I posted an preview of the Australian employment report for July here earlier: – (via ANZ) Due at 0130 GMT This via NAB (bolding mine): NAB expects a more positive outcome than the market
A delegation led by China’s Vice Commerce Minister Wang Shouwen is to head to the U.S. for trade talks in late August The headlines and earlier info; Bloomberg adding more now:
Forex news from the European trading session – 15 August 2018 Headlines: Markets: – USD, JPY leads, CAD lags behind – European equities lower, trades near the lows currently
Latest data from the Mortgage Bankers Association for the week ending 10 August – Purchase index 225.5 vs 233.1 prior – Market index 335.8 vs 342.5 prior – Refinancing index 927.5 vs 927.6 prior Headline measures the change in number of applications for mortgages backed by the MBA during the week. Mortgage activity continues to fall…
USD and JPY lead the way ForexLive Stocks are trading at session lows now with European equities lower and US equity futures also being dragged after we saw Tencent’s abysmal earnings report earlier. Tech shares are lower because of that.
Tencent reports abysmal Q2 earnings The profit struggles are widely expected as Chinese regulators have been cracking down on video game releases by either outright banning it or delaying permissions for newer releases in recent times. But poor results are poor results, there’s no skirting around that.
US equity futures are lower, European stocks turn the corner ForexLive S&P 500 futures are down 0.2% currently at the lows while Nasdaq and Dow Jones futures are down 0.2% and 0.3% respectively. Despite the lira’s recovery on the day, there are still lingering fears in the market that this could all blow up again…
Costs drop in latest productivity data ForexLive
July 2018 US advance retail sales highlights – Ex autos ++0.6% vs +0.3% exp – Prior ex autos +0.4% (revised to +0.2%) – Ex autos and gas +0.6% vs +0.4% exp The control group is the spot to watch here and it match forecasts after you account for the downward revision to the June number.
Still a solid 4.3% It’s still early for Q3 growth estimates but so far it’s looking good. The estimate remained at 4.3% after today’s data. “The nowcast of third-quarter real personal consumption expenditures growth increased from 2.9 percent to 3.1 percent. This increase was offset by a decline in the nowcast of third-quarter real nonresidential…