Daily Market Color 08/14/2013

Daily Market Color

08/14/2013

Economic Reports & Headlines

Today we have three GDP flash reports that were released. Below you could find the actual figure versus consensus on a quarterly:

France: 50bps Vs 10bps

Germany: 70bps Vs 60bps

EMU: 30bps Vs 20bps

The consumer price index report in France for July was lower than expected on a month over month basis, -30bps Vs -20bps.

Great Britain’s labor market report for July was better than expected. The claimant count declined 29.2k versus expectations of a 15k decline. June’s report was revised lower as well to 29.4k from 21.2k. The International Labor Organization unemployment report ticked down ten basis points to 4.3%.

In the US, producer prices for July were unchanged on a month over month basis. Consensus was calling for prices to rise by 30 basis points.