India
• Retail inflation dropped to a 6-year low in June due to falling food prices.
• Wholesale prices declined for the first time in 19 months.
China
• Q2 GDP rose 5.2% YoY, beating forecasts despite global tariff risks.
• June new home prices declined at the fastest pace in 8 months.
• Property investment fell 11.2% YoY (Jan–June).
• Factory output beat expectations; however, retail sales slowed.
• Exports grew 7.2% YoY; imports up 2.3%.
• Bank lending and new yuan loans exceeded forecasts.
• Real estate giant Vanke expects up to $1.7 billion loss in H1, highlighting sector stress.
Japan
• Inflation expectations held steady; BoJ may revise inflation forecast upward at July meeting.
• Wholesale inflation eased, reducing rate hike pressure.
• Core inflation for June likely moderated.
South Korea
• Central bank signaled a potential rate cut, citing uncertainty from US tariff policy.
United States
• Weekly jobless claims fell to a 7-week low, indicating labor market resilience.
• Markets closed higher, ahead of earnings season and macro data.
• Oil prices softened amid geopolitical and trade tension.
• US food companies to eliminate artificial dyes by 2028.
Germany
• Upper House approved a €50 billion corporate tax relief package to stimulate economic activity.
Canada
• Surprised markets with June job gains and a slight drop in unemployment.
United Kingdom
• Retail spending rebounded in June; however, May GDP shrank, triggering fresh slowdown concerns.
