Recap 8-19-13

Commentary:

Looks like reforms in China will not be coming in the near future:

http://www.nytimes.com/2013/08/20/world/asia/chinas-new-leadership-takes-hard-line-in-secret-memo.html

Notable:

  • So far this month, U.S. bond mutual funds and ETFs have seen outflows of $19.7 billion, more than the $14.8 billion of outflows in July. August’s outflow is already the fourth-highest on record. CNBC / TrimTabs

Upcoming Data:

  • Mon: RBA Minutes
  • Tue: Chicago Fed National Activity index
  • Wed: US Existing home Sales, China HSBC Mfg Flash PMI
  • Thu: EU PMI, US Jobless Claims, CA Retail Sales, US Markit Prelim PMI
  • Fri: UK 2Q GDP, Canada CPI, EU Consume Confidence, US New Home Sales
Advertisements