Main Items:
- US Initial Jobless Claims declined to 361k last week vs 370k exp and 365k prev
- BoJ kept policy rates unchanged at 0.1% as exp
- ECB’s Noyer: "Our operations will be of sufficient size to have a strong impact on the markets. We should be ready to intervene very soon, prioritizing short-term debt markets.”
Overseas:
- China July Data:
- CPI declined to 1.8% YoY vs 1.7% exp and 2.2% prev
- IP declined to 9.2% yoY vs 9.7% exp and 9.5% prev
- Retail Sales declined to 13.1% vs 13.5% exp and 13.7% prev
Australia Employment increased 14k in July vs 10k exp and -27k prev. Unemployment was stable at 5.2% vs 5.3% exp.
BoK kept policy rates unchanged as exp
Upcoming Data:
- Fri: UK PPI, Canada Employment, USDA Crop report
- Mon: RICS House Prices Balance, BoJ Minutes, Australia NAB Business Confidence
- Tues: UK CPI, EU 2Q GDP, German Zew, US PPI, Retail Sales
Commentary & Links:
None
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