and housing were offset by falling food and fruit costs
Japan food self-sufficiency ratio falls to 37 per cent
The calorie-based ratio remains well below the 2030 target of 45 per cent amid structural agricultural challenges.
Philippines Q2 GDP growth slows to 2.3 per cent
The economic expansion fell short of economist projections and showed a decline in quarter-on-quarter growth.
Philippines Q2 GDP growth slows to 2.3% year-on-year
The second-quarter economic expansion fell short of expectations.
Japan's household spending falls in June
Consumer spending dropped by 3.3% year-on-year, contrary to market expectations of growth.
US initial jobless claims rise to 199,000 for the week ended August 1
Weekly claims remain below the 200,000 threshold for a third straight week as moving averages reach multi-year lows.
Türkiye Central Bank total reserves reach $164.4 billion
The increase was driven by gains in both foreign exchange and gold assets.
ECB plans redesign of euro banknotes for security and sustainability
The central bank has opened 10 design proposals for public consultation as part of a new series.
San Francisco Fed President Mary Daly defends July rate decision
Daly suggests tougher monetary policy remains an option if inflation accelerates.
Ifo Institute President proposes abolishing Germany's reduced VAT rate
Clemens Fuest suggests uniform taxation combined with annual credits for low-income households
Philadelphia Fed President Anna Paulson maintains open mind on interest rates
Paulson noted the decision to hold rates was not a close call following a 9-3 FOMC vote.
Fed Governor Cook prepared to support rate hikes if inflation persists
The Federal Reserve official cited risks of entrenched price and wage-setting behavior
Share of working retirees in Germany rises to 14 percent
New data shows employment among those aged 65 to 74 increasing despite varied financial and social motives.
Estonian industrial production falls for fifth consecutive month
Manufacturing output declined in June as energy production dropped and mining saw growth