Daily
Market Color
07/10/2013
Economic
Reports & Headlines
Consumer prices in Germany grew
in line with consensus on a monthly basis and yearly basis in June. Monthly:
10bps, Yearly: 180bps.
Industrial production in France
for May was better than expected, but nevertheless, it still declined on a
monthly basis, (-40bps) Vs (-80bps).
Industrial production in Italy
for May rose 10bps on a monthly basis. On a yearly basis, the report declined
-4.2%.
Federal open market committee
minutes for the June 18-19 meeting were released. The minutes clarified and
subdued most of the monetary policy speculation that was going on among market
participants.
Heading over to Japan, Machine
orders for May increased robustly. On a monthly basis, the report increased
10.5% versus consensus of 1.7%. On a yearly basis, machine orders exceeded
expectations as well, 16.5% Vs 3.1%.
The Bank of Japan, unarguably the
most aggressive central bank currently on the planet, issued its monetary
policy announcement statement. The bank left their key rates and their asset
purchase program unchanged.
Unemployment in Australia
increased ten basis points to 5.7%. Employment in the commodity rich nation
increased 10,300.
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