Recap 2014-08-19

Commentary:

NB: No updates the rest of the week.

Notable:

  • RBA minutes “noted the significant uncertainties around the growth forecast and the importance of considering risks to the forecast as well as the central projection.” The minutes noted that “GDP growth was likely to have slowed to a more moderate pace in the June quarter.”
  • UK CPI declined to 1.6% YoY vs 1.8% exp and 1.9% prev. The Core measure also fell to 1.8% vs 1.9% exp and 2.0% prev
  • US CPI declined to 2.0% as exp vs 2.1% prev. The Core measure was stable at 1.9% as exp
  • US Housing Starts jumped 15.7% MoM vs 8.1% exp and -4.3% prev. Building Permits jumped to 8.1% vs 2.8% exp and -3.2% prev,

Upcoming:

  • Wed: BoE Minutes, Fed minutes, Japan PMI, China HSBC PMI
  • Thu: EU PMI, US Jobless Claims, Markit PMI, Philly Fed, Existing Home Sales, EU Consumer Confidence
  • Fri: Canada CPI, Yellen & Draghi Speak at Jackson Hole
  • Mon: German IFO, US New home Sales, NZ Trade Balance
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