Recap 5-23-13




  • EU PMI:
  1. Mfg rose to 47.8 vs 47 exp and 46.7 prev
  2. Services rose to 47.5 vs 47.2 exp and 46.9 prev
  3. Neither French or German prints were particularly surprising

US Initial Jobless Claims dropped to 340k last week vs 345k exp and 360k prev

US Markit Preliminary Mfg PMI declined to 51.9 vs 51.2 exp and 52.1 prev

US FHFA House Price Index rose 1.3% in March

US New Home Sales rose to 454K in Apr vs 425k exp and 417k prev

China HSBC Flash Mfg declined to 49.6 vs 50.4 exp and prev

UK GDP rose 0.6% YoY in 1Q as exp

Upcoming Data:

  • Fri: German IFO, US Durable Goods Orders,
  • Mon: US Memorial Day
  • Tues: Swiss Trade Balance, French Consumer Confidence, US Consumer Confidence, Japan Retail Trade
  • Wed: Spain Real Retail Sales, German unemployment, BoC, South Korea Business Survey, Australia Building Approvals, Private Capex expectations.