Quick Overview

• The U.S. Institute of Supply Management’s index of services rose from 44.0 to 47.0 in June
  

• Retail sales in the EU-27 fell 0.5% in May.
  

• Euro Zone July Sentix Investor Confidence fell to -31.3 from -27.0 in June
  

• Services in the U.K. fell from 51.7 to 51.6 in May
  

• New Zealand June House Prices fell 7.1% YoY
  

• German cocoa grindings fell 15% YoY.

• (FT) India, the world's largest consumer of gold, faces a drop in precious metal imports after the government revealed plans to double import taxes on gold and silver

• Moody's Investors Service has downgraded American ports from "stable" to "negative" as the downturn reduces consumer demand and cargo volumes.