Factories across the US reported on a strong jump in production during June, being spurred by a accelerated foreign demand for US goods.
The Canadian economy grew in line with expectations in April, as strength in manufacturing and utilities was tempered by a steep decline in nonconventional oil extraction.
UK economy slowed in the first quarter, dragged down by weaker business investment and a growing trade deficit. Meanwhile, the current account deficit narrowed less than expected at the start of this year.
Japanese manufacturers' confidence deteriorated during the previous month while service-sector sentiment slowed down from three months ago due to weak consumption, confirming fears for a fragile economy affected by a strong yen and weak overseas demand.
The number of Americans filing for unemployment benefits rose last week, but remained below a level associated with a healthy labour market.
U.K. mortgage approvals rose and house prices continued their steady advance in the weeks before the country's vote on its European Union membership.
According to the official data, the US consumer spending and core PCE prices advanced in line with economists' expectations in May.
Japanese industrial production went down continuing its sixth consecutive month of decline in May, as factories were highly affected by weak international demand and recent earthquakes near the country's manufacturing centre.
Japan's retail sales declined in May for the sixth time in seven months, underscoring policymakers' continued challenge of stimulating growth and reinforcing Prime Minister Shinzo Abe's decision to delay a sales tax increase far into the future.
The US economy expanded more than previously estimated during the first three months of the year, but not as sharply as previously estimated, moreover, the overall trend remains vulnerable to a new round of global economic turmoil.
According to the European Central Bank, during the previous month the Euro zone money supply growth rose in May as well as the annual increase in loans to households improved.
Activity in the US services sector remained tepid in June, suggesting that the economy's underlying rate of growth remains lowly and that a rate hike may not be on the cards too soon.
According to the Ifo Institute of Economic Research, German business sentiment improved in June, despite all the turmoil caused by the EU referendum in UK.
On Friday the US Durable and Core Durable Goods Orders were released, both failing to meet expectations.
Eurozone's manufacturing sector bounced surprisingly in June on slight support from the global economy, but the counter political uncertainty in the entire euro area has sparked more of a disappointment, driving down overall business growth in the economy.
The number of people applying first-time unemployment benefits in the US fell from 277,000 to 259,000, gradually beating the 277,000 forecast, as reported by the Department of Labor.
On the second day of the Federal Reserve Governor's testimony on Wednesday, Janet Yellen stated that a number of risks for the US economy is still present, thus, the Fed is taking a cautious approach to the monetary policy and the interest rate hike this year in general.
Canadian Retail Sales data came out better than expected yesterday, indicating that the data climbed 0.9% in April, compared to the 0.8% forecast.
The UK Public Sector Net Borrowing figure improved with the latest release, which showed that the borrowing was at £9.7 billion in May, beating the £9.35bn forecast.
After a rather poor reading of the German ZEW Economic Sentiment last month, caused by the upcoming EU referendum in the UK, the latest data came out rather strong at 19.2, up from 6.4 in May.
On Tuesday the head of the Federal Reserve, Janet Yellen, stated that there is ‘considerable uncertainty' in US growth outlook.
According to the minutes released by RBA from its June meeting, the cash rate was maintained at record low 1.75 %, while measure of both short-term and long-term inflation remain below average.
Wholesale sales rose less than anticipated for the fourth consecutive time on Monday, with data failing to meet the 0.5% forecast.
Last Friday the year-on-year Canadian Consumer Price Index (CPI) slowed down at a higher pace than was first anticipated.