2010-07-15
Market Report – 15 July 2010
» Risk currencies weaker on the day with JPY crosses leading the way lower on the day as equity markets retreated in the Asian region. AUD the main looser as recent strong gains encouraged traders to lock in profits.
» China’s economic growth eased to 10.3 percent in the second quarter after the government succeeded in tempering credit expansion, investment spending and property speculation. Results are: China Retail sales Up 18.3% on Year; expected 18.8%. China Industrial output Up 13.7% ; Expected 14.9%, China CPI Up 2.9% On Year; Market expected 3.3%, China 1st half GDP Up 11.1% On Year Vs 1st Quarter 11.9%
» Looking ahead to tonight’s data. We have the US Producer Price Index (PPI) out, Previous -0.3%, forecast -0.2%, and the Jobless Claims Previous 454K, forecast 448K
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