Global Economy Week Ahead: Eurozone GDP and Inflation, U.S. Jobs
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This week, the eurozone will see inflation and gross domestic product figures, while the U.S. will learn more about the state of consumer spending and inflation in the June personal-income report. The week culminates with Friday's U.S. jobs report for July.
Corporate Earnings Boost Global Markets
Global stocks started the week a touch higher, supported by better-than-expected corporate results and climbing commodity prices.
China Factory Activity Loses Momentum, Signaling Possible Economic Slowdown
A gauge of China's manufacturing activity fell more than expected in July, offering a sign of an anticipated slowdown in the world's second-largest economy after a strong start to the year.
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China's Industrial Dragon Burning Less Hot
After months of strength, China's manufacturing purchasing managers index showed signs of faltering momentum in July.
Eurozone's Low Unemployment, Inflation Raises Questions for ECB
The eurozone's unemployment rate has fallen to its lowest level in more than eight years, but inflation is unchanged-highlighting the challenge at the heart of the European Central Bank's decision on dialing down its stimulus programs.
ECB Urges Fines for European States Breaking Reform Rules
The European Union should consider slapping large fines on European governments that fail to adopt its economic-reform proposals, the European Central Bank said.
Japan Industrial Production Rises in June
Japanese industrial production rose 1.6% on month in June, the Ministry of Economy, Trade and Industry said Monday.
OPEC Has a Crippling Problem: Its Members Can't Stop Pumping
Eight months after a landmark deal to cut oil output to force prices up, big budget obligations are driving members to keep producing.
U.S. Companies Post Profit Growth Not Seen in Six Years
America's largest companies are on pace to post two consecutive quarters of double-digit profit growth for the first time since 2011, helped by years of cost-cutting, a weaker dollar and stronger consumer spending.
Asset Managers: Spending Money to Make Money
Prominent asset managers fell back to earth last week as the fundamental challenges they face resurfaced.
(END) Dow Jones Newswires
July 31, 2017 07:15 ET (11:15 GMT)