Activity in America's services sector slowed by less than expected last month, the results of a key survey revealed.
It was "highly unlikely", technically speaking, that the US economy was in a recession, Bank of America Securities said, although there were some caveats.
Retail sales volumes in the single-currency bloc undershot economists' forecasts in May.
The head of Germany's central bank urged caution on using policy tools to limit the borrowing costs of weaker economies within the single-currency bloc.
Manufacturing activity growth in the US slowed last month as new orders from clients shrank, the results of a key survey revealed.
Manufacturing activity in the Chicago area slowed more sharply than anticipated in June, plumbing a near two-year low.
Federal Reserve chairman Jerome Powell believed his country's economy was in "strong shape" and that inflation could be brought back to target without undermining the solid jobs market.
The American economy shrank at a slightly faster than expected clip over the three months to March, as consumption slowed more than previously thought.
Consumer price inflation in the euro area's largest economy surprised to the downside in June, but some economists expected the relief to be short-lived.
The cost of living in Germany is expected to surprise to the downside in May, but only because of government measures meant to dampen rising inflation.
The cost of living in Spain grew at its fastest clip since the middle of 1985 in June, stoked by fuel prices and those for food and non-alcoholic beverages.
Lending to companies in the euro area picked up heartily last month, but for some economists the ongoing decline in so-called 'narrow money' was a "red flag" heralding a big drop in loans to the private sector over the next six to nine months.
The European Central Bank will start raising interest rates gradually when the governing council met during the following month, Christine Lagarde said.
American consumers' confidence soured in June as expectations for their personal finances, business and jobs plumbed fell to their lowest levels in nearly a decade, the results of a closely-followed survey revealed.
Orders in the US for goods made to last more than three years rose more quickly than expected last month.
Consumer confidence in the US was a tad weaker than expected in June, but inflation expectations also fell back over the course of the month, the results of a closely-followed survey revealed.
Another one of Bank of America's contrarian equity strategy indicators moved into 'buy' territory over the past week, the investment bank's analysts said.
Output from America's private sector increased in June at its slowest pace since the appearance of the Omicron variant of Covid-19 in January and was at its second-softest since July 2020, the results of two closely-followed survey revealed.
The head of the US central bank said the Federal Reserve was "strongly committed" to reining in inflation and believed that further rate increases would be "appropriate" and that policy decisions would be made meeting by meeting.
Sales of existing homes in America slowed for a fourth month running, returning to the levels seen in 2019 before Covid-19.