A bunch of rather optimistic than negative data from the U.S. was published on Thursday, showing further improvement in housing market and manufacturing sector, while the labour market is still sending mixed signals.
Another bright spot from Europe came out on Thursday, as activity in services sector expanded for the first time in 19 months, while the overall business activity grew at the fastest pace in 26 months, reinforcing a view the 17-nation economy is finally starting to gain momentum.
Australia's Conference Board Leading Economic Index (LEI), which includes several economic indicators to try to forecast the nation's economy direction, inched down in June.
Bank of Japan Governor Haruhiko Kuroda supports Shinzo Abe's plan to raise the sales tax, as the world's third largest economy is strong enough to withstand a possible hike, backing the measure before commission meet next week to discuss the impact on economic growth.
British public sector net borrowing increased last month, leading to a first budget deficit since 2010, despite predictions of a budget surplus.
The number of sales of previously owned homes in the U.S. soared to the highest level since November 2009, as more buyers entered the market before the expected increase in mortgage rates.
German Finance Minister Wolfgang Schaeuble warned out that Greece is likely to ask for another bailout in order to plug a forthcoming funding gap, just weeks before German crucial national elections.
Canada wholesale sales, which is a leading indicator of consumer spending, dropped unexpectedly in June, falling from a record high a month earlier, led by farming and building supplies, data from Statistics Canada showed.
Economic activity in the world's third largest economy unexpectedly shrank under Shinzo Abe's stimulus policies in June, as economy decelerated more than expected in the second quarter, a release by the Ministry of Economy, Trade and Industry showed Tuesday.
Amid renewed economic optimism Britain's medium-sized companies are planning to increase their investment over the coming year, a survey of executive directors at more than 200 mid-cap listed companies by Edison Investment Research showed this week.
Five years have passed since one of the most costly financial crises in the history of the world's largest economy, and 18 country's largest banks are still falling short in at least one of five areas crucial to risk management and capital planning.
Producer prices in Europe's largest economy declined unexpectedly in July, raising concerns the recovery is still fragile and unsustainable.
According to the minutes of the Reserve Bank of Australia policy meeting August 6, the central bank left the door open for more rate cuts and it would continue to watch closely economic data to evaluate the correct level of interest rates.
Japanese officials unveiled the country's trade balance's figures, showing the deficit almost doubled from a year, as significant depreciation in Yen boosted import cost, the Ministry of Finance said Monday.
Amid growing signs of economic revival, the influential economy watcher the Confederation of British Industry (CBI) has revised up its growth forecast for the next two years, as both business and consumer confidence strengthened, while credit conditions improved.
This trading week will be dominated by two events in the world's largest economy- FOMC meeting and the annual meeting of central bankers and policymakers in Jackson Hole, which both be closely monitored for any clues about Bernanke's plans for monetary policy.
German Chancellor Angela Merkel put an end to speculations of a possible post-election alliance with her main opposition Social Democratic Party, as the latest poll results are showing Merkel in a position to reprise her current coalition after elections.
Sales of Canada factory's products fell more than expected in June, marking the fourth drop in six months as sales in the miscellaneous, metal and wood products sectors fell, government figures showed Friday.
The Reserve Bank of Australia said on Friday they are planning to introduce a $300 billion committed liquidity facility in January 2015 in order to help domestic banks to comply with new global capital regulations and which is expected not to add any substantial risk through a large expansion of the RBA's balance sheet.
After a series of reports on Britain's housing market that showed it represents almost 60% of country's net non-financial wealth, analysts started to express concerns the market may be heading toward a new housing price bubble.
A series of mixed economic reports from the world's largest economy came out on Friday, reinforcing a view it is too early for the Federal Reserve to start tapering its stimulus programme.
The 17-nation bloc's current account surplus narrowed unexpectedly in June, with both exports and imports rising, reflecting the currency area is emerging from its long contraction, and pointing at a tentative pickup in consumer demand.
A series of mixed GDP reports this week is reinforcing a view the global economy is starting to heal, albeit slowly and risks for the recovery are still high.
New Zealand manufacturing activity expanded more than expected, posting the best result for the month since 2002. The BNZ-Business New Zealand PMI for July increased 4.3 points to 59.5 from the previous month.