Daily Market Color 07/30/2013

Daily Market Color

07/30/2013

Economic Reports & Headlines

The European Commission released their monthly economic sentiment report which was in line with consensus at 92.5.

Germany released their consumer price index report for July which came in slightly higher than expected on a monthly basis, 50bps Vs 40bps.

On the domestic front, the FOMC meeting begins their two day monetary policy decision making meeting.

The SP Case-Shiller 20-city index report on housing prices which came in lower than consensus in May on a monthly basis, 1.0% Vs 1.3%. 

The Conference Board’s consumer sentiment index came in lower than expected for July, 80.3 Vs 81.0.

Manufacturing PMI in Japan came in lower than expected for July, 50.7 Vs 52.5.