July 29, 2025
United States:
US Goods-Trade Deficit Narrows Thanks to Broad Drop in Imports
The US merchandise-trade deficit shrank in June by more than forecast, reflecting a broad decline in imports as the pre-tariff rush to secure goods unwinds.
The shortfall in goods trade narrowed 10.8% from the prior month to $86 billion, Commerce Department data showed Tuesday.
Europe:
ECB Says Consumers’ Inflation Expectations Eased in June
Inflation expectations of euro-area consumers eased in June, the European Central Bank said.
Prices were seen rising 2.6% over the next 12 months, down from 2.8% in May, according to a monthly survey released Tuesday.
Asia:
PBOC Finds Consumer Mood Is Turning Darker Even as Economy Grows
Chinese households became more pessimistic last quarter and their view of the jobs market fell to the worst ever, according to a survey by the central bank, a worry for an economy that risks a slowdown ahead after growing faster than the government’s target for much of this year.
Consumers turned increasingly negative about income, employment, and prices in April-June, the poll showed.
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