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Data by the US Department of Commerce showed on Friday that new home sales in the United States increased by 13.8% to a seasonally adjusted annual rate of 776,000 units in June. Meanwhile, May’s revised reading stood at 682,000 units. On Wednesday, data by the National Association of Realtors showed …

The Russian Central Bank cut its key interest rate to a record low of 4.25% on Friday and stated that it would consider the need for further monetary easing amid low inflation and a shrinking economy.  The 25bp cut was in line with the Reuters poll, with expectations to cut …

The Eurozone Manufacturing PMI arrived at 51.1 in July, compared to 50.0 expected, while the Eurozone Services Purchasing Managers’ Index reached 55.1 in July, compared to 51.0 expected. The Eurozone manufacturing sector witnessed an upturn this month, the latest manufacturing activity survey from IHS/Markit research showed on Friday. Eurozone manufacturing …

Data from HIS Markit showed that French business activity rebounded much more than expected in July with a rebound in the post-lockdowns service sector gained momentum. IHS Markit reported that the preliminary PMI jumped to 57.6 from 51.7 in June, its highest level since January 2018. It came above analysts’ expectations …

China ordered the United States to close its consulate in the city of Chengdu on Friday, in response to the US request to close the Chinese consulate in Houston with the deterioration of relations between the largest economies in the world. The Chengdu Consulate in southwest China’s Sichuan Province is …

UK retail sales increased during last June, exceeding analyst expectations. Data released by Office for National Statistics showed on Friday that retail sales in Britain increased by 13.9% in June, compared to 12.3% in May. Analysts had expected that retail sales in the United Kingdom would rise by about 8.3% …

President of the United States, Donald Trump, announced in a press briefing on Thursday that many schools across the US are ready to open again after months of closure as a preventive measure against the coronavirus disease (COVID-19). “Given these considerations, we believe many school districts can now reopen safely, …

The United States domestic supplies of natural gas increased by 37 billion cubic feet (bcf) last week, according to data released by the Energy Information Administration (EIA). The increase exceeded analysts’ expectations of a 33 billion cubic feet (bcf) increase.

Data by the European Commission’s Directorate-General for Economic and Financial Affairs (DG ECFIN) showed that the consumer confidence indicator for the Eurozone declined in June by 0.3 points to -15. On the European Union’s (EU) level, the consumer confidence indicator remained unchanged at -15.6. Both indicators remain well below their …

Weekly jobless claims in the United States increased by 109,000 as data released by the US Department of Labor on Thursday revealed 1,416,000 initial claims for unemployment benefits in the United States during the week ending July 17. That reading came after last week’s reading of 1,307,000 and worse than …