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US international trade deficit decreased by US$2.5B in June from May to US$96.8B, as seasonally adjusted wholesale inventories rose 0.2% to US$903.3B, seasonally adjusted retail inventories increased 0.7% to US$802.1B: Dept. of Commerce

EU flash consumer confidence indicator for July increased 0.7 percentage points from June to -12.2, euro area flash consumer confidence up 1.0 percentage point to -13.0; consumer confidence is approaching its long-term average: European Commission

AXA Investment Managers analyze high yield market resilience and ECB policy; potential for increased carry and return opportunities despite economic shifts

Cox Automotive: Car repossessions up 23% year-over-year and eclipsing pre-pandemic levels, indicating economy may be heading toward severe downturn; trend likely won't slow down with inflation, higher car prices and high interest rates affecting consumers

Property developers warn next UK government must address housing crisis; experts say the system has been problematic for 25-30 years and planning process needs urgent reform, with solution possibly taking years to achieve

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