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Saturday, August 10

10th Aug - Weekender: Weekly Support

Here are the links to the weekly roundups, reviews and also previews of the beginning week. Last week's 'Support' here.

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Markets – Between The Hedges

US: Dow Near Worst Week Of The Year ZH
Weekly Scoreboard – Between The Hedges
US market portrait – Portfolio Probe

The Economist’s Weeklies:

Succinct summation of week’s eventsThe Big Picture

The Week That WasZH

Schedule for WeekCalculated Risk

This will be a busy week for economic data. A key report will be July retail sales to be released on Tuesday.  Also there are two key housing reports that will be released later in the week; housing starts on Friday, and the homebuilder confidence survey on Thursday. For manufacturing, the July Industrial Production survey, and the August NY Fed (Empire State) and Philly Fed surveys will be released this week.  For prices, PPI will be released on Wednesday, and CPI on Thursday.

Economic CalendarBerenberg (pdf)
Eurozone Q2 GDP: German bounce, French struggle, recession easing elsewhere * Japan Q2 GDP: Bank of Japan stimulus boosts growth * Bank of England minutes: how united is Carney’s MPC?

Economic CalendarHandelsbanken (pdf)

S&P 500 Earnings Week AheadReuters

Wall Street Week AheadReuters
Wall Street's spotlight will fall on the consumer next week. Investors will look to earnings from major retailers and data on consumer spending with the hope that the numbers will show that Americans have indulged in some retail therapy in recent weeks.

(video) Europe Week AheadReuters

(video) Asia Week Ahead – Reuters

(video) US Week AheadReuters

Weekly Focus: Europe moving from recession to slow growthDanske Bank (pdf)
With a bit of luck, new data should confirm that the recession in the eurozone ended in Q2 13. US retail sales, housing market data and consumer confidence should point to improvement. We expect strong GDP growth data from Japan but slowing credit growth in China

Week Ahead 12 – 16 AugNordea (pdf)
US: retail sales, CPI and consumer sentiment. The USD has weakened over the past trading session, and the focus on the tapering debate will make these numbers closely watched. Euro zone: Growth numbers from the Euro zone will be out next week. Data has recently been on the strong side, with surprise index about to reach its turning point. Could next week´s numbers be a trigger for somewhat lower rates?  UK: Minutes, CPI and unemployment. It´s hard to imagine a more exciting week in terms of UK events for the currency and rates.  Japan can look forward to a strong Q2 growth report next week. This, in turn, can affect the market´s expectation of the consumption tax hike, however, the implication for the currency is not clear-cut.

Weighing the Week Ahead – A Dash of Insight

FX Outlook Marc to Market

The main tension in the foreign exchange market is between positions adjusting pressures, which are US dollar negative, and widely held ideas that the trajectory of growth and interest rate differentials favor the US, which is dollar positive.  
Weekly Credit UpdateDanske Bank (pdf)
Wait-and-see mode in credit markets. Continued focus on risk-weighted assets. Very limited primary market activity.

EMEA Weekly: Week 33Danske Bank (pdf)
Between developed market recovery and emerging market slowdown

Economic Calendar –
Economic Calendar – BB
EU calendar –

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