S&P global affirms AA+ credit rating of United States

S&P Global on Monday affirmed its “AA+” credit rating for the U.S., saying the revenue from President Donald Trump’s tariffs will offset the fiscal hit from his massive tax-cut and spending bill. Trump signed the “One Big Beautiful Bill Act” into law in July after it was passed by the Republican-controlled Congress. The bill, which delivered new tax breaks, also made Trump’s 2017 tax cuts permanent

Meanwhile, Britain’s Office for National Statistics (ONS) announced Tuesday that it is delaying the release of July retail sales data by two weeks. The retail figures, originally scheduled for publication on Friday, will now be released on September 5, according to the ONS statement.

UK grocery inflation edged lower in August

British grocery inflation nudged down to 5.0% over the four weeks to August 10, data from market researcher Worldpanel by Numerator showed on Tuesday, providing limited relief for consumers. The figure, the most up-to-date snapshot of UK food inflation, compares to 5.2% in last month’s report.

Euro zone’s adjusted current account surplus widens in June

The euro zone’s adjusted current account surplus increased to €35.8 billion in June from €31.8 billion in the previous month, according to data released by the European Central Bank on Tuesday.

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Source: S&P Global