July 28, 2026
United States:
US Goods Trade Deficit Narrows as Capital Goods Imports Fall
The US merchandise-trade deficit narrowed in June as a broad-based decline in imports — including a rare pullback in capital goods — outpaced a slide in exports.
The shortfall in goods trade declined 4.2% from the prior month to $101.5 billion, Commerce Department data showed Tuesday.
https://www.bloomberg.com/news/articles/2026-07-28/us-goods-trade-deficit-narrows-on-drop-in-imports
Europe:
UK Food Inflation Falls for Sixth Consecutive Month, BRC Says
UK food inflation has fallen for a sixth straight month, a retail trade association said Tuesday, after shops discounted snacks and alcohol to entice millions of fans watching England reach the semi-finals of the World Cup.
Food inflation was 2.2% in July, down from June’s 2.4%, according to British Retail Consortium data published the week of the Bank of England’s latest decision on interest rates.
Asia:
OPEC+ Plans Quota-Hikes Pause After September, Delegates Say
OPEC+ expects to pause oil-production quota hikes after a final increase in September as the group continues to evaluate the fast-changing supply impact of the Iran war, two delegates said.
The producer group is currently planning to ratify an agreement to hike its September quota by 188,000 barrels a day when it meets virtually on Aug. 2, the delegates said, asking not to be identified because they’re not authorized to speak to the media.
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