Quick Overview

• Spanish unemployment rose for a 12th consecutive quarter to 20.09%, its highest level since the end of 1997 and up from 20.05% in Q1.

• The U.S. Commerce Department said gross domestic product expanded at a 2.4% annual rate, less than the 2.5% analysts expected.

• Japan’s unemployment rate rose to 5.3% in June from 5.2% in May.
• Japan’s household spending rose 0.5% in June on a yearly basis
• Japan’s inflation was flat MoM and down 0.7% YoY•
• Japan’s industrial production fell 1.5%.

• EU CPI rose to 1.7% in July
• EU unemployment at 10% in June.

• Italy’s PPI rose 3.4% YoY.
• Italy’s CPI rose 1.7% YoY

• UK’s consumer confidence index fell to -22 in July

• German import price of iron ore increased by 38.9% YoY and was up 18.1 MoM.

• Germany’s wheat harvest, Europe’s second-largest, may fall as much as 8.7% on dry weather and “extremely high” temperatures, Alfred C. Toepfer International GmbH said

• Canada’s GDP rose 0.1%

• Germany’s unemployment rate was 7.6% up 0.1% MoM. A total of 3.192 million people were registered as unemployed.

• The European Union's top court ruled that Anheuser-Busch InBev (AB-InBev) may not register "Budweiser" as a trademark in the bloc, ending a 14-year legal battle over the name with a Czech brewer.

• German retail sales fell 0.9% MoM but rose 3.1% YoY

• YoY Intermodal rail traffic increased 19.2% last week, the Association of American Railroads said.