The US Federal Reserve has said it is in no rush to raise interest rates, even while issuing positive predictions on inflation and economic growth. The central bank continued scaling back its stimulus spending.
Following a dismal performance in the first quarter, the US economy made a strong comeback between April and June. Americans emerged from a harsh winter with a mood to spend and growth jumped to a staggering 4 percent.
Inflation in Europe's largest economy is rising at its slowest pace in four years. Fears of deflation in the eurozone abound.
The French car group PSA Peugeot Citroen has turned the corner on earnings and logged its first profit since 2010. The about-face came in the wake of cost-cutting measures and a joint venture with China.