+44 (0)20 7373 2686

English French Espa?ol

News Desc.

U.S july retail sales stronger: +0.5% july vs

U.S retail sales in July had their biggest gain since march, tempering fears thta the world’s largest economy might go back to recession.

U.K Services PMI rises to 55.4 in july expected at 53.2: sterling strenghtens

U.K service sector growth at 4 month high in july on strong growth in new business, raising hopes that the economy may pick up, but service firms cut jobs, and banks and consumer sectors suffered a drop in output. Sterling rises 0.5% against the U.S dollar following this statistic, slightly higher against the euro.

U.S ISM Manufacturing 50.9 july versus 54.9 expected

The euro and pound fell to session low following the ISM release.

U.S Senate rejects debt limit plan

The U.S Senate swiftly rejected Boehner’s debt-limit plan just hours after the House passed it. The House plans to vote on Reid’s plan Saturday, which would pave the way for a bipartisan compromise. US House Passed Boehner Debt-Limit Bill With More than 216 Votes.

USA Q2 GDP +1.3% below expectations of +1.8%

The U.S. economy came close to flat in the first quarter and slightly grew at 1.3 % annual rate in the April-June period as consumer spending barely rose. The Commerce Department data on Friday also showed that the slowdown in the economy began earlier than had been thought, with the growth losing steam late last year. That could raise questions on the long held view by both Federal Reserve...