Lloyds Bank’s business confidence barometer for July – unchanged from June, remains at at 29% – a slight improvement in optimism about the economy but it remained weaker than at the start of 2018 Reuters with more:
I don’t have any more substance other than the headline CAD lower Comes via Bloomberg, National Post reporting Canada is said to be rejected from Nafta talks
ArticleBody Coming up on July 31 from Canada, monthly economic growth data, GDP for May 2018 – expected +0.3% m/m, prior +0.1% – expected +2.3% y/y, prior +2.5% Oh yeah, due at 1230GMT
An interview with JPM CEO Jamie Dimon When asked Monday on CNBC’s “Closing Bell” what the single biggest risk to the economy is, Dimon had two answers.
Building permits data from Australia for the month of June 2018 For the m/m, comes in at +6.4% and a big beat … this will be a positive input for the AUD
Private Sector Credit data from the Reserve Bank of Australia +0.3 % m/m – expected 0.5% m/m, prior 0.6% +4.5 % y/y – expected 5.4% y/y, prior 5.4% More:
Manufacturing PMI 51.2 The Manufacturing result has held up better than the services. All still in expansion. AUD dripped a little lower after the earlier leaked results but as I update its more or less unchanged on the session.
ANZ Business Survey for New Zealand, July 2018 Activity Outlook drops to 3.8, lowest since May of 2009 – prior 9.4 – long-term average is +27 Business Confidence drops even further to -44.9 and to its lowest since May of 2008 (a 10+ year low … very poor indeed)
Reports that North Korea is going ahead with building new missiles I posted earlier on talks scheduled today: Looks like talk is cheap: Link for more Yen is slightly bid on this (flows into yen on tension on the Korean peninsula)
I just posted the early leak of the ‘composite’ here Now the services PMI coming out (again Bloomberg with the early info) For July, 54.0 – expected 54.9 This is an ugly result indeed. AUD (the world’s favourite China proxy) is down a few points as this stuff slips out