Indonesia: Indonesia Elections: Both Candidates Claim Victory
Jakarta Governor Joko Widodo has claimed victory in the closely fought Indonesian presidential elections , although his rival Prabowo Subianto refused to accept unofficial results that have Widodo winning by about 3% and would not concede. Official results aren’t expected until after July 22. (Source: MarketWatch)

United Kingdom: Carney Faces Breakdown of BOE Consensus on Interest Rates
In its meeting on 10 July, the Bank of England is expected to leave the interest rate at a record low in a unanimous vote for the last time after 35 consecutive meetings in which the rate was left unchanged without dissent. Some members are now hinting that the Bank will need to start moving rates to a more neutral level sooner rather than later. (Source: Bloomberg)

China: Missing Forecasts Raise Doubts over Economic Linger
China’s trade data improved in June as exports rose 7.2% over the same month last year, representing the highest growth in five month. However, the data release still missed forecasts, which reinforced analysts expectations that China will need to adopt more fiscal stimulus measures to boost growth. (Source: Reuters)

India: India Unveils ‘Budget for Growth’
India’s new government is lifting some caps on foreign investment, tightening borrowing limits and plans to introduce a goods and services tax as part of what it calls a “budget for growth”. (Source: BBC News)

Poland: Polish Central Bank Chief ‘Embarrassed’ by Leaked Tapes
Marek Belka, Governor of the Polish Central Bank, apologized for any damage that has been done to the institution after the publication of secret recordings of a discussion between him and the interior minister about the removal of the finance minister. However, Belka has no intention of resigning. (Source: CNBC)

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