Daily
Market Color
08/06/2013
Economic
Reports & Headlines
The Reserve Bank of Australia cut
their key rate by 25bps to 2.50%.
The Halifax House Price Index,
UK’s longest running index on UK’s home prices, was released for July. The
report came in stronger than expected, 90bps Vs 30bps.
Italy’s industrial production
report for June was in line with expectations on a monthly basis, 30bps.
Industrial production in the UK
during June was stronger than expected, 1.2% Vs 0.8%.
Second quarter GDP in Italy was
better than expected but it still showed negative growth on a quarterly basis,
-20bps Vs -40bps.
Germany’s Manufacturer Orders, in
June, was better than expected on a month over month basis, 3.8% VS 1.4%.
On the domestic front, the
international trade report for June was the most narrow it has been in four
years. The report beat consensus, $-34.2bn vs $-43.0bn.
Canada’s trade deficit in June
came in lower than expected, C$-469m vs C$-520m.
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