Daily Market Color 08/13/2013

Daily Market Color

08/13/2013

Economic Reports & Headlines

Today’s economic calendar started off with two consumer price index reports. The actual growth rates versus consensus, on a month over month basis, could be found below:

Germany: 50bps Vs 50bps

Great Britain: 0bps Vs -10bps

Producer prices in the UK came in below consensus in July. On a month over month basis, input prices grew 110bps versus consensus of 150bps.

Industrial production in the European Monetary Union was mixed. On monthly basis the report was lower than consensus, 70bps Vs 80bps. On an annualized basis the report showed that industrial production in the region is better than economists’ estimates, 30bps Vs 10bps.

On the domestic front, retail sales in the US for July was mild and came in lower than expected on a monthly basis, 20bps Vs 30bps.

Export prices for July was down on a month over month basis, -10bps Vs 20bps. Import prices were lower than expected as well on a monthly basis, 20bps Vs 90bps.

Business inventories were unchanged for June; consensus was calling for a 20bps increase.

Across the Atlantic in the resource rich country of Australia, second quarter retail trade was below consensus on a quarterly basis, 90bps Vs 140bps.