The US stock market continued to bounce back with the latest economic information as well as support from the technology group. The crypto market is still bouncing back after a slight decline. Follow the crypto message board for details.
• The Mexican economy beat forecasts, growing for the third consecutive quarter.
• Canada's GDP in Q2 increased more than expected, driving a large interest rate increase in September.
• China uses efficient investment, not massive stimulus, to boost its economy.
• Eurozone's 2nd quarter growth increased more than expected as inflation hit a new record.
• German economy stagnated in Q2: 'Recession looms'.
• The Italian economy grew faster than expected in the second quarter, back above pre-COVID levels.
• Portuguese economy lost momentum, inflation weighed on consumption.
• The French finance minister praised the "victory" when the preliminary GDP of the second quarter exceeded the forecast.
• US consumer inflation expectations eased in July.
• The US and Japan cooperate on semiconductors in the framework of the new economic dialogue.
• Fed's positive rate hike path is supported by inflation data, new wage data.