International
Slower euro-area services signal lower GDP and rates
The July euro-area services PMI weakened but East Asian services activity picked up slightly
EUCocaine seizures will not dent buoyant global market
Cocaine is a growing health and security challenge across Europe
InternationalLong-term higher food prices will drive inequalities
World food prices continued to ease in July, led by cereal, although remain far above 2013-18 levels
InternationalUS economic indicators are pointing towards a rate cut
Growth in labour costs slowed steadily in April-June and the Fed remain hopeful of cutting interest rates soon
United StatesWorld trade growth will recover modestly, led by Asia
The WTO annual report remains optimistic that world trade will grow solidly and can drive job creation and food security
InternationalUS economic data and how voters feel is diverging
US job vacancies fell slightly and hiring fell to the lowest since early 2020 but consumer confidence remains reasonable
United StatesMore Japanese rate rises likely despite demand fears
Japan raised interest rates from 0.0-0.1% to 0.25% and the yen gained more than 1% against the dollar
JapanChina’s downturn raises the urgency of stimulus needs
The official manufacturing PMI fell to a five-month low and services activity did not grow in July
China
