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Wednesday, August 7, 2013

Daily Market Color 07/23/2013

Daily Market Color
07/23/2013

Economic Reports & Headlines
France started the economic calendar off today with their Business Climate Indicator, which is a measure of sentiment among French business leaders. July’s report came in slightly higher than expected, 95 Vs 94.

Retail sales in Canada was better than expected in May, 2.9% Vs 0.4%.

New Zealand trade surplus came in much better than expected in June, NZ$414m Vs NZ$100m.

Japan’s trade deficit came in higher than expected for June, Y$180.8bn Vs Y$163.

Consumer prices in Australia for the second quarter came in slightly lower than expected on a quarterly basis, 40bps Vs 50bps.
    

China’s flash manufacturing PMI for July contracted more than expected, 47.7 Vs 48.5. 

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