A few headlines crossed the screen during and after the numbers. Nothing majorly of note but here’s the rundown to keep you up to speed.
- IMF says Cyprus seen returning to growth in 2015, risks remain from banks NPL’s and Ukraine. Say they need additional fiscal effort to sustain primary surplus to 2018 target
- Belgium Q2 GDP 0.1% vs 0.4% prior q/q. 1.0% vs 1.2% y/y
- Russian foreign ministry is currently assessing impact of sectoral sanctions on joint investment projects with foreign partners. Says sanctions will further aggravate Russia-US relations
- Says US will feel tangible losses from it’s destructive and myopic sanctions
- France’s Moscovici says Europe must use investments to refocus on growth and jobs
- Convinced France will have important economic portfolio, Europe needs dynamic and aggressive industrial policy
- Says Europe must absolutely implement Junkers €300bn investment plan (Moscovici is France’s candidate for the EC
- Israeli military offers 4 hour humanitarian ceasefire to some areas of Gaza
That’s it for now.
