Quick Overview

• U.S. pending home sales rose 5.3% in June, better than expected. YoY pending home sales are down 12.3%.
  

• U.S. jobless claims rose 7,000 last week to 455,000, more than expected
  
  

• The Bank of England kept its interest rate unchanged at 5.0%.
  

• The European Central Bank kept its interest rate unchanged at 4.25%
  

• Japan’s machinery orders fell 2.6% in June.
  

• Australia’s unemployment rate remained at 4.3%.
  

• YoY South Africa gold production fell 12.3% in June.
  

• The U.S. Environmental Protection Agency denied the request from Texas to reduce the Renewable Fuels Standard this year, saying that they found no evidence that the mandate was causing "severe harm" to the economy.