Tag Archives: retail sale

Summary: Japan reports on labor, consumption, inflation and industrial output before the BOJ meeting. ECB reports inflation and Q2 GDP and the results of the stress test on banks. US reports first look at Q2 GDP. Tomorrow could be among the most challenging sessions of the third quarter.   The focus is primarily on Japan and Europe, but the US reports its first estimate of Q2 GDP.  After a six-month soft...

EM ended last week on a soft note, due in large part to the attempted coup in Turkey.  Weakness in the lira spilled over into wider EM weakness in thin Friday afternoon market conditions.  The situation in Turkey has calmed, and so EM may gain some limited traction this week.  However, that calm will likely be very fragile and so we retain a defensive posture with regards to EM. Turkey Central Bank of Turkey meets...