EUROPE
Energy giant Shell plc’s Chief Executive Officer Ben van Beurden stated, during a press conference in Norway on Monday, that the gas crisis on the European continent could last over several winter periods.
AUSTRALIA
Retail sales gained by more-than-expected 1.3% month-on-month in July, faster than the 0.2% rise in June, data from the Australian Bureau of Statistics showed on Monday.
JAPAN
The leading index, which measures future economic activity, fell to 100.9 in June from 101.2 in May, final data from the Cabinet Office showed on Monday.
US
Federal Reserve Chair Jerome Powell told the Jackson Hole economic symposium on Friday the central bank’s efforts to combat inflation will cause “some pain” but argued a failure to restore price stability would mean “far greater pain.”
