Recap 2014-08-12: BAML FMS


BAML survey take away: buy stocks soon. (Not Japan though)


  • German ZEW dropped sharply to 8.6 vs 17 exp and 27.1 prev
  • US NFIB Survey improved to 95.7 vs 96 exp and 95 prev
  • Australia NAB Business Confidence improved to 11 vs 8 prev
  • AU House Price Index rose 10.1% YoY vs 9.3% exp and 10.9% prev
  • USDA WASDE reports, End Stocks for Aug:
  1. Corn: 1808M vs 1996M exp and 1801M prev
  2. Soybeans: 430M vs 415M exp and prev
  3. Wheat: 663M vs 661M exp and 660M prev


  • Tue: Japan 2Q GDP
  • Wed: GermanyCPI, UK Employment, BoE Inflation Report, US Retail Sales, Dudley Speaks, NZ Mfg PMI, Retail Sales, UK RICS House Price Balance
  • Thu: France, GDP, Payrolls, Germany GDP, EU CPI revision, US Jobless Claims
  • Fri: UKGDP, US Empire Mfg, PPI, UMichigan Confidence
  • Mon: US NAHB, RBA Minutes
  • Tue: UKCPI, USCPI, US Housing Starts, Building Permits,