Quote:
‘In every cry of every man,
In every infant’s cry of fear,
In every voice, in every ban,
The mind-forged manacles I hear.’ William Blake (1757-1827)
The News:
A US court rules that Google must give name, IP address and video of every YouTube user to Viacom.
The Numbers:
British Summer Time, with expectations and previous figures in brackets. 06:00 JP May Leading Index 92.6%, Coincident Index 103.0%, versus 92.8% and 101.7% April. 07:00 DE May Factory Orders (-0.5% to +2.0% M/M, 0% to +3.1% Y/Y, versus -1.8% and +15.0% April). 15:00 CA June Ivey Purchasing Managers Index (58.0 to 65.0 versus 62.5 May).
The Psychology:
US Independence Day holiday.
The Risk:
Thin markets go nowhere.
Today’s most interesting chart: Schatz
Thrashing around, trying to base, yielding 4.50%.
