Daily Market Color 08/15/2013

Daily Market Color

08/15/2013

Economic Reports & Headlines

The international calendar is light today, however, the domestic calendar is filled with reports. Let us start off in the UK and then cross over the Atlantic. Great Britain’s retail sales in July were better than expected on a monthly basis, 1.1% Vs 0.7%.

On the domestic front, consumer prices in the US for July were in line with consensus on a monthly basis by growing 0.20%.

Jobless claims in the US came in at another pre-recession low in addition to surpassing economists’ estimates, 320k Vs 330k.

The Empire State Manufacturing survey came in below consensus in August, 8.24 Vs 10.00; however, the report still signified an expansion nonetheless.

The treasury international capital report shows that foreign demand for long term US securities is declining. Outflows in June totaled $66.9bn.

Industrial production in the US was unchanged on a month over month basis in July, 0.0% Vs 0.3%.  

The national association of home builders released housing index report for August. The report was marginally higher than consensus, 59 Vs 56.

The Federal Reserve Bank of Philadelphia released its Philadelphia Fed Survey for August. The report came in below consensus, 9.3 Vs 15.0.