Brazil's consumer confidence improved for the second consecutive month in July, partly driven by increased activity linked to the soccer world cup, results of a survey by the think tank FGV showed Friday.
Russia's central bank decided to lift its key rate unexpectedly on Friday as geopolitical tensions increased risks of inflation amid rising threats to growth. The Board of Directors of Bank of Russia raised the key rate by 50 basis points to 8 percent. The bank was widely expected to leave rates unchanged. The rate has been hiked by a cumulative 250 basis points since February.