Daily
Market Color
08/02/2013
Economic
Reports & Headlines
We are going to start the day off
with a read on UK’s housing prices. The Nationwide house price report came in
better than expected on a monthly basis, 80bps Vs 40bps.
The UK also released a PMI
construction report for July which came unexpectedly strong, 57.0 Vs 51.5.
Producer price reports in the
Euro area came in flat for June on a month over month basis, 0% Vs 0.3%.
On the domestic front, the
nonfarm payrolls report in the US came in lower than expected for July, 162k Vs
175k. On a lighter note, the jobless rate ticked down 20bps to 7.4%.
Personal income and outlays for
June came in mixed. Income grew below consensus on a monthly basis, 30bps Vs
40bps. Consumer spending came in higher than consensus, 50bps VS 40bps.
Factory orders in the US came in
lower than expected for June, 1.5% Vs 2.3%.
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