• U.S. Retail sales were down 0.1% in June, more than expected. Excluding autos, sales were up 0.3%.
  

• U.S. business sales were up 1.4% in May and up 8.8% YoY
  

• The University of Michigan's consumer sentiment index fell from 84.9 to 83.0 in July, morer than expected.
  

• Japan's central bank raised interest rates for the first time in six years on Friday, lifting its key rate to 0.25 percent from zero and affirming the end of a long era of deflation and economic stagnation.
  

• Canada's manufacturing shipments were up 0.3% in May.
  

• The National Association of Oilseed Processors said the U.S. crushed 131.3 million bushels of soybeans in June, more than expected.
  

• Canada confirmed its seventh case of mad cow disease.
  

• Sao Paulo's industry association reduced the estimate of Brazil's sugar crop to 370 million tons.