Business Confidence - Business confidence in Peru remains strong [1] Political Landscape - Political uncertainty stems from a potential field of more than two dozen presidential candidates next year in Peru [1]

Business Confidence & Economic Trends - Business confidence is rising [1] - Tax hikes are occurring [1] Consumer Behavior - Gen Z's shopping habits are skewing data [1] Sports & Media - Germany's Bundesliga is tapping content creators [1]

Business Sentiment & Expectations - Companies report a flat and weak business situation [1] - Expectations are improving, anticipating increased government spending in the future [2] - Order intake and other indicators are not yet showing improvement [2] - Companies are increasing capacity in anticipation of government spending [4] Economic Challenges - German company insolvencies have reached the highest level since 2005 [3] - The housing and apartment sector remains weak [4] - GDP figures disappointed with a -0.0% [10] Trade Deal Assessment - The current trade deal is considered a humiliation for the EU, reflecting an imbalance of power [5] - The trade deal is worse than previous arrangements, posing a challenge to the German economy, estimated around 15% [6] - Companies do not fully trust the trade deal due to uncertainty and potential changes [7] Fiscal Stimulus & Reforms - A fiscal stimulus package targeting defense and infrastructure has been unveiled [8] - The stimulus is expected to have a positive impact next year [8] - The sustainability of the stimulus depends on complementary structural reforms [9][11] - Without structural reforms, the effects of government spending will be short-term and may lead to price increases [10][11]

Business Confidence - South African business confidence reached a four-month high [1] Risk Factors - Trump's tariffs pose a threat to reverse the gains in business confidence [1]

Sector Activity - Australia's services sector activity accelerated in June [1] Cost Inflation - Cost inflation in Australia's services sector softened [1] Business Confidence - Business confidence in Australia reached its highest level in more than three years [1]