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Highlights
US – Underwhelming payroll report
EU – ECB cut rates; Greece and Italian Prime Ministers agree to step down
JN – Exports improve
UK – Negative effect from Euro-area crisis
CA – BoC renewed its inflation target.
AU – RBA cut Growth/CPI forecast
NZ – Unemployment continued to edged up
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Highlights
US – Consumer Confidence contrasting moderate growth
EU – Data and inadequate political solutions presenting a scary picture
JN – Jobless Data improves, Industrial Production & Retail Sales decline
UK – Uncertain Q3 GDP Estimate
CA – GDP continues to expand
AU – RBA finally eased
NZ – RBNZ not clear about tightening
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Highlights
US – Consumer Confidence erosion mirroring Europe’s
EU – Business and Consumer Confidence at cycle lows
JN – Exports improve although domestic conditions remain weak
UK – Manufacturers’ optimism dropped sharply
CA – BoC cut its 2011/12 growth forecast
AU – Inflation moderated in Q3
NZ – RBNZ may delay hikes
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Highlights
US – Core CPI eases
EU – EU CPI at three year high; Greek austerity plan to be voted on tomorrow
JN – Data softens, gov’t cuts economic view
UK – BoC sees Q4 growth close to zero
CA – Mfg continues to support the economy
AU – RBA ready to cut rates?
NZ – RBNZ signals a likely need to hike
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Highlights
US – Payroll report eases recession fears but still weak
EU – ECB held rates at 1.5%
JN – Machinery Orders better than expected
UK – Largest number of unemployed since 1996
CA – Unemployment Rate lowest since 2008
AU – Confidence has improved
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Highlights
US – Personal income fell for the first time in nearly two years
EU – Italy downgraded
JN – Data improves but remains weak
UK – Q2 GDP close to stalling
CA – Second positive GDP in a row
AU – Will RBA cut rates?
NZ – Double downgraded
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Highlights
US – Political battles on both sides of the Atlantic overshadowing data
EU – Markets slightly more optimistic resolution will be reached
JN – Light week of data
UK – The IMF lowered its 2011 growth projections
CA – Retail Sales worse than expected
NZ – Economy nearly stalled in Q2
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Highlights
US – Initial Claims disappointed
EU – The ECB cut its growth forecast
JN – Q2 Real GDP Revised Lower
UK – Jobless-benefit claims continue to rise
CA – Lost jobs in August
AU – Unemployment rate rising
NZ – Manufacturing sales fell in Q2
Looks to me like things continue to modestly improve with the first three quarters of this year showing sequential improvement.
Good for corporate earnings, not so good for people in general.
US – QE3 gaining momentum
EU – Confidence weakening
JN – Core CPI Prices increase, deflation still expected
UK – Very weak Q2 growth
CA – Economy contracted in Q2
NZ – Strong retail sales beat expectations