Highlights
Global core bonds gain more ground
EUR/USD breather short-lived. 1.1877 low is coming on the radar
Graph of the week
Spain yield curve (Thursday eve versus today 14H CET) Sharp bear flattening suggests investors are fast losing faith in Spain’s ability to turn its fortunes.
Key Data and Events next week
| Key Data & Events 16 July – 20 July 2012 | Consensus | Previous | |
| Monday, 23 July | EMU Consumer Confidence (Jul A) | -20.0 | -19.8 |
| Tuesday, 24 July | EMU PMI Manufacturing (Jul A) | 45.2 | 45.1 |
| Tuesday, 24 July | EMU PMI Services (Jul A) | 47.3 | 47.1 |
| Tuesday, 24 July | US Richmond Fed Manufacturing Index (Jul) | 0 | -3 |
| Wednesday, 25 July | German IFO Business Climate Indicator (Jul) | 104.7 | 105.3 |
| Wednesday, 25 July | UK GDP (QoQ) (YoY) (Q2 A) | -0.2% / -0.2% | -0.3% / -0.2% |
| Wednesday, 25 July | US New Home Sales Total/MoM (Jun) | 370K/0.3% | 369K/7.6% |
| Thursday, 26 July | EMU M3 (YoY) (Jun) | 2.9% | 2.9% |
| Thursday, 26 July | US Durable Goods Orders (Jun) | 0.4% | 1.1% |
| Thursday, 26 July | US Initial Jobless Claims | 380K | 386K |
| Friday, 27 July | German CPI – EU Harmonized (MoM) (YoY) (Jul P) | 0.4% / 1.9% | -0.2% / 2.0% |
| Friday, 27 July | US GDP QoQ (Annualized) (2Q A) | 1.5% | 1.9% |
| Friday, 27 July | US U. Of Michigan Consumer Confidence (Jul F) | 73.0 | 72.0 |
Content
Economic Data 2
Fixed Income 4
Currencies 9
Contacts 12
