• Balance of indicator of economy sentiment, published by Czech Statistical Office, declined in July to 19.9. • According to preliminary estimates, US GDP in the 2Q07 increased by 3.4% and beat expectations of 3.2% while deflator rose by 2.7%, which was below expectations. • MPs of ruling Civic Democrats Party (ODS) want to support new tax on wine. Ten crowns from one litre should bring around CZK 2bn each year to the state budget. • Consumers’ confidence index in the USA, published by Michigan University, increased in July to 90.4 while market was expecting 91.2. • Producers‘ prices in France increased by 0.2% m/m in June and by 1.9% y/y. This result is in line with expectations. • Slovakia’s Ministry of Finance lowered its estimate of public finances deficit for this year to 2.7% of GDP from previous 2.9%.