Italy to support weaker banks

Italy

Italy's government may need to support the weaker banks via injecting capital directly, in an attempt to boost their financial strength, as per a governmental source today.

Italy may support weaker banks while Russia remains stable after the Brexit

Russia

Elvira Nabiullina, Russia's central bank governor, said today that the Brexit would have a minor impact on the economy.

Japan

Japan's housing starts climbed from 9.0% to 9.8% and did not match the economists' estimations for a drop to 4.8%.

Germany

Germany's retail sales escalated from -0.3% to 0.9%. The economists expected the indicator to appreciate 0.7%.

Switzerland

The Swiss KOF economic barometer rose from 101.8 to 102.4. The analysts estimated the figure to drop to 102.8.

Turkey

The Turkish trade balance dropped from -4.21 to -5.05B. The analysts and the economists predicted the TTB to fall -5.10B.

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