All the day’s economic and financial news, including new import and export figures from China and Germany * Chinese import and export growth both slowed in July * Experts: Domestic demand may be softening * German imports and exports fell in June * MSCI: markets hit record highs 12.41pm BST OVER IN ATHENS THE GREEK PRIME MINISTER ALEXIS TSIPRAS IS MULLING A FULL-SCALE GOVERNMENT RESHUFFLE OVER THE SUMMER, REPORTS OUR CORRESPONDENT HELENA SMITH Before departing on what close aides are describing as a “short one-week” holiday this weekend, Tsipras is weighing up pushing ahead with a major cabinet reshuffle in the coming days. The makeover, well-placed sources say, depends almost entirely on the role the British-trained Greek finance minister Euclid Tsakalotos, will play in the next government. 12.21pm BST THE GLOBAL ECONOMY IS STILL ON A STEADY GROWTH PATH, ACCORDING TO THE LATEST HEATHCHECK FROM THE ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT. The OECD has rounded up the latest economic data (Composite leading indicators, or CLIs), and concluded that there is “stable growth momentum” across the 35 advanced countries that make up the OECD AREA as a whole. The CLIs continue to point to stable growth momentum in JAPAN, CANADA and the EURO AREA as a whole. Stable growth momentum is now also expected in theUNITED STATES and ITALY,while in the UNITED KINGDOM the CLI confirms the tentative signs of easing growth flagged in last month’s assessment. Prospects of growth gaining momentum remain unchanged for GERMANY and FRANCE, as well as for CHINA and BRAZIL. Amongst other major emerging economies, the CLIs continue to anticipate stable growth momentumin INDIA while in RUSSIA tentative signs of easing growth remain. Continue reading...
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