QUICK OVERVIEW

• China's economy grew at “only” 7.6% in Q2
• Chinese central bank lowered its one-year yuan deposit rate 25 basis points

• The euro fell to multi-year lows against a range of currencies on fears of a deepening slump in Italy and Spain.
• Statistics released by the European Central Bank (ECB) indicated that the eurozone is in a liquidity trap, economists with a German bank said
• ECB cut its main lending rate by a ¼% to 0.75%
• The seasonally adjusted industrial production in the 17-member Eurozone saw a 0.6% MoM rise in May.

• Greek unemployment rose to a new record of 22.5% in April

• Brazil's central bank cut its benchmark interest rate by half a percentage point to a record low of 8% in the eighth consecutive rate cut this year.

• The U.S. added a meager 80,000 jobs in June.
• The unemployment rate was unchanged at 8.2%.

• Australia's unemployment rate rose to 5.2% in June (Reuters) -

• Lawmakers in North Carolina, which has a long Atlantic Ocean coastline and vast areas of low-lying land, voted  to ignore studies predicting a rapid rise in sea level due to climate change and postpone planning for the consequences.

• Macao's gross gaming revenues for the first half of this year increased 19.8 % to 148.73 billion patacas (18.59 billion U.S. dollars)