QUICK OVERVIEW

• China: At the end of 2007 private dept to GDP stood at 118% - at the end of 2016 it stood at 211%.

• Trump announced duties on Canadian softwood of 7.7%.

• The IMF lowered its outlook for the US economy from 2.3% growth rate to 2.1%.

• The ISM said its index of national factory activity rose to a reading of 57.8 last month, its best performance since August 2014, from 54.9 in May.

• Germany (Reuters) - Euro zone growth is stronger than expected and this will enable the European Central Bank to slowly normalize its monetary policy and end a "crazy situation" of negative interest rates, German Finance Minister Wolfgang Schaeuble said.

• German manufacturing growth rose to 59.6 from 59.5 in May to reach its highest level in 74 months.

• (L.A. Times) The main ingredient of the pesticide Roundup will be added to a list of chemicals that California believes are linked to cancer, and products that contain the compound will have to carry a warning label by next year.

• The city of Ahvaz in southwest Iran posted the country’s hottest temperature ever recorded Thursday afternoon “53.7°C” (128.7 degrees Fahrenheit), and may have tied the world record for the most extreme high temperature.

• "My cost to produce sugar at Sao Martinho is something close to 13.5 cents a pound," and the group was a "very efficient" producer.

• YoY Argentina’s tax revenues rose 29.8% percent in June.

• Brazil posted a trade surplus of $7.195 billion last month, the second largest on record and the biggest ever for the month of June.

• Chinas PMI rose to 50.4 in June,  above the 49.5 level forecast, and up from May's reading of 49.6, the first contraction in 11 months.