German unemployment came out in line with consensus estimates at 7.6%, slightly lower than 7.7% in June. The eurozone business climate index improved from 0.37 to 0.66. The consumer confidence index rose from -17 to -14, the economic sentiment index improved from 98.7 to 101.3 and the industrial sentiment index is up to -4 from last month’s reading of -6. The number of US citizens filing first-time claims for state unemployment benefits fell to 457,000 last week. The number of people continuing to collect unemployment benefits rose to 4.565 million.