Greece +10.16%
Spain +1.1%
Everyone else.
Comments »Outflows: $STIP, $MOO, $VTV, $RWM, $ICF, $EUM, $TBT, $QID, $IWS
Inflows: $BIL, $JNK, $PFF, $HDV
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Continuing claims: Prior 3293k, Market Expects 3275k, Actual 3278k
CPI: -0.3% – food and energy up 0.2%
Current Account Deficit: -$137.3 Billion
Comments »Here is your answer for New Zealand markets bucking the trend overnight in Asia.
Comments »“The European debt crisis deepened as the credit ratings of Spain and Cyprus were downgraded by Moody’s Investors Service.
Moody’s yesterday cut Spain’s rating three steps to Baa3, one level above junk, from A3, citing the nation’s increased debt burden, weakening economy and limited access to capital markets. Moody’s also lowered Cyprus’s bond rating to Ba3 from Ba1, attributing the downgrade to the material increase in the likelihood of a Greek exit from the euro area, and the resulting increase in the probable amount of support that the government may have to extend to Cypriot banks”
Comments »See the chart, Between and Rock and a Hard Place, here…
Comments »WASHINGTON — Americans barely increased their spending at retail businesses in April and May, constrained by weak job creation and paltry wage increases.
A sharp drop in gas prices pulled down overall sales in both months by 0.2 percent, the Commerce Department said Wednesday.
But excluding volatile gas station sales, retail sales increased only modestly in May and dipped in April. The report could lead economists to lower their outlooks for April-June economic growth.”
Comments »Retail sales: Prior 0.1%, Market Expects -0.2%, Actual -0.2%… ex auto -0.2%
PPI: Prior -0.2%, Market Expects -0.7%, Actual -1%…ex food and energy +0.2%, yoy core is up 2.7%
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