Germany's June exports and imports were below expectations, with imports dropping by 3.4% and exports rising only by 0.1%. Both figures contributed to negative annual rates.
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The US government's top credit rating was downgraded by Fitch to AA+ from AAA.
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On Tuesday, the U.S. government's top credit rating was downgraded by Fitch to AA+ from AAA.
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Eurozone HICP in July rose by 5.5% YoY, and headline CPI increased by 5.3%.
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The European Central Bank (ECB) raised key rates by 25 basis points as expected in the July policy meeting.
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The European Central Bank (ECB) raised key rates by 25 basis points as expected in the July policy meeting.
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The European Central Bank (ECB) is expected to raise interest rates by 25 basis points (bps) to 3.75% at its upcoming meeting. This rate hike is widely anticipated, with a probability of around 97%.
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Germany's IFO Business Climate Index declined to 87.3 in July, missing expectations of 88.0 and down from the previous value of 88.6.
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The Eurozone PMIs for June disappointed as both the Manufacturing PMI and the Services PMI came in below expectations, recording figures of 42.7 and 51.1, respectively.
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