Recap 8-17-12

Main Items:

  • US UMichigan Confidence increased to 73.6 vs 72.2 exp and 72.3 prev. This is the highest reading since January 2008.
  • Canada Core CPI declined to 1.7% YoY in July vs 2.0% exp and prev
  • More new hedge funds started in the first quarter of this year than in any quarter since 2007, according to data from Hedge Fund Research.

Overseas:

  • EU Trade Surplus jumped to 10.5bn in June vs 5bn exp and 6.3bn prev. This is the highest print in the history of the Eurozone:

Upcoming Data:

  • Mon: Chicago Fed Index, RBA Minutes
  • Tues: Japan Merchandise Trade Balance
  • Wed: US Existing Home Sales, BoC Governor Carney speaks, FOMC minutes, China HSBC Flash Mfg PMI

Commentary & Links:

None.

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