Germany & France: German Economy in Shock Contraction, France Flat
Germany’s economy lost momentum in the second quarter of this year, contracting for the first time in over a year, while France’s economy stagnated again. (Source: CNBC)

Korea: BOK Cuts Rate for 1st Time Since May 2013 to Boost Growth
The Bank of Korea cut its monetary policy rate from 2.50% to 2.25%, in a move that was expected by the markets. The Bank’s cut is the first since May 2013 and brought the interest rate to its lowest level since 2010 in order to boost economic growth, as the Korean economy is decelerating. (Source: Bloomberg)

Mexico: Mexico Opens Oil Fields to Foreigners
The recent energy reform passed by the Mexican Congress will open up the energy sector to private domestic and foreign investment. Mexican officials have outlined the changing landscape of the country’s oil and gas industry as the country looks to foreign players to help develop its energy future. (Source: The New York Times)

Brazil: Presidential Campaign Shocked by Candidate Death
Eduardo Campos, the candidate from the Brazilian Socialist Party (PSB) died in a plane accident in Santos (Sao Paulo). Most analysts point to Marina Silva as his replacement. Eduardo Campos was running in third place in the Presidential elections that will take place in October. (Source: Folha de Sao Paulo)

India: India’s Wholesale Price Inflation Eases in June
India’s wholesale price inflation slowed in June for a second consecutive month, recording a 5.2% price increase, which represents a 5-month low. (Source: RTT News)

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