US Philly Fed Non-Manufacturing Activity (Jul) +7.4 (prev. -25.8)
The July Philly Fed Non-Manufacturing Activity rebounded sharply to +7.4 from a previous reading of -25.8, indicating a stronger-than-expected recovery in the sector.
Citizens Financial Group (CFG) files to sell USD 400mln in notes
Philly Fed Nonmanufacturing Business Outlook Survey (July 2026): Regional General Activity: 7.4 (prev. -25.8)
US Philly Fed Non-Manufacturing Activity (Jul) +7.4 (prev. -25.8)
State Street (STT) files to sell 2-part debt offering
UK PM Burnham says “we've got to show that our commitment to the fiscal rules is real and we're prepared to make difficult decisions in relation to that", Bloomberg's Wickham reports
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This significant turnaround could suggest underlying resilience in economic activity, which may influence the Federal Reserve's monetary policy outlook and potentially support a more hawkish stance in upcoming meetings.
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