Daily
Market Color
07/16/2013
Economic
Reports & Headlines
Italy started the economic
calendar off today with their Merchandise trade report for May, which
registered a surplus greater than the previous reading, 3.2bn versus 2.7bn.
Consumer prices in the UK for
June declined 20bps, on a monthly basis, versus the expected decrease of 30bps.
Producer prices in the UK for
June were in line with consensus, 4.2%. The reading was stronger than the
previous reading.
Harmonized index of consumer
prices were in line with consensus for June on both a monthly and yearly basis,
10bps and 1.6% respectively.
The Eurozone trade report for May
showed a surplus that was lower than consensus, 14.6bn Euros vs 15.2bn Euros.
On the domestic front, US
consumer prices increased at rate that was higher than expected on a monthly
basis, 50bps Vs 40bps.
Industrial production in June for
the US was higher than expected but still mild, 30bps Vs 20bps.
No comments:
Post a Comment