Global equities ended mostly lower last week, as resurgence in coronavirus cases across the globe and disappointing US economic data renewed concerns over global economic recovery.
UK Markets ended the week in negative territory, amid dismal corporate earnings reports and as Britain delayed the easing of a coronavirus-led lockdown restrictions.
UK’s CBI distributive trade survey's retail sales balance climbed in July, marking its highest level since April 2019.
In the UK, the number of mortgage approvals for house purchases advanced to a three-month high in June.
UK’s Nationwide house prices unexpectedly rose on a monthly basis in July, marking its first monthly increase since April.
In the UK, net consumer credit fell in June.
European Markets ended the week on a negative footing, after Eurozone’s economy contracted at its fastest pace in the second quarter.
In the Eurozone, the economic sentiment indicator improved to a four-month high in July.
In the Eurozone, the final consumer price index (CPI) climbed more than market forecast in July.
Eurozone’s industrial confidence index advanced more than market consensus in July.
In the Eurozone, gross domestic product (GDP) declined on a quarterly basis in in 2Q20, recording its sharpest decline seen since the series began in 1995.
In the Eurozone, services sentiment indicator advanced less than market forecast in July.
Eurozone’s final consumer confidence index dropped in July.
Eurozone’s unemployment rate unexpectedly rose in June.
Germany’s Ifo business expectations index improved in July.
In Germany, the Ifo business climate index advanced for the third consecutive month in July.
Germany’s Ifo current assessment index strengthened in July.
Germany’s retail sales dropped less than market expectations in June.
In Germany, the CPI unexpectedly dropped on an annual basis in July.
Germany’s seasonally adjusted flash GDP declined in 2Q20, recording its worst deterioration since 1970.
In Germany, the unemployment rate remained steady in July.
US Markets ended the week mostly higher, amid upbeat quarterly corporate earnings reports and following the US Federal Reserve’s (Fed) pledge to support the economy.
In the US, durable goods orders rebounded on a monthly basis in June.
US Dallas Fed manufacturing business index advanced in July.
The Richmond Fed manufacturing index rose in July.
Pending home sales advanced for the second consecutive month in June.
US goods trade deficit narrowed in June.
US personal spending rose for the second consecutive month in June.
The Chicago Fed Purchasing Managers’ Index advanced more-than-anticipated in July.
The MBA mortgage applications fell on a weekly basis in the week ended 24 July 2020.
US preliminary annualised GDP plunged in 2Q20, recording its biggest decline since 1940s.
Personal income dropped more than anticipated in June.
US Michigan consumer sentiment index declined more than initially estimated in July.
US CB consumer confidence index dropped more than market consensus in July.
Seasonally adjusted number of initial jobless claims advanced for the second straight week in the week ended 24 July 2020.
Asian Markets ended mostly lower last week, amid spike in coronavirus cases around the world and US-China tensions.
Australia’s consumer inflation dropped less-than-expected on a quarterly basis in 2Q20.
Australia’s AiG performance of manufacturing index rose in July.
In Australia, the Commonwealth Bank manufacturing PMI advanced in July.
In Australia, building permits unexpectedly fell on a monthly basis in June.
Australia’s private sector credit demand unexpectedly dropped on a monthly basis in June.
In Australia, the producer price index (PPI) unexpectedly fell on a quarterly basis in 2Q20.
In China, the NBS manufacturing PMI unexpectedly rose in July.
China’s non-manufacturing PMI dropped less than market forecast in July.
In China, the Caixin manufacturing PMI expanded in July.
Japan’s final leading economic index advanced May.
In Japan, the corporate service price index advanced more-than-expected in June.
Japan’s seasonally adjusted retail trade climbed in June.
In Japan, large retailers’ sales dropped less than market consensus in June.
Japan’s unemployment rate unexpectedly dropped in June.
In Japan, industrial production advanced more than market anticipations in June.
In Japan, housing starts dropped less than market expectations in June.
Japan’s Jibun Bank manufacturing PMI rose in July.
In Japan, the final coincident index dropped in May.
Japan’s construction orders declined on an annual basis in June.
In Japan, GDP fell in 1Q20.
Japan’s consumer confidence index advanced less-than-anticipated in July.