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Wednesday, August 7, 2013

Daily Market Color 07/18/2013

Daily Market Color
07/18/2013

Economic Reports & Headlines
The UK started the day off with the release of June’s retail sales. Sales increased 20bps as expected on a monthly basis. On a year over year basis, prices increased more than expected, 2.2% Vs 1.6%.

On the domestic front, Jobless claims in the US beat consensus by a wide margin, 334k Vs 344k.

The Philadelphia Fed Survey came in way higher than expected in July, 19.8 Vs 9.0

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