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.
As reported by the US Census Bureau, there were 1.164 million constructions of residential buildings started in the US in May.
The Bank of England issued a fresh warning that uncertainty about the EU referendum next week threats knocking Britain's economic growth, pushing the Pound dramatically lower, as well as presents the "largest immediate risk" for global financial markets.
The US consumer prices softened in the previous month, but still posted increases in housing and healthcare costs thus supporting inflation, which could still allow Federal Reserve to raise interest rates during the current year.
The final estimate of the single European region inflation in May showed that consumer prices plunged 0.1% on a yearly pace in May, having slowed its pace of decrease after April's steep drop of 0.2%. Meanwhile, this was the second consecutive decline in prices.
According to the report issued by the Australian Bureau of Statistics, the Australian employment change advanced in May, outperforming economists' expectations.
The Bank of Japan decided to keep interest rates and QQE settings unchanged in line with expectations, but economists see room for further easing in coming months amid sluggish global growth and anemic inflation.
New Zealand's economy expanded at a faster pace than expected in the first quarter as healthcare made a surprisingly strong contribution to the nation's economic output, while construction continued to prop up the economy amid a housing boom.
Unemployment in Britain declined to the lowest level since Ocotber 2005, indicating that the UK labour market has continued to tighten.
Bank of Canada Governor Stephen Poloz delivered a cautiously optimistic view on the nation's economy, saying the Canadian economy is making progress in adjusting to low oil prices and recovering from the global financial crisis.
US Federal Reserve was forced to keep the target range for the Federal Funds rate flat at 0.25-0.50% after its June 14-15 meeting, owing to continuous risks to economic outlook and stagnating inflation expectations.
The UK inflation unexpectedly held steady in May against predictions for a small increase, as ongoing declines in clothing and food prices offset rising pressure from fuel prices.