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German retail sales plunged in June. Retail sales took a dive in Germany in June, falling 2.3% month-on-month. Analysts had expected a +0.3% boost. Despite that, the year-on-year figure remained strong, up 5.1% from June 2014.
Eurozone inflation is coming. At 10 a.m. London time (5 a.m. New York) the latest inflation data will be released for the eurozone, showing how the bloc did in July — analysts are expecting no change from June’s +0.2% reading and for core inflation to stay steady at +0.8% too.
Japanese inflation is still tepid. Core inflation, excluding volatile fresh food prices, was up 0.1% year-on-year in June, the internal affairs ministry said, well short of the Bank of Japan’s 2% target.
Mexico’s central bank is stepping up dollar auctions to halt the peso’s slide. Mexico’s central bank decided Thursday to increase its daily dollar auction from $US52 million to $US200 million to stop the peso’s dramatic slide. The new auction will start on Friday and run until September 30.
Pacific trade deal negotiators are in the last leg of talks. Pacific Rim trade ministers neared the final spurt of negotiations on an ambitious free trade pact on Thursday, but differences over farm exports and monopoly periods for next-generation drugs were preventing them from reaching an elusive final deal.
Chinese regulators suspended 24 equity accounts for irregularities. The accounts had been found to have abnormal bids for shares or bid cancellations and were thus suspected of affecting share prices or influencing investment decisions by other investors, the China Securities Regulatory Commission said in its official microblog weibo.
Google is rejecting a French government attempt to apply the right to be forgotten globally. “While the right to be forgotten may now be the law in Europe, it is not the law globally,” Google’s global privacy counsel Peter Fleischer said in a blog post.
General Electric is looking to move a big chunk of manufacturing work out of the US. GE Vice Chairman John Rice said the conglomerate is bidding on over $US10 billion (£6.41 billion) worth of projects that require support from an export credit agency (ECA) like the shuttered US Export-Import Bank.
Another fund just got hit with further US anti-Russian sanctions The Treasury’s Office of Foreign Assistance Control on Thursday added The Russian Direct Investment Fund to the list of sanctioned institutions, along with a number of entities linked to energy giant Rosneft and bank Vnesheconombank.
Asian markets are mixed. As of 6:50 a.m. London time (1:50 a.m. New York), Hong Kong’s Hang Seng is up 0.28%, Japan’s Nikkei is basically flat, up 0.07%, and the Shanghai Composite is down 0.96%.
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