University of Michigan consumer sentiment final report: The preliminary reading was 79.2 Current conditions 99.8 vs 99.6 prelim Consumer expectations 71.3 vs 66.2 prelim 12 month outlook 88 vs 79 prelim 1-year inflation outlook 3.2% vs 3.4% prelim After another … Continue reading
The US dollar got a small lift despite a blockbuster Chicago PMI with USD/JPY touching a session high at 104.04 from about 103.99. The real story is the inability of the US dollar to rally on good news this week. … Continue reading
Highlights of the August Chicago PMI: Prior was 52.6 Highest since May The high estimate was 63.3 in Bloomberg’s survey There were rumors about a very strong number a few minutes before the release. USD/JPY rose to a session high … Continue reading
The S&P 500 is up 3 points to 2000 shortly after the open. The Chicago PMI and U Mich consumer sentiment are due shortly but trading could taper off dramatically afterwards as we near month-end and a US long weekend.
The FT acquired a leaked draft from the latest EU Summit and officials said they’re ready to take more steps, kinda. The European Council remains engaged in the monitoring and assessment of the restrictive measures adopted by the European Union … Continue reading
The UK terror threat level has been raised to “severe”, according to Home Secretary Theresa May. Report from Sky News: “The increase in the threat level is related to developments in Syria and Iraq where terrorist groups are planning attacks … Continue reading
There were rumours of a strong reading that we wrote about on Wednesday. Fastest growth pace in nearly 3 years In June, GDP grew 0.3% vs 0.2% exp May GDP revised to 0.5% from 0.4% Q1 GDP revised down to … Continue reading
Highlights of the US PCE personal income and spending report: +0.2% prev y/y +1.6% vs +1.6% prev (in line with estimates) core PCE m/m +0.1% vs +0.1% exp/prev y/y +1.5% as prev (in line with estimates) personal income m/m +0.2% … Continue reading