European focus: U.S. President Barack Obama and congressional leaders agreed on a plan to prevent a default
U.S. President Barack Obama and congressional leaders agreed on a plan to prevent a default.
The Swiss franc fell from a record against the dollar as gains in stocks boosted investor appetite for higher-yielding assets.
The Institute for Supply Management’s index for U.S. manufacturing fell to 54.5 last month from 55.3 in June, according to the median estimate of economists before the report today. Figures greater than 50 signal expansion.
U.S. gross domestic product expanded at a 1.3 percent annual rate in the second quarter after a 0.4 percent pace in the prior period, the worst six months since the recovery began in June 2009, Commerce Department figures showed July 29.
The European Central Bank will probably leave its benchmark interest rate unchanged at 1.5 percent, according to economists before the Aug. 4 decision. European manufacturing growth weakened for a third month in July, London-based Markit Economics said today.